Biden to take aim at House GOP proposals in economic speech – NBC News

by | Jan 26, 2023 | Financial

President Joe Biden on Thursday is expected to criticize the fiscal proposals of House Republicans in his first major economic speech of the year, which he will deliver at a steamfitters union hall in Springfield, Virginia.Biden will talk about his goals of growing the U.S. economy with new factories and construction in communities across the country and creating well-paying jobs for the middle class that don’t require a four-year degree, a White House official said. The president will also tout legislative accomplishments during his tenure, including the pandemic-related economic stimulus package passed in 2021, the infrastructure spending bill, legislation aimed at boosting computer chip production, and last year’s climate, health care and tax package.Biden also is expected to announce a new “Invest in America” Cabinet comprised of the secretaries of commerce, labor, transportation, treasury, energy, and health and human services; the EPA administrator; and senior White House advisers, a White House official told NBC News. Biden is charging them with instituting his economic plans.In his remarks, Biden will contend that the House GOP’s economic agenda would pose a threat to the economy and the working class, the official said. In one of their first moves after taking control of the House following the November elections, Republicans advanced a bill to rescind new Internal Revenue Service spending that was app …

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