Joe Biden unveils his climate plan funded by canceling Trump's tax cuts



[ad_1]

Former US Vice President and Democratic presidential candidate, Joe Biden, will speak at a campaign launch rally on May 18, 2019 in Philadelphia, Pennsylvania.

Drew Angerer | Getty Images

Former Vice President Joe Biden unveiled Tuesday a proposal to inject $ 1.7 trillion into clean energy research and infrastructure redesign, funded by a cut in corporate tax cuts. republican.

The plan of the Democratic presidential candidate 2020 aims to use this federal investment to generate more than $ 5 trillion in public and private funds to take action to combat climate change, said his campaign. Biden would push for net net emissions by 2050, return to the Paris climate agreements, and ban new oil and gas permits on public lands and waters, among other initiatives.

"As president, I will lead America and the world, not only to face the crisis that presents itself to us, but also to seize the opportunities that it offers," Biden said in a statement. video accompanying the publication of the plan.

The proposal comes as Democrats call for aggressive action to combat global warming in the face of natural disasters that have devastated parts of the country. Although Biden did not adopt the Green New Deal's ambitious plan like some of his competitors, he described it as "a crucial framework for addressing the climate challenges we face" on Tuesday.

Biden, the favorite of the Democratic primary in the presidential, had to face negative reactions from his rivals after Reuters announced that he would issue a climate plan "in the medium term". Senator Bernie Sanders, a Vermont independent who left behind Biden in the first primary polls, said Sunday that Democrats should not be content with the "middle ground" and "have to go ahead with a program. new and progressive ".

Some Biden competitors have already unveiled proposals to combat climate change, which has become increasingly a priority for voters.

Washington Governor Jay Inslee – who has made climate change the key issue of his presidential campaign – has released a plan to achieve zero emissions for some new vehicles and eliminate carbon pollution from all commercial and residential buildings from here 2030, among other measures. The former Beto representative O 'Rourke also asked for $ 5 trillion in additional investments to combat climate change.

Biden's plan would restore the rules of the Obama administration canceled by the Trump administration, such as fuel economy standards for cars and regulations on methane emissions. It would also strengthen mechanisms to fight polluting companies, which, according to the Biden campaign, "disproportionately affects communities of color and low-income communities".

The former vice president's campaign said it will fund clean energy research by reversing the excesses of Trump tax cuts for corporations, by reducing incentives to tax havens, fraud and outsourcing, ensuring that companies pay their fair share, filling other loopholes in our tax code rewarding work, not wealth, and ending fossil fuel subsidies " .

Democratic presidential candidates 2020 have announced that they will cancel some of the 2017 GOP tax cuts to fund projects ranging from infrastructure redesign to childcare and public accountancy. Savings of newborns.

Groups such as the Sunrise Movement, a leading supporter of the Green New Deal, have pushed Biden to take stronger action to tackle climate change. Varshini Prakash, executive director of the Sunrise Movement, said in a statement that the "pressure had worked" because Biden "issued a comprehensive climate plan that cites the Green New Deal".

"Nevertheless, candidates need to be more ambitious if we really want to save millions of people from death before entire nations sink into the sea," Prakash added.

More broadly, Democrats have sought to portray themselves as better equipped than President Donald Trump to face the threat of climate change, which they say has not taken the issue seriously enough. Michael Brune, executive director of the Sierra Club environmental group, said Tuesday that "although Donald Trump is giving up world leadership and diving into the sand, Democrats continue to lead the charge by presenting comprehensive plans to tackle the climate crisis. ".

A spokeswoman for the Trump campaign did not immediately respond to a request for comment on the democratic critics of Trump's climate policy.

Subscribe to CNBC on YouTube.

[ad_2]

Source link