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Biden's Rocky First Year | Quick Take | GZERO Media

Biden's rocky first year

Ian Bremmer's Quick Take:

It's been a very tough week in the United States, both because in New York, and, of course, the glad tidings of New York very quickly come to a theater near you, are increasingly concerns about breakthrough COVID cases. The potential for hospitals to get overwhelmed, even if omicron turns out to be significantly milder than previous variants. If you have 10X the number of cases and one-third the hospitalizations, you're still going to overwhelm hospitals. And what happens in New York does not stay in New York. It's not like Vegas here. It goes to the rest of the world and it goes across the country.

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What’s Next for Infrastructure & Biden’s Build Back Better Plan? | US Politics In :60 | GZERO Media

What's next for infrastructure and Biden's Build Back Better plan?

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

Now that President Biden has signed the bipartisan infrastructure bill, what's next for infrastructure?

The President this week signed a significant new investment in infrastructure, about $550 billion beyond the money that's already being spent in the baseline levels for the US infrastructure, and this is a big investment. It about doubles how much money the US spends on infrastructure over the next five years, and the money's going to go to all kinds of places, roads, bridges, tunnels, water projects, broadband deployment for Americans, climate resiliency, electric vehicles. There's a lot of different things that are going to be funded by this pot of cash.

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Who's the Real President Joe? | PUPPET REGIME | GZERO Media

Who's the real President Joe?

Joe Biden can't seem to do anything these days without the approval of one very specific person.

Watch more PUPPET REGIME!

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Republican 2021 Election Wins | US Politics :60 | GZERO Media

Republican 2021 election wins

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, discusses the results of the US election on November 2.

What was the warning to Democrats in this week's governor's races?

Yesterday's elections in Virginia and New Jersey were a really bad sign for Democrats. Biden won both those states by 10 points and 16 points respectively just last year. In Virginia, the Republicans are going to win not only the governorship, but the top three spots in state government and take one of the houses of the legislature. And New Jersey, the Republican was way behind in the polls, but came within a hair's breadth of actually winning it.

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Could a Billionaires Tax Fund Democrats’ $2T Spending Bill? | US Politics In :60 | GZERO Media

Democrats scramble for ideas to finance $2T spending bill

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

How are Democrats going to finance their $2 trillion spending bill?

Well, I don't know. And the Democrats don't know either. The original idea was to undo a lot of the Trump tax cuts from 2017. This is a very unpopular tax bill that every Democrat voted against, but moderate Senator Kyrsten Sinema told the White House earlier this month that she's against any and all tax rate increases. This takes the top individual income tax rate going up off the table. And it takes the top corporate rate going up off the table. And it probably takes capital gains rates going up off the table. So, now the Democrats are scrambling to backfill that revenue that they can no longer raise through rate increases with other ideas. One of those ideas is a tax on the unrealized gains of billionaires.

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Congressional spending cuts | US Politics :60 | GZERO Media

From $3.5 trillion to $2 trillion: Cuts to US spending bill mean less money for families

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

What does it actually mean to cut $1 trillion from the Democrats' $3.5 trillion social spending bill?

President Biden has proposed one of the most ambitious expansions of federal spending in recent memory. If he gets everything he wants, it would probably be the largest expansion of government since the Great Society, but he's not going to get everything he wants. Democrats have basically said they cannot do all $3.5 trillion in spending. They're probably going to end up around $2 trillion. So what gets cut? Well, we don't know yet. There's kind of two ways to go about this. They could either cut the number of programs that have been proposed, doing fewer things with more money on a permanent basis, or they could try to do more things, each program getting less money and potentially doing them on a temporary basis. So, a future Congress would have to extend it. What does this mean for you? Well, a lot of the money in here is designed to go directly to families, either in the form of cash payments, through the tax code, the Child Tax Credit and the Earned Income Tax Credit, or subsidies for things like child care, early childhood education, and community college. And if you cut these things back, it means less money is going to go out the door to the American people. It also means less tax increases to finance it. So the implications of what's being proposed could actually end up being a big deal for a lot of Americans who would qualify for benefits under these new programs.

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Ian Bremmer: Evaluating the Biden Administration | Quick Take | GZERO Media

Evaluating the Biden administration

Ian Bremmer's Quick Take:

Hi everybody, Ian Bremmer here and a happy week to everybody. A little Quick Take, thought I would talk a little bit since we're closing in on the first year of the Biden administration. How do I assess it? And as you all know, I don't pull punches on this stuff. I say where I think they're doing a good job, where I think they're doing a bad job.

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Moderate Democrats Will Determine the Infrastructure Bill’s Fate | US Politics :60 | GZERO Media

Moderate Democrats will determine the infrastructure bill's fate

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

What happened with the infrastructure bill in the House this week?

The infrastructure bill, $550 billion in new spending on infrastructure, roughly doubling the amount of money that the US spends on roads, bridges, tunnels, ports, airports, water infrastructure over a five-year period was scheduled for a vote on Monday of this week. That was later delayed so that Speaker Nancy Pelosi could negotiate between progressives in her caucus and moderates, the moderates who wanted to get the bill done quickly. It was bipartisan.

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