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In a 50-50 Senate to pass president Biden's $3.6 trillion Families and Workers plan requires the vote of Kyrsten Simema, Democrat of Arizona. Simema is the lone holdout in the plan to raise $540 billion by increasing corporate tax rates to pay for part of the plan. Tax rate increases on capital gains would raise nearly $300 billion. A law passed by president Trump lowered corporate tax rates to 21% which would go up to 26.5% under the Biden plan. The top individual rate lowered to 37% would go up to 39.6% and capital gains rate from 23.8% to 28.8% under the Biden plan. Democrats say these new rates are fair considering how much wealth distribution is skewed and how much workers and families have failed to benefit in the policies pursued by different administrations since Reagan, through Bush, Clinton, Obama and Trump.

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The WSJ of August 24 has flaws in that no questions were asked on wages and benefits for workers and climate change. About 73% of voters see Mr. Biden's age as a factor. Voters have not grasped Biden's vision for America. A Trump 10% margin for vision and record of accomplishments is unusual considering it is Mr. Biden who is making the changes on climate change, wages and income, infrastructure building with trillions of dollars of funding. The poll itself has issues because it was done by a Republican poster who is working for the Trump campaign and does not have questions on climate change or wages and benefits of workers. President Biden does well on infrastructure, on jobs, and the effects of inflation are being tackled by increase in wages and benefits supported by Biden.

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The 2016 primaries with Sanders and Trump have brought to the forefront voter dissatisfaction with the agenda of both parties, especially so for Republicans with the lack of specifics and personality driven campaign of frontrunner Trump. On a whole host of issues from poverty, wages and inequality, regulatory reform, to trade, borders, security, ISIS, both parties are facing questions from voters. Particularly the Republicans who have lacked specifics during the two terms of the Democratic Obama administration with a divided Republican Congress, and the risks for Republicans running for Congress under frontrunners Trump or Cruz who have provided few details on their agenda. The Agenda project of Ryan will have about 25 meetings and prepared specific agenda, including white papers and legislation, that would give Republicans hope to run on positive proposals that are placed before the Republican Convention in Cleveland. Chairmen of House standing committees were assigned 6 areas- health care, taxes, national security, regulatory reform, poverty, and Congress reasserting constitutional authority. Ryan told the Ethics and Public Policy Center on April 19, 2016- "A lot of people don't like conservatism as they know it. For too many people Republicans seem to be caught in a time warp. They're thinking, 'We don't control our borders. Wages are going nowhere. College and healthcare keep getting expensive. ISIS continues to spread. And what are Republicans going to do about it?' So we need to adapt our policies to meet the challenges of the 21st century."...

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The U.S. National Security Adviser Jake Sullivan, says that it is imperative that the WHO report on the origins of the virus be "independent" and "free from alteration by the Chinese government." This echoes earlier concerns of the Trump administration and of president Trump who made the decision to quit WHO on this issue.

Sullivan noted that "reengaging with the WHO also means holding it to the highest standards. We have deep concerns about the way in which the early findings of the Covid 19 investigation were communicated, and questions about the process used to reach them."

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Ketanji Jackson is confirmed by the US Senate 53 to 47 as US Supreme Court Justice. She takes the place of Justice Breyer who retires this year. This leaves the Supreme Court at 6 conservatives to 3 liberal members of the court, favoring conservatives following appointments by president Trump.

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Congresswomen presented a small sea of white in the House chamber as 131 Congresswomen dressed in white the color of the women's movement for suffrage, the women's vote, and equal rights. Women wore white vests, capes, jackets and suits. Behind Mr. Trump the Speaker Nancy Pelosi was also dressed in white. Mr. Trump shouted congratulations amid wide applause.

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The Trump administration approves an upgrade package of $620 million for Taiwan's Patriot surface-to-air missiles. Lockheed Martin is providing some of the defense equipment.

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Greg Ip points out in this WSJ analysis that the new NAFTA after negotiations and warnings from Mr. Trump to scrap NAFTA, is not very different from the old NAFTA. Mexico made concessions on auto exports and labor rights, wages. Canada made concessions for the dairy industry. Yet the combined influence of business interests, Canada's lobbying in U.S. Congress and state governments, and the restraint shown by Trump's own advisers prevailed in limiting Mr. Trump's tendencies to go for a "America first" agenda. It shows, says Ip, that there is resilience in the existing order.  It also shows what future trade negotiations with the European Union and Japan over steel and autos could look like. President Trump will continue to face resistance within from his advisers and from exporters, business, Congress, on following an exclusively "America First" agenda. President Trump will need to extol NAFTA in its current version the USMCA, U.S. Mexico Canada Agreement, to get it through the U.S. Congress in 2019.   Mexico's main concessions on autos were to agree to potential tariffs if exports exceed 2.6 million vehicles.  This keeps Mexico's status as a major auto export hub intact. Auto experts say VW and Mazda may simply pay the tariff of 2.5% for lower priced models assembled in Mexico that do not qualify for duty free entry instead of shifting production to the U.S. Current shipments from Mexico are not affected as U.S. demand is weak. Labor rights and higher wages in Mexico's auto industry are a win-win for Mexico and the U.S.. They are supported by the socialist administration of newly elected Mexican president Obrador. Canada's main concession was to expand U.S. access to Canada's protected dairy industry, with Canada already prepared to make the concession. Mr. Trump had also to consider the possibility that excluding Canada from the USMCA would have not passed Congress, and face even more resistance in a Democratic controlled Congress after 2019 elections.  The support Canada has received in Congress does not extend to China, which gets much less support in Congress, leading to higher uncertainty in the negotiations with China and possibly different outcome with the size of the trade imbalance of $1 billion a day factored in.   ...

