Tag Archives: America’s global competitiveness

Statement by President Joe Biden on Passage of the Build Back Better Act in the U.S. House of Representatives

The White House Briefing Room

Today, the United States House of Representatives passed the Build Back Better Act to take another giant step forward in carrying out my economic plan to create jobs, reduce costs, make our country more competitive, and give working people and the middle class a fighting chance.

The Build Back Better Act is fiscally responsible. It reduces the deficit over the long-term. It’s fully paid for by making sure that the wealthiest Americans and biggest corporations begin to pay their fair share in federal taxes. It keeps my commitment that no one earning less than $400,000 a year will pay a penny more in federal taxes. Continue reading here.

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FACT SHEET: President Biden Renews U.S. Leadership on World Stage at U.N. Climate Conference (COP26)

The White House 

Heading into COP26, President Biden announced  the Build Back Better Framework – the largest effort to combat climate change in American history alongside his Bipartisan Infrastructure Deal that the President is confident can pass both chambers of Congress and be signed into law. The Build Back Better Framework will cut greenhouse gas pollution by well over one gigaton in 2030, reduce clean energy costs for working families, give our kids cleaner air and water, create hundreds of thousands of good-paying, union jobs, and advance environmental justice while investing in a 21st century clean energy economy. President Biden’s bold agenda, along with his robust executive and regulatory actions to date, represents the U.S. intention to capture the economic opportunity that addressing climate change presents. Read more here.

ACP & SEIA WEIGH IN 

MORE ON THE BUILD BACK BETTER FRAMEWORK

Statement from Agriculture Secretary Tom Vilsack on President Biden’s Framework for the Build Back Better ActUSDA News Release


“The Build Back Better framework is the largest effort in American history to combat the climate crisis, while spurring economic opportunity with innovation and good jobs here at home, better positioning us to compete globally. Agriculture can lead the way in the fight on climate with climate smart agriculture and forestry practices that sequester carbon, reduce emissions and create new and better market opportunities for producers.”

 

THE BIPARTISAN INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA)

The Infrastructure Bill Is Desperately Needed, Engineers SayScientific American

“You can’t build a healthy economy on a crumbling infrastructure,” says Maria Lehman, president-elect of the American Society of Civil Engineers. Every four years this professional organization publishes a report card on U.S. utilities, issuing letter grades in 17 categories such as roads, internet access and drinking water—and the grades rarely rise above a D. “We’ve had many, many, many decades of taking our infrastructure for granted,” Lehman points out. “And it’s all coming due at the same time.” 

Scientific American spoke with Lehman about what’s broken, whether the IIJA’s $1 trillion investment can fix it, and what happens if the federal government fails to invest in infrastructure.

H.R.3684 – Infrastructure Investment and Jobs Act (IIJA)

IN NEBRASKA

Nebraska Infrastructure Overview, American Society of Civil Engineers

While the nation’s infrastructure earned a C- in the 2021 Infrastructure Report Card, Nebraska faces infrastructure challenges of its own. For example, driving on roads in need of repair in Nebraska costs each driver $461 per year, and 8.8% of bridges are rated structurally deficient. Drinking water needs in Nebraska are an estimated $1.6 billion. 149 dams are considered to be high-hazard potential. The state’s schools have an estimated capital expenditure gap of $292 million. 

This deteriorating infrastructure impedes Nebraska’s ability to compete in an increasingly global marketplace. Success in a 21st-century economy requires serious, sustained leadership on infrastructure investment at all levels of government. Delaying these investments only escalates the cost and risks of an aging infrastructure system, an option that the country, Nebraska, and families can no longer afford.

Image Credit: Nebraska Public Power District

INDIVIDUAL CLIMATE ACTION

COP26: This is what individuals can do to slow down climate change, according to experts, ABC News

As the leaders of the world gather in Glasgow to discuss the fate of the climate crisis, the power to save the planet from destruction caused by humans does not only lie in the hands of those in power. While the majority of reductions in greenhouse gases will need to be accomplished by transformation in policy and industry, individual actions can also help prevent further warming, according to the experts.

