Key Point: “I think anybody who pretends that it’s a hardship for billionaires to pay a little bit more in taxes so that a single mom gets childcare support or so that we can make sure that our communities aren’t inundated by wildfires and floods and that we’re doing something about climate change for the next generation — you know, that’s an argument that is unsustainable.” – President Barack Obama
ABC News: Exclusive: Obama says US ‘desperately needs’ Biden agenda, supports taxing the rich
By Deena Zaru, Sabina Ghebremedhin, and Nicole Curtis
September 27, 2021
“You’re talking about us stepping up and spending money on providing childcare tax credits — making those permanent to help families, who for a long time, have needed help,” Obama told “Good Morning America” host Robin Roberts.
“You’re looking at making our infrastructure function more efficiently … you’re talking about rebuilding a lot of buildings, roads, bridges, ports so that they are fortified against climate change. And also, that we start investing in the kinds of energy efficiency that’s going to be required to battle climate change.”
The legislation bolsters funding for the country’s infrastructure — from roads and bridges to transit systems and the electricity grid.
The $3.5 trillion bill is a 10-year spending plan that covers a host of Democratic priorities, including investments in health care, child care, eldercare, universal preschool, free community college, as well as efforts to combat climate change.
“It’s paid for by asking the wealthiest of Americans, who have benefited incredibly over the last several decades — and even in the midst of a pandemic, saw their wealth and assets rise enormously — asking them to pay a few percentage points more in taxes in order to make sure that we have a economy that’s fair for everybody,” Obama said.
“I think anybody who pretends that it’s a hardship for billionaires to pay a little bit more in taxes so that a single mom gets childcare support or so that we can make sure that our communities aren’t inundated by wildfires and floods and that we’re doing something about climate change for the next generation — you know, that’s an argument that is unsustainable,” he added.
A White House official told ABC News on Monday that Biden, along with senior White House staff, spoke over the weekend with several members of Congress whose votes are key to getting the legislation passed.
“Engagement is happening through the weekend into Monday and it continues to be clear that there is strong resolve across the caucuses behind passing these bills so that our economy delivers for the middle class and not just those at the top,” the White House official said.