Biden Sets Plans for Infrastructure Law, Fighting Inflation - Transport Topics Online
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President Joe Biden in his first State of the Union address stressed a long-term vision for the $1 trillion infrastructure bill he signed last year, and discussed domestic and international priorities his administration is targeting.
“America used to have the best roads, bridges, and airports on Earth,” the president said March 1 from the U.S. House chamber. “That’s why it was so important to pass the bipartisan infrastructure law — the most sweeping investment to rebuild America in history.”
Biden enacted the Infrastructure Investment and Jobs Act on Nov. 15,
“We’re done talking about infrastructure weeks. We’re going to have an infrastructure decade,” the president continued, referring back to earlier annual events that focused on infrastructure needs. Biden noted that the law also is designed to support programs that create 500,000 electric vehicle charging stations, as well as modernize drinking water systems.
“It is going to transform America and put us on a path to win the economic competition of the 21st century that we face with the rest of the world — particularly with China,” he said.
President Biden will travel to Superior, Wisconsin, today, home to the "deteriorated" Blatnik Bridge, which connects the city to neighboring Duluth, Minnesota, and is "nearing the end of its usable life," the White House says https://t.co/iLgAydHNwf
— CNN Politics (@CNNPolitics) March 2, 2022
Biden also focused attention on a plan for tackling inflation by lowering costs for working families and the middle class.
His proposal, he explained, partly consists of reducing energy costs by addressing climate change concerns, providing tax credits for weatherizing houses and businesses, and boosting clean energy production.
“I have a better plan to fight inflation. Lower your costs, not your wages,” said Biden, pointing to a supply chain-centric measure that would enhance domestic manufacturing of semiconductors. “My plan to fight inflation will lower your costs and lower the deficit. Seventeen Nobel laureates in economics say my plan will ease long-term inflationary pressures.”
Host Michael Freeze discusses cleaner emissions and the GHG Phase 2 rule with Taki Darakos of Pitt Ohio and Dustin Smith at Wabash. Hear a snippet above, and get the full program by going to RoadSigns.TTNews.com.
Biden’s most recent attempt at tackling climate change was his “Build Back Better” social infrastructure budget, which was championed by Democratic leaders. The nearly $2 trillion House-passed Build Back Better Act would promote social safety net programs. The budget plan, however, stalled in the Senate amid pushback from Republicans and a few Democrats. Critics cited inflation concerns.
Early in the address, Biden discussed the war in Ukraine and U.S. support for that country, his Supreme Court nominee, health care relief programs, the COVID-19 pandemic and immigration reform.
Delivering the Republican response to Biden’s address was Gov. Kim Reynolds of Iowa, who focused on foreign policy and inflation.
“The president and Democrats in Congress have spent the last year either ignoring the issues facing Americans or making them worse. They were warned that spending trillions would lead to soaring inflation. They were told their anti-energy policies would send gas prices to new heights,” said Reynolds. “You don’t have to check groceries to see what high inflation does to people. You just need to step outside the D.C. bubble. Talk to Americans about what’s on their mind. Ask them: ‘What are your concerns? What keeps you up at night?’”
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source: https://www.ttnews.com/articles/biden-sets-plans-infrastructure-law-fighting-inflation
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