During a recent speech in Pennsylvania, President Biden touted the progress made in the economy under his administration. He emphasized that the economy, which was on the brink when he took office, is now thriving and the envy of the world. The President highlighted the creation of 15 million new jobs in just three years, a record in American history, and a 50-year low in unemployment rates.
President Biden also addressed the issue of manufacturing jobs, noting the addition of 800,000 new manufacturing jobs and expressing his vision for the U.S. to become the manufacturing capital of the world once again. He highlighted the increase in wages and the decrease in inflation rates, which dropped from 9% to 3% under his administration.
Furthermore, the President discussed his efforts to make healthcare more affordable for Americans. He mentioned the reduction of prescription drug costs, particularly for seniors, and his plans to cap the cost of insulin at $35 a month for all Americans who need it. President Biden also emphasized the importance of the Affordable Care Act in providing healthcare coverage to over 100 million Americans.
In addition to healthcare, President Biden outlined his proposals to address housing affordability issues, including tax credits for first-time homebuyers and measures to crack down on price gouging by landlords. He also highlighted his administration's focus on reducing hidden fees and junk fees that burden American families.
The President addressed tax reform, emphasizing the need for big corporations and billionaires to pay their fair share. He highlighted the minimum tax requirements for corporations and proposed a minimum tax of 25% for billionaires to ensure equity in the tax system.
President Biden concluded his speech by emphasizing the importance of investing in the future, particularly in combating climate change. He highlighted the significant actions taken by his administration to address the climate crisis and secure funding for climate change initiatives while also cutting the deficit.
