![]() ![]() No one earning less than $400,000 per year will pay a penny in new taxes.Ĭongressional Republicans have taken a very different approach. ![]() The President’s Budget details a blueprint to build on this progress, deliver on the agenda he laid out in his State of the Union, and finish the job: continuing to grow the economy from the bottom up and middle out by investing in America, lowering costs for families, protecting and strengthening Medicare and Social Security, and reducing the deficit by nearly $3 trillion over the next decade by making the wealthy and big corporations pay their fair share and cutting wasteful spending on Big Pharma, Big Oil, and other special interests. And the reforms he signed into law to take on Big Pharma, lower prescription drug costs, and make the wealthy and large corporations pay their fair share will reduce the deficit by hundreds of billions of dollars more over the coming decade. While the previous Administration passed a nearly $2 trillion unpaid-for tax cut with benefits skewed to the wealthy and big corporations while dramatically increasing the deficit, President Biden cut the deficit by more than $1.7 trillion during his first two years in office-the largest decline in American history. The President has done all of this while delivering on his commitment to fiscal responsibility. And the President’s plan is rebuilding America’s infrastructure, making the economy more competitive, investing in American innovation and industries that will define the future, and fueling a manufacturing boom that is strengthening parts of the country that have long been left behind while creating good jobs for workers, including those without college degrees. The President has taken action to lower costs and give families more breathing room, including cutting prescription drug costs, health insurance premiums, and energy bills, while driving the uninsured rate to historic lows. The past two years were the best two years for new small business applications on record. The Black and Hispanic unemployment rates are near record lows. The unemployment rate has fallen to 3.4 percent, the lowest in 54 years. Under the President’s leadership, the economy has added more than 12 million jobs-more jobs in two years than any president has created in a four-year term-including 800,000 manufacturing jobs. Over the past two years, in the face of significant challenges, that economic strategy has produced historic progress for the American people. President Biden has long believed that we need to grow the economy from the bottom up and middle out, not the top down. Get Involved Show submenu for “Get Involved””īudget Details Plan to Invest in America, Lower Costs and Cut Taxes for Working Families, and Protect and Strengthen Medicare and Social Security.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””. ![]() "We're not advising people to rush to make changes at this stage. ![]() "There is no new and immediate threat to individuals' personal data that's suddenly arisen that we need to act quickly to prevent," the ICO told the BBC. The ICO claims that this isn't the case, however. The ICO has been forced to provide clarification after Lewisham Council's information and communications technology chief, Neil Iles, sent an email to his colleagues last week that read: "If you still use Dropbox as a quick-win cloud storage solution for your school please consider that recent changes in rulings regarding the validity of the Safe Harbour Agreement means that data stored outside the EU is now officially at risk for EU based Data Owners." The Safe Harbor ruling was a decision by Europe's top court to strike down the Safe Harbor scheme previously used to legitimise the transfer of data from Europe by US companies, spurred on by the revelations that the NSA spies on almost all internet traffic.Ĭompanies have subsequently been scrambling for alternate legal frameworks to legitimise this transfer. Account icon An icon in the shape of a person's head and shoulders. ![]()
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