As President Joe Biden and his Cabinet fan out across the country touting his economic record, major features of 'Bidenomics' would not be possible if not for Republican support in Congress for a $1 trillion infrastructure measure and a U.S. semiconductor production bill.
As President Joe Biden and his Cabinet fan out across the country touting his economic record, major features of"Bidenomics" would not be possible if not for Republican support in Congress for a $1 trillion infrastructure measure and a U.S. semiconductor production bill.
“I do things that are right for the country, and Republicans like myself can tout what we’ve done, and Democrats who participated can do the same thing. That’s the nature of bipartisan legislation,” said Sen. Mitt Romney , who supported both pieces of legislation. “Both sides win, and the only way something becomes law in this country is if both sides win. You can’t pass a bill if it only is attractive to one party.
“If that happened, I would never do anything as a senator; anything good here that happens, a president is going to take credit for that, no matter the degree of involvement,” Cassidy added. Young and other supporters of the bill emphasize mounting tensions with China reinforced the need to decrease dependency on the country, home to the world’s largest chip maker.
“When I think of Bidenomics, the first thing that comes to mind is the inflation they caused by passing a stimulus bill, when the economy was already red hot, didn’t need to be stimulated,” Young told the Washington Examiner. “I just don’t want this very important but narrower national security investment to be conflated with the inflation created by the president’s stimulus bill or by the Inflation Reduction Act,” Young said. “It’s natural that [Biden] would want to bootstrap the rest of his economic agenda to a very popular anti-China initiative like the CHIPS and Science Act.”
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