Politica Internazionale

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giovedì 29 aprile 2021

Biden's plans for the continuation of his presidency

 Biden has about thirteen months to obtain effective results, which will allow him to arrive with a certain degree of tranquility at the appointment for the congressional elections. The government program is based on three main themes, the success of which will condition the judgment on the president's work, but, above all, on the future structure of the United States, through a policy that promises to be based on large financial investments to stimulate structural growth of the country. The first point is based on pressing immediate needs and represents the overcoming of the pandemic. Overcoming this obstacle means then proceeding with peace of mind with the other development plans. The USA, currently, has already fully vaccinated 29.1% of the population, a figure that places the country much ahead of its European ally and, in itself, already represents a success on which it is mandatory to proceed without suffering. slowdowns. Success on the pandemic is necessary and preparatory for the other objectives set by the American president, both because it represents an undisputable instrument of credibility, and because it is functional to carry out the large investments that you want to make. The second objective is of an administrative nature and aims to overcome the divisions of a highly decentralized state, where the greatest difficulty is to bring together a series of public administrations, which can get in the way of federal-level projects with widespread bureaucracy. This is an ambitious challenge, because it means wanting to impose a change of mentality, which has the aim, in the short term, of starting the reform of the American infrastructural network, which, especially in the most remote regions, is not worthy of the first world power. Whether they are physical roads or digital highways, the bureaucratic process needs to be streamlined and the task is not easy when you have to maintain relationships with those who lead the administrations of America's deepest. From the point of view of the institutional effort it is a program similar to the one that the European Union is about to carry out, but with a much greater financial effort, so much so as to invest an amount equal to two and a half times that made by Brussels. . It is understood that the intention is to stimulate domestic demand together with equipping the country with more advanced infrastructures, essential to allow the whole nation to face and support the economic development that the evolution of world challenges will already impose in the immediate future. . The third objective is the most ambitious, precisely because it must go in the opposite direction to the domestic policy, which the United States has undertaken since the 1980s. The intention is to support a welfare program, both from a regulatory, fiscal and investment point of view. Regulations capable of ensuring maternity leave, the free access to certain degrees of education and the transfer of funds from the state to families with children, are common measures in Europe, but whose introduction in the USA would represent a real innovation, especially after the period of Trump, however, the question of how to finance the increase in the welfare state can only come about with the tax reform that can make it possible to find the necessary funds. Biden intends to implement a series of tax increases towards the richest part of the population and which provides, in the main measures, to increase the taxation of corporate profits from 21% to 28%, the increase in taxation for one percent of the wealthiest population in the country and the increase in taxes on stock market capital gains from 20% to 30%. If the infrastructure plan will be financed in debt, the need to vary the taxation may encounter setbacks for the increase in welfare, which are largely predictable in the Republicans, but also present in some of the Democrats. Solving these problems is the greatest and most immediate difficulty that Biden will have to face, seeking a difficult dialogue with Congress and the even more complicated cooperation between the two parties. The game is open Biden has a rating of 55% of the voters, in the same period lower than Obama but higher than Trump, but with 68% of voters who appreciate the management of the pandemic; these are good starting points, which will have to be reinforced through the president's ability to convince the social and political parties of the goodness of his projects.

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