Joe Biden wants to complete his goals on civil rights, taxes, and social services if he’s reelected
WASHINGTON — President Joe Biden has a simple reelection pitch to voters — let him “finish the job.”
So what does that mean? What’s left for him to get done?
Unlike Donald Trump, the front-runner for the 2024 Republican presidential nomination who has been releasing videos and statements detailing his agenda, Biden hasn’t formally released his plans as part of his campaign.
But his ambitions are no secret, and his goals for child care, community college and prescription drugs have been laid out in detail during the Democrat’s first term. He also has unfulfilled promises on civil rights, such as protecting access to the ballot box, preventing police misconduct and restoring the nationwide right to abortion. Banning firearms known as assault rifles remains a priority as well.
The result is a second-term agenda that could look a lot like Biden’s first-term agenda, with some of the same political challenges. Almost none of this can get done without cooperation from Congress, and many of these goals already have been blocked or pared down because of opposition on Capitol Hill.
Biden has achieved bipartisan victories on infrastructure projects and public funding for the domestic computer chip industry. But Democrats would need to win wide majorities in both the House and the Senate to clear a path for the rest of his plans.
“We’re going to finish as much of the job as we can in the next year,” said Bruce Reed, Biden’s deputy chief of staff. “And finish the rest after that.”
Biden’s campaign expressed confidence that the president’s agenda would stack up well against Republicans in next year’s election. Kevin Munoz, a spokesman, described the election as “a choice between fighting for the middle class or shilling for rich special interests” and he said “it’s a contrast we are more than happy to make.”
One other difference between Biden and Trump doesn’t fit neatly into policy white papers, but it’s core to their political foundation. Biden has made defending American democracy a cornerstone of his administration, while Trump tried to overturn his election loss in 2020.
The result of the 2024 campaign could reshape not only government policy but the future of the country’s bedrock institutions.
Taxes
Biden’s plans are expensive and he doesn’t want to increase the deficit, so that means he’s looking to raise taxes on the wealthy.
He already has succeeded in implementing a 15% minimum tax on companies with annual income exceeding $1 billion.
Biden has proposed raising the top tax rate to 39.6%, the corporate tax rate to 28% and the stock buyback tax to 4%.
He wants a minimum tax of 25% on the wealthiest Americans, a levy that would be applied not only to income but unrealized capital gains. The idea, which Biden called the “billionaire minimum income tax,” could prove difficult to put in place, not to mention extremely hard to push through Congress.
Social services and health care
Biden’s original signature plan was known as Build Back Better, a cornucopia of proposals that would have dramatically changed the role of the federal government in Americans’ lives.
It was pared down because of resistance from Sen. Joe Manchin, a West Virginia Democrat who is a key vote in the narrowly divided Senate and announced this past week that he will not seek reelection. The result was the Inflation Reduction Act, which included financial incentives for clean energy and limits on prescription drug costs, but not many other programs.
Biden will want to bring back the ideas that were left on the cutting room floor. That includes making two years of community college tuition free, offering universal preschool and limiting the cost of child care to 7% of income for most families.
More work is left on prescription drugs. The monthly cost of insulin was capped at $35 for Medicare recipients. Biden wants the same limit for all patients.
Gun violence
The White House recently announced a new office dedicated to preventing gun violence. Biden also signed legislation that’s intended to help officials keep guns out of the hands of domestic abusers and other dangerous people.
But Biden’s biggest goal, a ban on so-called assault weapons, remains out of reach because of Republican opposition. Such a ban was in place from 1994 to 2004, but it wasn’t extended after it expired. Although the proposal hasn’t been spelled out in detail, it would likely affect popular high-powered weapons such as the AR-15, which can shoot dozens of bullets at a fast pace.
Another item on the wish list is universal background checks.