PAUL HAWKEN INTERVIEW & HIS NEW BOOK

Paul Hawken: Sustainability isn’t enough. Here’s what is, GreenBiz

Sustainability is a limited framework. The solutions to the climate crisis hinge upon embracing regeneration as a universal organizing principle. That’s according to entrepreneur and author Paul Hawken, who just published a “what-to-do,” action-packed handbook for those seeking to channel collective action on complex, systemic problems in ways that nurture life and livelihoods.

His new book, Regeneration: Ending the Climate Crisis in One Generation, is joined by a website that details “what needs to be done and how to do it on all levels of agency, from a classroom to a CEO.” The site offers snapshots of systemic issues — including clean cookstoves, electrifying everything and wasting nothing — with action items, key players, governance, bad actors and media to digest for each.

Photo: Paul Hawken and Joel Makower speaking at GreenBiz’s VERGE 21 virtual event.

Build Back Better Framework

The White House Briefing Room, October 28, 2021

The Build Back Better Act will create millions of good-paying jobs, enable more Americans to join and remain in the labor force, spur long-term growth, reduce price pressures and set the United States on course to meet its clean energy ambitions.

Investments in Clean Energy and Combatting Climate Change

  • Clean Energy Tax Credits ($320 billion): Ten-year expanded tax credits for utility-scale and residential clean energy, transmission and storage, clean passenger and commercial vehicles, and clean energy manufacturing.
  • Resilience Investments ($105 billion): Investments and incentives to address extreme weather (wildfires, droughts, and hurricanes, including in forestry, wetlands, and agriculture), legacy pollution in communities, and a Civilian Climate Corps.
  • Investments and Incentives for Clean Energy Technology, Manufacturing, and Supply Chains ($110 billion): Targeted incentives to spur new domestic supply chains and technologies, like solar, batteries, and advanced materials, while boosting the competitiveness of existing industries, like steel, cement, and aluminum.
  • Clean Energy procurement ($20 billion): Provide incentives for government to be purchaser of next gen technologies, including long-duration storage, small modular reactors, and clean construction materials.

Click here to read about all proposed investments in the Build Back Better Framework.

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President Biden to Host Leader-Level Meeting of the Major Economies Forum on Energy and Climate

The White House Briefing Room

The virtual meeting builds on the Leaders Summit on Climate the President hosted in April and comes six weeks before the United Nations Climate Change Conference (COP 26) in Glasgow, which will set the course for global climate efforts over the coming decade. Read more here.

Previously Posted
Biden’s American Jobs Plan Is Also a Climate Plan, Natural Resources Defense Council
The $2 trillion it would invest in the country’s infrastructure and workforce will help the United States recover from the past while preparing for the future.

Additional Recommended Reading
Investing in infrastructure, technology will provide payback for years to comeby June Girard, guest columnist, The Gainesville Sun. This is no time to quibble about how much it will cost us now. The real question is, what will it cost this country if we do not aggressively fund these challenges? Will we become a backward, irrelevant country whose natural resources will be squandered on antiquated processes? 

Featured Quotation On U.S. Infrastructure
Source: We can find agreement on funding much-needed infrastructure work, Midlands Voices, Omaha World-Herald

We have been talking about this for over a decade, and our decaying infrastructure cannot wait much longer. We need to reach across the aisle, find consensus and solve a big challenge facing our country — now. I’m working in the Problem Solvers Caucus to do just that. – Congressman Don Bacon, representing Nebraska’s 2nd District

Additional Recommended Reading
Midlands Voices: Bold infrastructure program will bring major benefits to the country, Omaha World-Herald. The writer, Johanna Threm, is Vice President and General Manager of Nucor Steel Nebraska.

Here’s What’s In The Democrats’ $3.5 Trillion Budget Resolution

By Dana Farrington and Barbara Sprunt, NPR / KIOS

The Senate narrowly endorsed a $3.5 trillion budget resolution early Wednesday morning in a 50-49 party-line vote. The sweeping Democratic plan includes major investments in climate initiatives, the expansion of Medicare and the extension of the child tax credit.

The price tag is currently set at $3.5 trillion. The plan calls for the investments to be offset by a combination of new tax revenues, health care savings and long-term economic growth. It calls for raising money through IRS enforcement and proposes a new fee on carbon pollution. The plan prohibits tax increases on families making under $400,000 a year, small businesses and family farms. Read more here.

See Also: U.S. Department Of The Treasury: The Made In America Tax Plan (PDF)

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