Joe Biden and Democrats’ Plan to Grow Our Economy from the Bottom Up & Middle Out
Democrats are delivering on President Biden’s pledge to rebuild our economy from the middle out and bottom up, not the top down. Since President Biden took office, this country has come back from the brink, the deficit has fallen by over $1 trillion, we have the best jobs record since John F. Kennedy, and we’ve powered the strongest economic recovery in the world. We are breaking ground on over 57,000 projects across 4,500 communities nationwide and incentivizing a historic $877 billion in private funding across the United States, with companies investing hundreds of billions more than what they did under Trump to build new factories.
We’ll accelerate implementation of our historic Investing in America agenda to bring back manufacturing and rebuild our infrastructure. We’ll keep fighting to pass the PRO Act, to give everyone the right to organize for better pay, benefits, and working conditions and we’ll finally raise the federal minimum wage to $15 an hour. And, we’ll keep expanding access to capital so that Americans can start and grow small businesses.
Joe Biden and Democrats’ Plan to Reward Work, Not Wealth
Democrats are fighting to reward work, not wealth, and make the tax code fairer for the middle class, while making the wealthy and big corporations finally pay their fair share. Under President Biden’s plan, no American earning less than $400,000 a year will pay more in federal taxes, period. We’re working to end special interest giveaways, and to make sure all Americans play by the same rules. And our plan cuts the deficit by $3 trillion over the next decade.
President Biden and Democrats will cut working families’ taxes, including by restoring and making permanent the Child Tax Credit and Earned Income Tax Credit. Democrats will make billionaires pay a minimum income tax so that they no longer pay an average tax rate lower than a firefighter or teacher. And, Democrats won’t let corporations get away with paying $0 in taxes, raising the corporate tax rate and closing loopholes that special interests take advantage of.
Joe Biden and Democrats’ Plan to Lower Costs
Today, our economy is growing, wages are rising, and a record number of Americans have good jobs. But for too many hard-working families, the cost of living can still feel too high. Lowering costs is Democrats’ number one economic priority. We have more to do, but our actions are already putting thousands of dollars a year back in people’s pockets. We are saving millions of Americans an average of $800 a year on their health care premiums. We capped the price of insulin at $35 a month for nearly 4 million seniors on Medicare and are lowering the price of commonly used drugs for diabetes and heart failure. We capped rent hikes in 2 million apartments and are going after unfair rental “junk fees.” Through record energy production of clean energy, oil, and gas, we’ve lowered prices at the pump for American families. We approved the cancellation of $167 billion in loans for nearly 5 million borrowers, including a million public servants such as teachers, nurses, and police, and are expanding registered apprenticeships and job training opportunities.
President Biden and Democrats will continue to lower the cost of health care, building on President Biden’s historic action allowing Medicare to negotiate lower drug prices by growing the list by at least 50 drugs a year. And he will stand firm to protect Social Security and expand benefits, and make Medicare permanently solvent by making the wealthy pay their fair share in taxes. Democrats will guarantee affordable, quality child care to millions of working families for less than $10 a day per child. And, we’ll lower housing costs by building or renovating 2 million homes nationwide. We will take on corporate greed by banning “junk fees” and holding companies accountable for price gouging.
Joe Biden and Democrats’ Plan to Tackle the Climate Crisis, Lower Energy Costs, and Secure Energy Independence
President Biden is delivering the most aggressive climate agenda in history. His landmark legislation has unleashed a clean energy boom that’s reducing pollution, lowering energy costs, and has already created over 300,000 good-paying American jobs. He is on track to protect more of America’s lands and waters than any president before him, and he has restored our global climate leadership. He is positioning America to lead the future – energy independent, resilient, innovative, and strong.
Democrats will scale up solar, wind, and geothermal projects made possible by the Inflation Reduction Act and invest in clean energy R&D to build America’s legacy as a nation of new frontiers and possibilities. President Biden will expand the clean energy workforce, with a goal of tripling the size of the American Climate Corps by the end of this decade and making sure the clean energy and manufacturing jobs of tomorrow are open and accessible to communities that have been too often left out in the past. We’ll also eliminate tens of billions of dollars in unfair oil and gas subsidies and hold oil and gas executives accountable for potential collusion or price gouging. We will continue to implement the president’s Executive Order on Environmental Justice for all.
Joe Biden and Democrats’ Plan to Protect Communities & Tackle Gun Violence
All Americans deserve freedom from fear, women deserve a president who has committed his life to ending violence against women, and families deserve a president who has delivered safer neighborhoods. Under President Biden and Vice President Harris, in 2023, the murder rate saw the sharpest decrease in history and violent crime fell to one of the lowest levels in more than 50 years. Democrats made the largest-ever federal investment in public safety and violence prevention, putting more police officers on beat for accountable community policing. We need to fund the police, not defund the police. President Biden and Vice President Harris and Democrats in Congress defeated the gun lobby and passed the first significant federal gun safety law in nearly 30 years. President Biden took historic action by pardoning people convicted federally for using or possessing marijuana.
