Following the promising job report that was given to the President last week, President Biden delivered remarks on the state of America’s job market and infrastructure as well as his Build Back Better Agenda on Wednesday afternoon.
There were 943,000 jobs created in July, “the seventh largest month of job creation in US history, making the administration the first ever to add 4 million jobs in the first six months in office,” Biden said.
“And then in the past 24 hours, we’ve seen the Senate advance two key pieces of my economic agenda, the bipartisan infrastructure bill and the budget resolution that is the framework for my Build Back Better plan.”
The President continued to speak about his economic plans for the nation and how we have already come so far following an economic shutdown due to the pandemic.
He talked about the American Rescue Plan, whose goal is to help families who are currently struggling financially. He said, “On Friday, about 40 million families will receive their second monthly payment.” He continued, “The money is a game changer. And so, I would argue, for some, it’s really a lifesaver.”
He also explained that he has convinced Congress to be on his side in terms of economics and infrastructure. He stated, “And that’s why I am glad that early this morning, Congress took an important step to make sure that this tax cut for families with children does not expire next year. So let’s keep this tax cut going and not raise taxes on middle class families.”
This seemed to be a major message in his remarks. He wanted to inform Americans that government financial help is on the way and middle class families do not have to worry about a raise in taxes or other expenditures. The government will be giving them assistance with their children and other problems as the nation struggles during the pandemic.
Regarding infrastructure and the increased shipping traffic in places such as the ports of Los Angeles and Long Beach, Biden’s administration will “bring together port operators, shipping lines, labor unions, trucking companies, railroads, and others to speed up the port’s operations.”
Another way Biden is helping American families is by targeting companies and “major players” who are raising their prices on everyday items. “My executive order opens up competition in the agricultural business, gives more farmers a chance to compete, which will give Americans more food choices at lower cost.”
The Administration is also targeting gas prices and making sure they stay affordable and that there are no gas tax increases.
“I want to make sure that nothing stands in the way of oil prices declines, leading to lower prices for consumers,” he said. His administration and advisors will “use every available tool to monitor gasoline market and address any illegal conduct that might be contributing to price increases of the pump, while the cost of barrel oil is going down.”
He continued to talk about his economic plans and how they relate to various American problems and struggles, such as healthcare, child care, drug cost, education, housing, and more.
“The American Rescue Plan allowed us to cover more people at lower premiums and lower premiums by an average of 40% and in my Build Back Better plan, we want to build on that progress.”
He ended his remarks by pointing out the nation’s $8 trillion in debt and the only real solution being to tax the rich. “The investments I proposed will be fully paid for, over the long term, by having the largest corporations, including 55 corporations that paid zero federal tax last year, and the super wealthy, begin to pay their fair share.”
His plan will “reduce our national debt, improve our fiscal position over the long run. My Build Back Better Agenda is fiscally responsible, a fiscally responsible way to reduce the cost for families.”