Biden presents his economic proposal in South Carolina

Referring to next year’s election, Biden argued that government investments in computer chips, batteries and electric vehicles will help the United States overcome Chinese competition and that his agenda has delivered in ways that former President Donald’s did not. Trump.

“I didn’t get a lot of help from the other team, but that didn’t stop us from getting things done,” the president said during an event in a state where he lost by nearly 12 percentage points in 2020. “All the Republicans in Congress voted no. of the Inflation Reduction Law”.

White House officials contend that if the Republicans had had their way, South Carolina and many other Republican-controlled states would have lost billions of dollars in investment and thousands of jobs.

However, Republican lawmakers argue that Biden’s initiatives have fueled higher inflation and therefore the population is worse off.

Biden’s visit highlighted a new clean energy manufacturing partnership between solar company Enphase Energy and manufacturer Flex Ltd., which is projected to create 600 new jobs in the state and another 1,200 across the country. Enphase, which is making an investment of 60 million dollars to open six new manufacturing lines, two of them in South Carolina, benefits from the tax incentives that were included in the Inflation Reduction Act promoted by Biden and which It was approved last August.

His visit also exposed a growing alliance between the government and tech companies. These relationships compound Republican criticism that Democratic policies have hurt business, as some corporate leaders say White House initiatives are helping them.

California18

Welcome to California18, your number one source for Breaking News from the World. We’re dedicated to giving you the very best of News.

Leave a Reply