The federal government would spend $400 billion on manufacturing during the next four years and $300 billion on research and development during the same period under…
The federal government would spend $400 billion on manufacturing during the next four years and $300 billion on research and development during the same period under an economic plan former Vice President Joe Biden unveiled Thursday.
His goal is to create 5 million jobs beyond the restoration of millions lost this year during the COVID-19 pandemic.
But Biden, the presumptive Democratic nominee to challenge President Donald Trump in November, hasn’t said how much of the spending would represent continuous costs or how he would pay for them.
The manufacturing plan is part of a broader economic agenda called “Build Back Better,” which Biden will continue to explain in the coming weeks and deals with infrastructure and clean energy, care-giving and the workforce, and racial equity.
“Everyone will be cut in on the deal this time, as we rebuild the middle class,” Biden said after touring McGregor Industries, which fabricates and installs metal components for buildings, in Dunmore, Pennsylvania. “When the federal government spends taxpayers’ money, we should use it to buy American products and support American jobs.”
Vice President Mike Pence was also campaigned in the battleground state of Pennsylvania on Thursday, holding a roundtable about reopening the country at Rajant Corp., a wireless technology manufacturer, in Malvern.
