Americans are clamoring for bold changes to our politics and our economy. They feel, rightfully, that both systems are rigged against them, and they made that clear in last year’s election. American families deserve a better deal so that this country works for everyone again, not just the elites and special interests. Today, Democrats will start presenting that better deal to the American people.This new deal is better than nothing. Barely!
There used to be a basic bargain in this country that if you worked hard and played by the rules, you could own a home, afford a car, put your kids through college and take a modest vacation every year while putting enough away for a comfortable retirement. In the second half of the 20th century, millions of Americans achieved this solid middle-class lifestyle. I should know — I grew up in that America.
But things have changed.
Today’s working Americans and the young are justified in having greater doubts about the future than any generation since the Depression. Americans believe they’re getting a raw deal from both the economic and political systems in our country. And they are right. The wealthiest special interests can spend an unlimited, undisclosed amount of money to influence elections and protect their special deals in Washington. As a result, our system favors short-term gains for shareholders instead of long-term benefits for workers.
And for far too long, government has gone along, tilting the economic playing field in favor of the wealthy and powerful while putting new burdens on the backs of hard-working Americans.
Democrats have too often hesitated from taking on those misguided policies directly and unflinchingly — so much so that many Americans don’t know what we stand for. Not after today. Democrats will show the country that we’re the party on the side of working people — and that we stand for three simple things.
First, we’re going to increase people’s pay. Second, we’re going to reduce their everyday expenses. And third, we’re going to provide workers with the tools they need for the 21st-century economy.
Over the next several months, Democrats will lay out a series of policies that, if enacted, will make these three things a reality. We’ve already proposed creating jobs with a $1 trillion infrastructure plan; increasing workers’ incomes by lifting the minimum wage to $15; and lowering household costs by providing paid family and sick leave.
On Monday we are announcing three new policies to advance our goals.
Right now, there is nothing to stop vulture capitalists from egregiously raising the price of lifesaving drugs without justification. We’re going to fight for rules to stop prescription drug price gouging and demand that drug companies justify price increases to the public. And we’re going to push for empowering Medicare to negotiate lower drug prices for older Americans.
Right now our antitrust laws are designed to allow huge corporations to merge, padding the pockets of investors but sending costs skyrocketing for everything from cable bills and airline tickets to food and health care. We are going to fight to allow regulators to break up big companies if they’re hurting consumers and to make it harder for companies to merge if it reduces competition.
Right now millions of unemployed or underemployed people, particularly those without a college degree, could be brought back into the labor force or retrained to secure full-time, higher-paying work. We propose giving employers, particularly small businesses, a large tax credit to train workers for unfilled jobs. This will have particular resonance in smaller cities and rural areas, which have experienced an exodus of young people who aren’t trained for the jobs in those areas.
In the coming months, we’ll offer additional ideas, from rebuilding rural America to fundamentally changing our trade laws to benefit workers, not multinational corporations.
We are in the minority in both houses of Congress; we cannot promise anyone that this Congress will begin passing our priorities tomorrow. But we have to start raising our voices to present our vision for the country’s future. We will seek the support of any Republicans willing to work with us, but more important, we must start rallying the American people to support our ideas.
In the last two elections, Democrats, including in the Senate, failed to articulate a strong, bold economic program for the middle class and those working hard to get there. We also failed to communicate our values to show that we were on the side of working people, not the special interests. We will not repeat the same mistake. This is the start of a new vision for the party, one strongly supported by House and Senate Democrats.
Our better deal is not about expanding the government, or moving our party in one direction or another along the political spectrum. Nor is it about tearing down government agencies that work, that effectively protect consumers and promote the health and well-being of the country. It’s about reorienting government to work on behalf of people and families.
Americans from every corner of this country know that the economy isn’t working for them the way that it should, and they wonder if it ever will again. One party says the answer is that special interests should continue to write the rules and that government ought to make things easier for an already-favored few.
Democrats will offer a better deal.