As the nation wrestles with ongoing shortages.
US Senate leaders are preparing to introduce legislation on semiconductors, President Joe Biden said as the nation wrestles with an ongoing shortage of the critical technology used in a range of devices from cars to computers.
“We’re working on that. (Senate Majority Leader) Chuck Schumer and, I think, (Senate Republican Leader Mitch) McConnell are about to introduce a bill along those lines,” Biden said during remarks about his own plan to boost the nation’s infrastructure.
Schumer and McConnell’s offices did not immediately comment.
The White House is set to hold a virtual summit on the issue on Monday that is expected to include senior US auto executives, including Ford Motor chief executive Jim Farley and General Motors chief executive Mary Barra, and White House officials Brian Deese and Jake Sullivan, officials said.
Amazon s Bezos Says He supports Corporate Tax Hikes That Are Part of $2 Trillion Infrastructure American Jobs Plan gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden will tackle Republican criticism of his $2.3 trillion infrastructure plan in a speech Wednesday
Biden will talk about what infrastructure means in the 21st century and why it’s extends far beyond just roads and bridges, a White House official told DailyMail.com
Treasury Department unveiled its plan to overhaul the corporate tax code to pay for infrastructure package
Plan would hike the corporate tax rate in the US to 28 percent from 21 percent among other tax moves
Republicans criticize package for having too many extras
They claim a simple infrastructure package would get GOP support
Biden talks supersonic jets and bullet trains as he sells infrastructure bill dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
I m sick and tired of ordinary people getting fleeced : Biden gives a full-throated defense of his $2.5TN tax hikes on business and insists he isn t trying to punish anyone
President Joe Biden launched a full-throated defense of his corporate tax hike to fund his $2.3 trillion dollar infrastructure plan I’m not trying to punish anybody, but damn it, maybe it s because I come from middle class neighborhood, I m sick and tired of ordinary people being fleeced, he said
Biden would pay for his plan by hiking corporate tax rate to 28 per cent
Business groups and Republicans criticized that rate