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Biden plans 'real money' for jobs training, unions, economic adviser says

Biden plans 'real money' for jobs training, unions, economic adviser says

Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.U.S. President Joe Biden arrives to speak about the status of coronavirus disease (COVID-19) vaccinations and his administration's ongoing COVID-19 pandemic response?in the Eisenhower Executive Office Building at the White House in Washington, U.S., April 21, 2021. REUTERS/Tom BrennerPresident Joe Biden wants to put "real money" toward helping laid-off workers get new jobs in growth industries like green energy and healthcare as part of his $2.3 trillion jobs and infrastructure...

April 23, 2021
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Biden to float historic tax increase on investment gains for the rich

Biden to float historic tax increase on investment gains for the rich

Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom BrennerPresident Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.The plan is part of the White House's push for a sweeping...

April 22, 2021
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Biden 'prepared to compromise' on infrastructure, wants Republican proposal by May

Biden 'prepared to compromise' on infrastructure, wants Republican proposal by May

Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.U.S. President Joe Biden hosts a meeting on U.S. supply chains and the coronavirus disease (COVID-19) response with a bipartisan group of House and Senate members in the Oval Office at the White House in Washington, U.S., February 24, 2021. REUTERS/Jonathan ErnstU.S. President Joe Biden met on Monday with a bipartisan group of lawmakers who have all served as governors or mayors, as the White House seeks a deal on his more than $2 trillion jobs and infrastructure proposal.Biden...

April 19, 2021
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After criticism, Biden says he will raise U.S. cap on refugee admissions

After criticism, Biden says he will raise U.S. cap on refugee admissions

By WILMINGTON, Delaware (Reuters) -President Joe Biden said on Saturday he will raise the cap on the number of refugees admitted this year to the United States, a day after he drew criticism from Democratic lawmakers for agreeing to keep the historically low figure in place.Biden signed an order on Friday extending a 15,000 refugee admissions cap issued by his predecessor Donald Trump through the end of September. In signing the order, Biden shelved a plan announced in February to increase the cap to 62,500.Biden told reporters in Delaware on Saturday after playing golf that he would go...

April 17, 2021
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After criticism, Biden says he will raise U.S. cap on refugee admissions

After criticism, Biden says he will raise U.S. cap on refugee admissions

Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.President Joe Biden said on Saturday he will raise the cap on the number of refugees admitted this year to the United States, a day after he drew criticism from Democratic lawmakers for agreeing to keep the historically low figure in place.Biden signed an order on Friday extending a 15,000 refugee admissions cap issued by his predecessor Donald Trump through the end of September. In signing the order, Biden shelved a plan announced in February to increase the cap to 62,500.Biden...

April 17, 2021
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Analysis: White House, U.S. companies could agree on 25% tax rate, officials, business groups say

Analysis: White House, U.S. companies could agree on 25% tax rate, officials, business groups say

By (Reuters) - President Joe Biden has championed raising the U.S. corporate tax rate to 28% from 21% as the main way to fund his $2 trillion infrastructure plan, but few people in Washington, including inside the White House, really think the rate will land there.Biden made it clear on Wednesday that he is open to compromise, after a reporter asked if he would be willing to agree on a tax rate below 28%.“I’m willing to listen to that, I’m wide open to it,” Biden said.Reuters interviewed more than a dozen corporate and White House officials engaged in the infrastructure push. Most expect...

April 7, 2021
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Biden proposes $2 trillion "once-in-a-generation" investment in U.S. economy

Biden proposes $2 trillion "once-in-a-generation" investment in U.S. economy

By , PITTSBURGH (Reuters) -President Joe Biden on Wednesday called for a sweeping use of government power to reshape the world’s largest economy and counter China’s rise in a $2 trillion-plus proposal that has been met with swift political resistance.Biden’s proposal would put corporate America on the hook for the tab for projects putting millions of Americans to work building infrastructure such as roads as well as tackling climate change and boosting human services like elder care.“It’s a once-in-a-generation investment in America, unlike anything we’ve seen or done,” Biden said in...

March 31, 2021
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Analysis: Corporations, wealthy pay in Biden infrastructure plan, not drivers and riders

Analysis: Corporations, wealthy pay in Biden infrastructure plan, not drivers and riders

By WASHINGTON (Reuters) - President Joe Biden’s plans to spend billions of dollars on the United States’ crumbling roads and mass transit include a novel twist - making companies and wealthy households, rather than drivers and riders, pay the cost.Biden will unveil more details about the first stage of his infrastructure plan, which could be worth as much as $4 trillion, in Pittsburgh on Wednesday.Business groups and lawmakers on both sides of the aisle have been pushing Biden to raise U.S. fuel taxes, some of the lowest in the world, for the first time since 1993. They also want a new...

March 30, 2021
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Biden looks into taking action on 3D printer guns, imported firearms

Biden looks into taking action on 3D printer guns, imported firearms

By NEW CASTLE, Del. (Reuters) - President Joe Biden, weighing executive orders aimed at reducing gun violence following two mass shootings, said on Friday his administration is exploring whether he has the authority to take action on firearms made using 3D printers as well as on imported guns.Slideshow While Democratic-backed gun control legislation faces an uphill battle in the U.S. Congress because of Republican opposition, Biden could decide to take executive action in certain areas without the approval of lawmakers.“We’re looking at what kind of authority I have relative to imported...

March 26, 2021
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Biden raises minimum wage for federal contractors to $15/hr

Biden raises minimum wage for federal contractors to $15/hr

Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.U.S. Capitol maintenance staff disinfect surfaces before the House Energy and Commerce Committee hearing on coronavirus in Washington, DC, U.S. June 23, 2020. Sarah Silbiger/Pool via REUTERSPresident Joe Biden on Tuesday will continue his push for a national $15 minimum wage with an executive order that raises pay to at least that level for hundreds of thousands of federal contract workers, according to senior White House officials.The move will increase the current minimum wage...

April 27, 2021
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