Well, joe biden may have just killed free community college in his plans, which we're going to talk about what joe biden just said, but you can still get 41 off on the amazing programs for building your wealth. You get lifetime access to those programs link down below stocks. Psychology of money real estate, you name it check it out. Coupon code expires october, 29th.

Here's basically what joe biden just said at his uh news conference or press conference. He said we rank 13th in the world with our infrastructure and any any country that out educates us will out, compete us. He says uh his two bills: the bill to back a better plan, which is the three and a half trillion dollar social infrastructure plan and the bipartisan infrastructure plan. The heart infrastructure plan, those uh both of these bills, are about competitiveness versus complacency and we need to get them done.

Obviously, hard infrastructure plan includes dealing with things like lead-based paint or lead-based pipes. I'm sorry, roads, bridges, high-speed internet, getting electric school buses instead of diesel school buses, so on and so forth, something that he mentioned. That was a little bit of a surprise. Is he mentioned that he doesn't know if he can get his proposed free community college done? My plan gets us back on track, provides two years of high quality preschool for every child in america.

It also makes investments in higher education by increasing pell grants. I don't know if i can get it done, but i also have proposed this free community college, like you've done here in the state of connecticut, to help students from lower income families attend community college, four-year schools. This is expected to get done under the three and a half trillion dollar buildback, better plan agenda, but we're seeing so much pushback in congress. Right now that it looks like we might not see the free community college get done.

Joe biden does mention that he wants to try to get as much of this three and a half trillion dollar plan done as possible. He recognizes that he's going to end up with less probably something between 1.5 to 2 and a half trillion dollars and mentions that we'll circle back in next year to try to get more we're not going to get 3.5 trillion dollars we'll get less than that. But we're going to get it and we're going to come back and get the rest he's confident that he's going to be able to get all of it but thinks that coming back next year before the 2022 midterm elections might be the way to do it. There are a lot of folks skeptical on that, though, there are even now suggestions that potentially democrats are going to go for very short-term extensions of things like the child tax care credit, which is something that joe biden here talked about about how, in the next two Months, we're going to see that sort of monthly child tax care credit starting in january, go away.

You get the second half for 2021 on your tax return and then there won't be any monthly anymore for 2022, which they're hoping to renew, but they might not. And so their argument is hey. Maybe if we just do short term extensions. Six months 12 month.

Extensions of certain things, maybe they'll become so popular that it'll be easier to extend them in the future. So this is a way they're trying to get that three and a half trillion dollar package down made it clear again: no gas tax increase, no one making under 400k, we'll see a tax raise with the exception of smokers, though, because their tobacco taxes coming for that Plan mentions that 55 fortune 500 companies paid zero in taxes goes back to talking about them, paying their fair share. One of these examples, of course, is amazon, 24 billion dollar pre-tax profit in 2020, but uh virtually no taxes paid, and some of the reasons for that. Even though their tax returns are private, we're putting together pieces of the puzzle here, some of the reasons for that are things like losses from prior years being carried over tax credits for things like research and development and write-offs for stock options.

So uh now. Obviously, the argument for companies being able to write things off or depreciate their investments and taking these tax benefits is that maybe companies, if they have these tax benefits, will invest more others say these companies would have invested anyway and so you're, seeing a push for sort Of this minimum tax he's a big fan of pushing pell grants and extending the child tax credit investing in historically black colleges. But again he made it very clear that, even though he wants to get a lot of these things done like getting medicare expansion to the 80 000 folks waiting to qualify for medicare or making sure that they can get vision, dental and hearing care or helping the Average family with two children that spends 26 on child care every year or getting more of our children involved in preschool education, like the fact that right now, we've only got about half of our three and four-year-olds enrolled in education, whereas in germany, france and the uk They're at about 90 enrolled, so he talks about some of these priorities but mentions that he's really going to break up his game plan over the next two years. Where what you're going to see is uh, some sort of probably one and a half to two and a half trillion dollar package now and then a second piece later and he's not sure.

If he's going to be able to get that free college included at all. At least based on what he mentioned in this interview here, it is uh, or i should say this was a campaign promise of his to get free community college, and so this is obviously uh. This would be a setback to his promises. If he's not able to get free community college, as especially as we're seeing a lot of pushback for his three and a half trillion dollar infrastructure plan, so that gives you an update, uh in terms of what the heck joe biden just said.

Thank you very much for watching and folks, we'll see you in the next one thanks again, bye.