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A look by FR24 at the 5 years of Macron in office and some of the efforts that floundered such as the effort to work with Trump and Putin.

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This opinion in DW.com says Donald Trump has done exactly the opposite of what he said during the election campaign when he was severely critical of China on trade issues. This report cites the many statements in some detail made by Trump about China. During a recent visit to China he says president Trump seemed to go out of his way to show agreement with president Jinping, quite the reverse of what he said he would do during the election campaign. U.S. influence and prestige is seen as declining as a result of president Trump's policies.

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Following the Nuclear Security Summit in March 2016, U.S. president Obama says world leaders had expressed concern about Mr. Trump's comments in private conversations with him. Obama said- "even those countries that are used to a carnival atmosphere in their own politics want sobriety and clarity when it comes to U.S. elections because they understand that the president of the United States needs to know what's going on around the world." Obama said that comments by Mr. Trump showed a person "who doesn't know much about foreign policy or nuclear policy or the Korean Peninsula or the world generally. Mr. Trump said in a NYT interview that "Now, wouldn't you in a certain sense have Japan have nuclear weapons when North Korea has nuclear weapons?" Trump has defended these comments in a televised townhall meeting held by CNN in Milwaukee. Obama was critical of these comments as upsetting the situation in Asia where the U.S. has made great sacrifices in World War II, and today "underwrites the peace and prosperity of that region." Adding that "you don't mess with that."...

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Fears that a US Supreme Court with many Trump appointed judges could further upset women's rights after the SC's decision not to uphold women's right to abortion, lead to passing a bill in the US Congress that protects women's right to contraception.

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The U.S. tones down expectations of results in trade negotiations with China. President Trump says China may be thinking, "lets wait 13, 14, 15 months till the election." With the U.S. presidential election coming up China may be looking at the prospect of negotiating with someone from other parties.

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What harm will one ton of carbon dioxide pollution cause to the planet? Under Obama administration $50, under Trump administration $5, under Biden administration $200.  Mr. Revesz asks the obvious question others forgot to ask- how does this regulation or change affect future generations, what problems children and grand children won't face because of this action? The man who heads OIRA is given the task of doing the cost benefit analysis for billions of dollars of US government projects designed to fight climate change. Because of its looming importance Mr. Revesz of NY University School of Law was brought right into OIRA in the White House instead of the EPA. The Office of Information and Regulatory Affairs (OIRA) is located right in the White House. It is the gatekeeper and final word on new federal regulations on climate change. Astounding as it may sound, during the Obama and Trump administrations no effort was made to track the cost of climate change for future generations. Mr. Revesz is changing that. As a result of his efforts at NYU School of Law and in assisting attorneys general in the Trump administration, and now at the Whit House he is changing the way the world looks at climate change action. He shows how the EPA new rules on tailpipe emissions will promote electric cars. The benefits exceed $1 trillion from the shift and this will show that it exceeds the cost of the fossil fuel companies and the US economy making the changes required. ...

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After a decade of austerity and the financial crisis of overextended banks, the deep recession starting in 2009, and worsening inequality with lack of infrastructure development, Britain finally shifts to larger government spending. The spending planned by Labour and Conservative parties in Britain charts a different future for health, education and infrastructure development from that of the last decade. The public supports this. Conservatives plan $128 billion of new spending, Labour party plans to spend even more. This comes after centre right parties such as the Republicans under Mr. Trump in the U.S. shifted to heavy spending on infrastructure. The Democrats under Obama failed to push for higher spending in traditional working class areas leaving open a gap that Mr. Trump has since used to attract working class Democrats to his side. In Britain Labour under Corbyn has pushed for larger spending on infrastructure, health and education. This is setting a new trend. This report in the WSJ shows that in this situation it is new politicians who replaced earlier politicians in their parties- Mr. Trump displacing Bush, Johnson displacing Cameron and May, Corbyn and McDonnell displacing Blair and Brown, that are initiating thsi trend. The experts at the IMF and the central banks are only now beginning to say this is a good idea. For a decade the mantra of economic experts at these central banks was in favor of austerity, even in the face of massive misallocation in capital markets.   ...

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Mr. Trump's chaotic exit from the White House is at the center of the search for classified documents by the Justice Department, says this report in WSJ.

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Henrik Bohme says not just Putin is responsible for the situation Germany faces of a cutoff of supplies of gas from Russia if the Nordstream pipeline never comes back on after maintenance. Bohme says that in September 2018 at the UN  General Assembly Donald Trump told Germany to look in the mirror, saying that Germany would become completely dependent on Russian energy if it did not change course immediately. In return Trump only got laughter and head shaking from the German delegation says Bohme. Over that period the response was the same from Merkel and the CDU - a smugness and condescending attitude to the US. When the US imposed sanctions on Nordstream 2 Germans suspected a backhanded trick to get Germany to buy dirty fracked gas. Today it is buying the same fracked gas from the US and asking for more. It is similar to the situation for coal as coal is being brought from Colombia.