Economic Blueprint aims at making US industry more competitive

The first pillar in the blueprint focuses on empowering workers—with more, good-paying jobs and greater worker power to unionise and have dignity at work.

The second is making and building in America—by investing in infrastructure, making America the world’s leader in clean energy jobs and innovation, bolstering the manufacturing base, and buying American.

The third is giving families breathing room—by lowering costs and expanding access to prescription drugs and high-quality health care, high-speed internet, education, childcare and long-term care, housing, and other essential needs.

The fourth is making American industry more competitive, less concentrated, and more resilient—by taking on corporate concentration, promoting small businesses and entrepreneurs including minority and women owned businesses, and supporting resilient supply chains.

Finally, rewarding work, not wealth—with worker-centric tax reform that ensures the wealthy and large corporations pay their fair share, while never raising taxes on households with incomes below $400,000, as was done in the Inflation Reduction Act.

“President Biden, Vice President Harris, and Congressional Democrats quickly spurred the strongest and most equitable economic and labour market recovery in modern history, after inheriting a pandemic economic crisis. While it will take time and there is more work to do, including immediate work to support the US economy’s transition from historic recovery to stable, steady, growth with lower inflation, the Biden-Harris Administration has laid the foundation to begin tackling decades-long economic challenges and finally deliver an economy that works for working families,” a White House statement said.

Fibre2Fashion News Desk (RKS)