Senator Marshall: Biden’s infrastructure plan helps China and hurts hard working Americans
(Washington, D.C., April 21, 2021) – U.S. Senator Roger Marshall, M.D. spoke on the Senate floor today about President Biden’s $2 trillion infrastructure plan of which less than 6% goes to roads and bridges. The package also benefits China, raises taxes on hardworking Americans, and imposes burdensome regulations. You may click HERE or on the image below to watch Senator Marshall’s speech in its entirety.
Senator Marshall said in part, “President Biden’s infrastructure plan helps China and hurts hard working Americans… Among these green provisions is $174 billion for electric car chargers and tax incentives for purchasing electric cars. It also calls for electrifying one-fifth of the nation’s school busses and all 650,000 of the United States Postal Service’s delivery trucks. When unveiling his infrastructure plan, President Biden mentioned China six times as he attempted to sell it as a way to compete with China. However, this rapid jump to electric vehicles does the opposite and will benefit China more than many hard working Americans. That’s because China leads the world in manufacturing 80 percent of materials needed for batteries and will continue to do so. Of the 136 lithium-ion battery plants in the pipeline to 2029, 101 are based in China. They mine 64 percent of the world’s silicon, and make 80 percent of the world’s polysilicon, with coal generated electricity – the key component to solar panels…”
Senator Marshall was on FOX News to discuss the Democrat’s infrastructure proposal. You may click HERE or on the image below to watch Senator Marshall’s interview in its entirety.
The FAST Act, which is the current infrastructure measure, expired in September of last year. Congress provided a one-year extension, with the new deadline of September 30th of this year.
Under Democrats’ current proposal:
- America’s economic recovery will slow: America is on track to add 11.4 million jobs back to the economy by 2025. According to Moody’s: “the most immediate impact in early 2022” will be reduced economic growth.
- America’s economy will shrink: America’s economic growth will be slashed with GDP shrinking by 2031, according to a study by University of Pennsylvania’s Wharton School.
- America will become less competitive with fewer companies investing here at home: Democrats are proposing a flurry of new taxes which include double-taxing U.S. companies, essentially punishing American firms and workers for doing research in advanced manufacturing here at home.According to the Wharton study, Democrats’ tax provisions would have the direct effect of decreasing firms’ incentives to invest in jobs here in America.
- Americans will have fewer jobs: Americans will lose 1 million full-time jobs in 2023 if Democrats’ plan is enacted, according to a study commissioned by the National Association of Manufacturers.*This calculation is based on assuming Democrats implement the tax hikes Biden proposed on the campaign trail, many of which he’s been discussing to pay for this legislation. And the job losses will continue. On average, 600,000 jobs will be lost each year over 10 years under Democrats’ proposal.
- American workers will have smaller wages: American workers’ hourly wages will decline for the next 30 years (through 2050), according to the Wharton study.The NAM study reported similar findings: businesses will cut wages and benefits for American workers in 2023, and those cuts will continue over time.
- American consumer energy bills will become more expensive: Democrats want to restrict Americans’ access to affordable energy and impose higher taxes and fees on utility companies. That means higher utility bills for American consumers.
- $213 billion to do a Green New Deal makeover of two million houses and buildings.
- $174 billion in subsidies for electric vehicles that are predominately purchased by the well-to-do. This includes special tax incentives to consumers to buy the vehicles and new grant and incentive programs to build 500,000 electrical-vehicle chargers by 2030.
- $100 billion for public schools and making school lunches ‘greener’, even though public schools haven’t spent the federal dollars they’ve received.
- $35 billion for a climate innovation fund, even though energy companies are already investing in climate innovation.
- $27 billion for a “Clean Energy and Sustainability Accelerator” – on top of the climate innovation fund.
- $10 billion to create a ‘civilian climate corps’ (duties include “advancing environmental justice”)