Biden unveils $1.7 trillion climate plan, paid for by reversing Trump corporate tax cuts

The plan pushes for net-zero emissions by 2050, paid for by repealing tax cuts.

CNBC reports:

Former Vice President Joe Biden unveiled a plan Tuesday to put $1.7 trillion into clean energy research and infrastructure overhauls, funded by rolling back Republican corporate tax cuts.

The 2020 Democratic presidential candidate aims to use that federal investment to spur more than $5 trillion in state, local and private money for measures to address climate change, his campaign said. Biden would push for net-zero emissions by 2050, reenter the Paris climate accords and ban new oil and gas permits on public lands and waters.

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Biden’s plan would reinstate Obama administration rules rolled back by the Trump administration, such as car fuel economy standards and methane emissions regulations. It would also boost mechanisms to crack down on polluting companies, which the Biden campaign said “disproportionately harm communities of color and low-income communities.”

The former vice president’s campaign said it will fund clean energy research “by reversing the excesses of the Trump tax cuts for corporations, reducing incentives for tax havens, evasion and outsourcing, ensuring corporations pay their fair share, closing other loopholes in our tax code that reward work not wealth, and ending subsidies for fossil fuels.”

Democratic presidential candidates have said they would reverse parts of the 2017 GOP tax cuts to fund projects from infrastructure overhauls to child care and savings accounts for newborn children.

Fox News has more about the plan:

Former Vice President Joe Biden is coming under fire over fresh plagiarism allegations after his presidential campaign was forced to update its climate platform amid complaints that the team lifted lines from at least five outside sources without proper credit.

Republicans reacted by accusing Biden of the same offense that famously hampered his 1988 presidential campaign.

President Trump, tweeting from Europe, drew attention to the story Wednesday and called it a “big problem.”

“Plagiarism charge against Sleepy Joe Biden on his ridiculous Climate Change Plan is a big problem, but the Corrupt Media will save him,” Trump said.

The Republican National Committee sought to portray Biden as a serial plagiarist.

“This is not Joe Biden's first brush with plagiarism,” said the RNC’s Steve Guest. “During his 1988 campaign, Biden plagiarized campaign speeches from British Labour Party leader Neil Kinnock as well as Robert Kennedy. During law school, Biden plagiarized, too.”

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