All Aboard! Biden to Help Amtrak Mark 50 Years on the Rails

President Joe Biden, when a customary Amtrak rider, is set on Friday to help the country’s traveler rail framework commend 50 years of administration.

As a U.S. representative, Biden was an apparatus on Amtrak trains between his home in Wilmington, Delaware, and Washington, D.C., when the Senate was in meeting. He kept riding Amtrak as VP. He has once in a while been alluded to as “Amtrak Joe.”

In any case, with an official train trip far-fetched in light of safety concerns, Biden rather will travel to Philadelphia for Amtrak’s festival at its bustling 30th Street Station. He is to be presented by a conductor who worked the course when Biden was a normal traveler, while the up and coming age of Amtrak’s rapid Acela train, booked to enter administration one year from now, will be in plain view.

“He thought pretty much everyone that worked in the station and the conductors and others and Amtrak people who were on the train for those many, numerous years that he rode the rail,” Amtrak CEO Bill Flynn said of the president.

“He routinely drew in with them and knew a considerable amount about them, and I imagine that is the reason he was restless or able to be essential for our 50th commemoration,” Flynn said.

Biden’s appearance in Philadelphia, his third visit to Pennsylvania while in office, comes as he denotes his initial 100 days as president. It additionally follows his discourse to Congress on Wednesday, when he laid out his $2.3 trillion positions and framework plan and reviewed some $1.8 trillion in proposed spending on training, youngster care and other family needs.

The Amtrak gathering will be Biden’s most recent stop in a post-discourse visit to sell the foundation, occupations and families plans. He battled in Atlanta on Thursday and plans a stop in Yorktown, Virginia, on Monday.

The framework proposition would commit $621 billion to improving streets, spans, public travel and other transportation foundation. Of that, $80 billion would go toward handling Amtrak’s maintenance overabundance, improving help along the Northeast Corridor and growing assistance across the U.S.

Amtrak said after Biden declared the arrangement that the organization would redesign and extend administration, including by adding 30 new courses and including trains 20 existing courses across the U.S. by 2035. New help would start in segments of upper east Pennsylvania including Scranton, where Biden was conceived, just as Nashville, Tennessee; Columbus, Ohio; Phoenix; Las Vegas; Houston; Dallas; and Austin, Texas, whenever endorsed by Congress.

However, while the $80 billion addresses a huge speculation, the cash would not go far regarding financing high velocity rail. Amtrak has assessed that it has a $31 billion fix accumulation for its trains in the Northeast Corridor alone, and transportation experts say adding new lines in that district could without much of a stretch go through the assets that remain.…

Officials in Switzerland Push Back at Biden ‘Tax Haven’ Barb

Swiss authorities are taking issue with U.S. President Joe Biden’s comment that many companies use Switzerland, and two other territories, as tax havens, with the Swiss Federal Department of Finance calling such a claim “inappropriate and completely out of date.”

The pushback reported in Swiss media on Friday comes after Biden said in his speech to Congress on Wednesday that “a lot of companies also evade taxes through tax havens in Switzerland and Bermuda and the Cayman Islands” — part of his call for the rich and corporations to pay their fair share of tax.

“Switzerland considers this highlighting of Switzerland as a tax haven by the USA as inappropriate and completely out of date,” said spokeswoman Isabelle Roesch of the Swiss finance department in an email. “Switzerland meets all international standards in tax matters.”

Switzerland long had a reputation as a haven for tax dodgers to squirrel away their money to avoid fiscal authorities abroad. But Swiss authorities have been at pains to try to change the country’s image.

Roesch said “international bodies” have since 2019 repeatedly affirmed that Switzerland fulfills all international tax standards, including on country-by-country reporting and information exchange. She said a Swiss tax reform that year abolished “all tax models criticized by the OECD” group of rich countries.

“The OECD has confirmed this in writing to Switzerland in 2020,” Roesch added. “We reported this to the U.S. Treasury last week, as this is not the first time the new administration has made these statements.”

She said Finance Minister Ueli Maurer would let U.S. Treasury Secretary Janet Yellen know the information “at the earliest opportunity.”

While Biden called out offshore tax havens, anti-corruption campaigners say the U.S. should also scrutinize rules that help evaders closer to home.

The London-based Tax Justice Network last year named the United States as the second-biggest enabler of financial secrecy worldwide, after the Cayman Islands and ahead of Switzerland.

Delaware, the state that Biden represented in the Senate for 36 years, has an international reputation for helping companies and wealthy individuals hide the true beneficiaries of anonymous shell companies registered there.