A big boost for computer chips. A historic prescription drug bill. Protecting same-sex marriage. Suddenly Biden is on the cusp of a series of wins in Congress.
that letting the government negotiate with drug companies to get a lower price on Medicare prescription drugs should be an “important priority” or a “top priority” for Congress.The semiconductor bill would also provide tens of billions of dollars for the National Science Foundation and regional tech start-ups. Semiconductors are vital to an array of technological products, and China has been investing billions to make itself the leader in the field.
Since then, he has dealt with record inflation, a baby formula shortage, numerous mass shootings, increasingly transmissible coronavirus variants, Russia’s invasion of Ukraine and a highly conservative Supreme Court that overturned the constitutional right to abortion, curbed the power of the Environmental Protection Agency and rolled back states’ ability to implement gun control measures.
“This is a very big deal, and if Democrats had tried to just do this, it would be looked at as an enormous achievement,” said Phil Schiliro, who was the head of legislative affairs for President Barack Obama, of the health-care bill. “Because it was tied in with other things that aren’t going to be included, a lot of people look at what’s not in it, versus what this achieves and what it does for people.
The semiconductor bill went through a similar, if less-dramatic, shrinking act. The U.S. Innovation and Competition Act had its roots in a bipartisan effort to wholly remake the federal government’s approach to supporting science and technology research.
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