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Alternative Visions – Biden’s Tax Plan + Crossroads for American Democracy

Dr. Rasmus provides a first look at President Biden’s Tax proposals, designed to roll back the worst of Trump’s $4T tax cuts in 2018 for businesses and investors. Rasmus describes the 40 year historical tax shift in favor of the 1% wealthiest households, their businesses and their investments—a key hallmark of Neoliberalism policy since 1981.  Biden’s 3-part economic recovery program—the $1.8T recent stimulus, the $2T-$3T infrastructure bill to be announced next week, and the tax proposals to help pay for both—are described in context of a struggling US economy and a global deterioration in Europe and elsewhere of the fight against Covid 19 and another economic downturn in many economies. What’s happening in Europe and the prospects of a third wave of Covid based on new and more dangerous variants from UK, So. Africa, and Brazil. Rasmus introduces the show with commentary on the current, intensifying fight to retain even limited democracy in America—as Republicans launch voter suppression legislation in 43 states and as Democrats offer HR 1 in Congress to ensure absentee and mail in voting. America’s ‘triple crises’ of Covid, a faltering economy, and a declining democracy are not over. Is a new phase in each on the horizon?

 

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