Democrats will take on common sense solutions to gun violence, including universal background checks, safe storage requirements, and a ban on assault weapons and high-capacity magazines. President Biden will advance his Safer America Plan, which calls on Congress to invest $37 billion to support law enforcement and crime prevention – including funding for 100,000 additional police officers for accountable community policing and investing $5 billion in community violence interventions, building trust between law enforcement and the communities they serve. Democrats will also take action to expunge federal marijuana-only convictions.
Joe Biden and Democrats’ Plan to Strengthen Democracy, Protect Freedoms, & Advance Equity
President Biden, Vice President Harris, and Democrats know that democracy has always been America’s sacred cause. Whether that’s still true is the most urgent question of our time, and it’s what the 2024 election is all about. When President Biden took office, the nation was reeling from what it had just witnessed on January 6: a violent mob that stormed the Capitol, smashing windows, kicking in doors, attacking scores of police officers and roaming the corridors hunting for elected officials – all whipped into a frenzy by Donald Trump’s lies, repeated over and over again for months, to overturn the will of the people.
In his second term in office, President Biden, Vice President Harris, and Democrats will continue to work every day to ensure that our democracy endures. President Biden will appoint more justices and judges across the federal bench like Justice Jackson: brilliant jurists who are committed to defending American rights and freedoms. Democrats in Congress will pass, and President Biden will sign, the John R. Lewis Voting Rights Advancement Act and the Freedom to Vote Act to fully secure the right to vote in every state, ensure fair congressional maps for every American, modernize and secure our elections, and curtail the corrupting influence of money in politics. President Biden, Vice President Harris, and Democrats are committed to restoring the reproductive rights Trump ripped away and will pass a law codifying the protections of Roe, strengthen access to contraception, protect a woman’s right to access IVF, and support access to FDA-approved medication abortion. Democrats will also keep fighting to address racial inequities, from health care to education to housing.
Joe Biden and Democrats’ Plan to Secure our Border & Fix the Broken Immigration System
On his first day in office, President Biden sent Congress legislation to secure our border, fix our immigration system, and provide a pathway to citizenship for Dreamers and others. This past year, the President worked across the aisle and negotiated a bipartisan deal that included the toughest and fairest set of reforms to secure the border in decades. It would have made our country safer and made our border more secure, it would have funded new technology and personnel to catch fentanyl and go after drug traffickers, while treating people fairly and humanely and expanding legal immigration, consistent with our values as a nation. Congress failed to act because Republicans, led by Donald Trump, would rather play politics than solve problems. President Biden hasn’t waited to act – and his actions have led to border encounters going down by over 50 percent. The current level is lower today than when Trump left office.
In President Biden’s second term, he will push Congress to pass legislation that is consistent with our values as a nation. Legislation must secure the border, reform the asylum system, expand legal immigration; and keep families together by supporting long-term undocumented individuals, including Dreamers. President Biden has taken action to advance each of these goals, but lasting, comprehensive reforms require congressional action.
Joe Biden and Democrats’ Unity Agenda
During his first State of the Union, President Biden outlined a unity agenda to make progress solving big challenges that Americans have in common: beating the opioid epidemic, tackling the mental health crisis, holding Big Tech accountable, ending cancer as we know it, and meeting our nation’s sacred obligation to veterans. Under President Biden’s leadership, Democrats worked across the aisle to make real progress on these critical issues. We’re providing life-saving treatment for opioid use disorder to end the epidemic, making historic investments in mental health care to help struggling Americans, establishing new high standards for AI safety and protecting American privacy, bringing together providers, insurers, and researchers to work toward ending cancer, and passed the PACT Act to expand health care benefits to veterans.
Democrats will continue critical investments to curb opioid overdoses, including expanding access to life-saving medication and care for Americans struggling with addiction. Democrats will increase access to mental health care, and push to expand 988 — the National Suicide & Crisis Lifeline launched by the Biden-Harris Administration — to serve more Americans. Democrats are determined to strengthen data privacy, protect kids online, and hold companies accountable for the harm they cause.
Joe Biden and Democrats’ Plan to Strengthen American Leadership Worldwide
When he entered office, President Biden moved to quickly and decisively repair the damage that Trump had done to America’s relationships with our allies and our reputation around the world. Trump’s America first strategy meant America was alone, less secure, less prosperous, and with American leadership and values falling behind worldwide. By reinvesting in America’s manufacturing base, leveling the playing field for American workers, and standing alongside our allies to support democracies and push back against autocracy, President Biden has bolstered our national security and is investing in a future where America will continue to lead on the world stage. President Biden and Democrats believe at this decisive moment we must demonstrate that democracy can still deliver for our people. We must rally the world to address the challenges that impact all of us – from climate change and global health to human rights, technology, food security, and inclusive economic growth. President Biden understands that leading abroad means being strong and resilient at home. He also knows that the United States is strongest when our partners are strong too.
President Biden will never turn his back on our allies. In his second term, he will continue to strengthen NATO and stand with Ukraine to stop Putin’s atrocities and constrain Russia’s threat to allied nations and America’s vital interests. President Biden will remain focused on actions at home and abroad to outcompete China, while responsibly managing the relationship with the PRC to avoid a costly spiral to conflict. President Biden remains committed to a durable peace in the Middle East bolstered by regional integration and a negotiated two-state solution that ensures Israel’s future as a Jewish and democratic state with recognized borders and upholds the right of Palestinians to live in freedom and security in a viable state of their own.