Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Joe Biden

On the Relationship Between Infrastructure Spending and Corporation Tax

The Biden administration has come out with a $2 trillion infrastructure plan. The United States is very behind on infrastructure spending–according to the American Society of Civil Engineers, the US faces a $2.59 trillion infrastructure shortfall over the next 10 years. Biden’s bill isn’t large enough to fill that gap, and a significant percentage of its spending is for other purposes. $400 billion is slated to go to nursing home services, a pressing need in its own right, but not one of the needs which the ASCE tracks in its reports. If you add it up, it looks like roughly half the Biden bill’s spending directly addresses the needs identified by our civil engineers, while the other half funds other projects. There’s nothing inherently wrong with this–it’s very normal for politicians to attach pet programs to popular bills that meet essential needs, and many of Biden’s pet projects have value. But it does mean that this bill’s infrastructure spending is less substantial than it initially appears. It will still leave us with a significant infrastructure shortfall. The more interesting issue–and the one I wish to discuss at some length–is the decision to pair this infrastructure bill with an increase in the marginal corporation tax rate.

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An Argument with Nathan Robinson about Whether the Left Should Support Joe Biden in the General Election

Nathan Robinson and I have written two very different pieces about whether the left should support Joe Biden in the general election. We got together to debate the issue, and our discussion is now available to you on YouTube:

Here’s my piece: https://benjaminstudebaker.com/2020/08/31/the-left-case-against-supporting-joe-biden-in-the-general-election/

Here’s his piece: https://www.currentaffairs.org/2020/08/an-ineffectual-biden-presidency-is-better-for-the-left-than-an-actively-authoritarian-trump-presidency

The Left Case Against Supporting Joe Biden in the General Election

At the Democratic Convention, Bernie Sanders argued that the left should hold its nose and vote for Joe Biden:

The future of our democracy is at stake. The future of our economy is at stake. The future of our planet is at stake. We must come together to defeat Donald Trump and elect Joe Biden and Kamala Harris as president and vice president. My friends, the price of failure is just too great to imagine.

My friend Nathan Robinson, at Current Affairs, made a similar argument, claiming that this is our “last chance” to stop Donald Trump, and that we will be “fighting for our lives against an aspiring dictator” if he wins.

This is a grave mistake. Trump, for all his faults, poses no existential threat to the republic. What’s more, Sanders and Robinson are deeply underestimating the damage a Biden presidency will cause. The Republican Party has become what it is because of Democrats like Joe Biden. These Democrats are pushing the Republican Party further and further right, and a Biden presidency will make the Republican Party even more dangerous going forward. Let me show you how it works.

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These Executive Orders Make No Sense

After weeks of failed negotiations between the House and the Senate, the President is attempting to provide additional stimulus through executive action. The orders are probably unconstitutional–all money bills must begin in the House of Representatives, per the “origination clause”. They will be challenged in the courts, and I doubt they come into force. That said, if the President had ordered a strong aid package, I would be willing to consider supporting a challenge to congress’ spending authority. Congress has neglected its duty to protect Americans from the economic consequences of our anti-coronavirus policies. The scale of the disaster is so immense that I would support trying anything that might help tens of millions of unemployed people stay in their homes and put food on the table. When wealthy senators sit on their hands and deny ordinary people the means of subsistence because they feel offering aid might diminish their “incentive” to take jobs that pay less than $600 a week, they get no sympathy from me.

Unfortunately, I don’t get to make a provocative argument that the President is justified in running over congress, because this President has taken action that doesn’t make any sense.

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A Left Critique of the Current Protests

There are a number of problems with the strategy of the current protest movement. No one seems to be writing about these problems. This is not to say that no one can see them. Many folks have reservations, but stay silent in the hope that the protests will succeed. Others see the problems but fear that pointing them out will attract hostility from fanatics on the internet. The problem is that the strategy is not just sub-optimal–it is counterproductive. It is going to blow up in our faces, and the sooner we face up to that, the better. Here’s why.

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