GOP’s Closing Economic Pitch: Kill Jobs, Raise Costs

As Micron announces a historic investment of up to $100 billion in Syracuse, New York for a new manufacturing plant, let’s not forget: President Joe Biden made these job-creating investments possible — but many Republicans in Congress voted against bringing American jobs back home and reducing our dependence on China.

187 House Republicans and 32 Senate Republicans voted against the CHIPS and Science Act — groundbreaking legislation that is already helping to create thousands of manufacturing jobs here at home. Under President Biden’s leadership, “Made in America” isn’t just a slogan — it’s a reality.

President Biden: “We’ve created 10 million jobs, including almost 700,000 manufacturing jobs. On my watch, ‘Made in America’ isn’t just a slogan, it’s a reality.”

CNBC: “When the CHIPS Act became law, it spurred a wave of investment announcements by semiconductor companies, including Micron, which at the time pledged $40 billion through 2030 for U.S. chip manufacturing, saying it would create up to 40,000 domestic jobs. Qualcomm also committed to buying an additional $4.2 billion worth of chips from GlobalFoundries’ plant in New York. Intel had said its plans to invest up to $100 billion in chip manufacturing in Ohio relied heavily on the federal legislation.”

CNBC“Republican leaders urged Congress to vote against the Chips and Science Act after Senate Democrats Chuck Schumer and Joe Manchin revealed that they have struck a deal on a sweeping reconciliation bill.”

In voting against the CHIPS Act, Republicans also voted against strengthening our supply chains, lowering costs and reducing our dependence on China. Make no mistake: A vast majority of Republicans voted to side with the Chinese Communist Party over the American people. 

NBC News“[The CHIPS Act] is no small feat… it would authorize tens of billions more for science programs and regional technology hubs to keep the U.S. competitive with its rivals.”

Washington Post: “[The CHIPS Act] would provide $52 billion in subsidies to domestic semiconductor manufacturers… in a bid to strengthen the United States’ competitiveness and self-reliance in what is seen as a keystone industry for economic and national security.”

But that’s not all: These people are running on a closing midterm message of threatening to crash the economy. That’s right — Republicans have threatened to send the U.S. economy into a tailspin because they’re so hellbent on cutting key programs, including Social Security and Medicare. 

Bloomberg Government: “Social Security and Medicare eligibility changes, spending caps, and safety-net work requirements are among the top priorities for key House Republicans who want to use next year’s debt-limit deadline to extract concessions from Democrats.”

Republicans are also doubling down on their wildly unpopular “commitment” to raise prescription drug costs on millions of Americans by repealing key pieces of President Joe Biden’s historic cost-cutting legislation.

Axios: “Some key House Republicans are calling for the repeal of Democrats’ newly-passed drug pricing measure if the GOP flips control of one or both chambers of Congress next year.”

Let’s be perfectly clear: The GOP has absolutely ZERO credibility on the economy. The choice voters face this November couldn’t be clearer.