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President Biden Delivers Remarks on Investing in America

YouTube White House.gov Original article ›
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President Biden tells an audience of workers that he sees the world through the eyes of Scranton and the working people he grew up with, and through the eyes of workers like those in the audience. He tells a audience of union workers that he is bringing manufacturing back, and doing this with investments of billions of dollars that never happened under previous administrations for a generation of Americans.

Some highlights from his speech-

Biden is investing trillions of dollars in American infrastructure, manufacturing and advanced technology and at the same time cutting the deficit by 1.4 trillion dollars

The Republican plan of spending cuts being voted in by the House of Representatives will according to Moody's lead to a loss of 780,000 jobs in the US.

Forty of the 500 largest corporations in the US paid zero taxes. About $200 billion dollars in profits of corporations are to be taxed at just 15%- lower than what working families pay- to fund much needed investment in America. There are 1000 billionaires in America compared to 700 before the pandemic, and they pay 8% in taxes. President Biden says under his watch no corporation or billionaire should pay less in percentage of income taxes than union workers in the audience. 

 



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