President JoeBiden called on Congress to pass a pair of bills that are being worked out between the House and the Senate, saying they will create good-paying jobs and boost domestic manufacturing, which is a key issue with Midwestern voters.
Biden was speaking in Hamilton, Ohio. The onetime battleground state has trended Republican in recent years, and the GOP is trying to hold on to a Senate seat there this year."Along with the innovation bill in front of Congress, all of this is going to address what is on everyone’s minds — fighting inflation, getting prices down,” Biden said.
House Minority Leader Kevin McCarthy rebranded the House bill the"America Concedes Act," and talk from the GOP indicates its senior members are ready with knives in hand to trim the fat from the bill. “The private sector has told us they can’t do it alone,” Biden said, adding that 2% of America's GDP used to be invested in research and development, a figure that has dropped below 1%. “I’m a capitalist. I’m here and I believe in the free market. But I believe in a federal government’s obligation to invest in America itself, invest in American workers. We’re at risk of falling behind.”
Weakened supply chains and a lack of semiconductor chips from Asia have led to high inflation, Biden argued, saying the bill can ease inflationary pressure while reviving American manufacturing. The United States used to produce 40% of the world's semiconductors but now barely manages 10%, he has said previously.
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