Page 2 - aruba-today-20220725
P. 2

A2   UP FRONT
                       Monday 25 July 2022
             Biden's global promises held back by politics at home



            By  CHRIS  MEGERIAN,  FATI-                                                            more  to  address  challeng-  the deal among 130 coun-
            MA  HUSSEIN  and  ELLEN                                                                es that span borders when  tries.
            KNICKMEYER                                                                             he's struggling to deliver on  "Reaching  this  consensus
            Associated Press                                                                       those same issues at home.   wasn't  easy,"  Biden  said
            WASHINGTON (AP) — Soon                                                                 "Every  new  thing  takes  a  when  the  agreement  was
            after  taking  office,  Presi-                                                         little  bit  of  the  luster  off,  announced  just  over  a
            dent  Joe  Biden  went  to                                                             and contributes to a sense  year ago. "It took American
            State  Department  head-                                                               of  a  struggling  president,"  vision, as well as a commit-
            quarters  to  tell  the  rest  of                                                      said Michael O'Hanlon, the  ment to closely cooperate
            the  world  that  the  United                                                          Brookings  Institution  direc-  with  our  partners  around
            States  could  be  counted                                                             tor  of  research  for  foreign  the  world.  It's  a  testament
            on again after four years of                                                           policy.  Biden  has  earned  to how leadership rooted in
            Donald  Trump's  bull-in-the-                                                          respect   for   marshaling  our  values  can  deliver  im-
            china-shop foreign policy.                                                             an  international  response  portant progress for families
            "America  is  back,"  Biden                                                            to  the  Russian  invasion  of  everywhere."
            said,  in  what  has  become   President  Joe  Biden  leaves  after  speaking  about  Intel's  an-  Ukraine,  and  the  U.S.  has  He  acknowledged  that
                                         nouncement  to  invest  in  an  Ohio  chip  making  facility,  at  the
            a mantra.                    South Court Auditorium in the Eisenhower Executive Office Build-  shipped  more  coronavirus  "building on this agreement
            But  keeping  his  promises   ing on the White House Campus in Washington, Jan. 21, 2022.   vaccines around the world  will  also  require  us  to  take
            on  the  international  stage                                         Associated Press   than any other country.    action  here  at  home"  —
            has  proved  much  more                                                                Adrienne Watson, a spokes-   and  now  it  looks  like  that
            difficult  than  Biden  might  pandemic relief, undermin-  tion  straining  to  maintain  person for the National Se-  action may not happen.
            have  expected.  Domes-      ing hopes that Biden could  its  credibility  abroad  while  curity  Council,  said  Biden  Biden wanted Congress to
            tic  politics  have  routinely  swiftly  restore  the  U.S.  to  Biden  fights  a  rearguard  "has restored our alliances,  pass a proposal that would
            been a roadblock when it  its  unquestioned  role  as  a  action  on  Capitol  Hill.  It's  including our essential part-  allow  the  U.S.  to  impose
            comes to taking action on  global leader.                 simply  more  difficult  to  nership  with  Europe,  built  extra  taxes  on  companies
            climate change, taxes and  The  result  is  an  administra-  press other countries to do  new  platforms  and  institu-  that  aren't  paying  at  least
                                                                                                   tions  in  some  of  the  most  15%, either domestically or
                                                                                                   relevant  regions  of  the  abroad.
                                                                                                   world,"  including  the  Indo-  But  Manchin  objected  to
                                                                                                   Pacific, and shown leader-   tax  changes  in  the  legisla-
                                                                                                   ship on "the issues that mat-  tion  that's  currently  under
                                                                                                   ter the most."               consideration,
                                                                                                   But his foreign policy record  Administration officials said
                                                                                                   is much more mixed when  they are not giving up on a
                                                                                                   he needs to secure support  plan  that  they  said  would
                                                                                                   in Congress.                 "level  the  playing  field  for
                                                                                                   Although  he  has  secured  U.S.  businesses,  decrease
                                                                                                   close to $54 billion in military  incentives to move jobs off-
                                                                                                   and financial assistance for  shore  and  close  loopholes
                                                                                                   Ukraine — something Wat-     that   corporations   have
                                                                                                   son described as a historic  used  to  shift  profits  over-
                                                                                                   amount delivered with "un-   seas."
                                                                                                   precedented speed" — Re-     "It's  too  important  for  our
                                                                                                   publicans remain uniformly  economic  strength  and
                                                                                                   opposed  to  many  of  his  competitiveness  to  not  fi-
                                                                                                   initiatives,  and  Biden  has  nalize this agreement, and
                                                                                                   been  hobbled  because  we'll continue to look at ev-
                                                                                                   of  disagreements  among  ery avenue possible to get
                                                                                                   Democrats.                   it done," said Michael Kiku-
                                                                                                   The  latest  problem  has  kawa,  a  Treasury  Depart-
                                                                                                   been the breakdown of on-    ment spokesman.
                                                                                                   and-off  negotiations  with  But pushing ahead with the
                                                                                                   Sen.  Joe  Manchin,  D-W.    original deal will likely prove
                                                                                                   Va., who pulled his support  difficult  at  this  point,  said
                                                                                                   for a potential compromise  Chye-Ching Huang, execu-
                                                                                                   on legislation to address cli-  tive director of the Tax Law
                                                                                                   mate  change  and  create  Center at the New York Uni-
                                                                                                   a global minimum tax.        versity School of Law.
                                                                                                   On  both  issues,  Biden  had  "It's  no  doubt  that  this  re-
                                                                                                   already   made    pledges  duces the momentum," she
                                                                                                   or  reached  an  interna-    said.  She  added:  "There  is
                                                                                                   tional  agreement,  but  the  a strong possibility that the
                                                                                                   U.S.  commitment  is  now  in  major  trading  partners  do
                                                                                                   doubt.                       this without the U.S. but the
                                                                                                   The  global  minimum  tax  is  path forward is rockier."
                                                                                                   aimed at making it harder  Manchin has also been an
                                                                                                   for  companies  to  dodge  obstacle for Biden's climate
                                                                                                   taxes by moving from coun-   change plans, a reflection
                                                                                                   try  to  country  in  search  of  of his outsize influence at a
                                                                                                   lower rates. Treasury Secre-  time when Democrats hold
                                                                                                   tary Janet Yellen played a  the narrowest of margins in
                                                                                                   leading role in negotiating  the Senate.q
   1   2   3   4   5   6   7