Mitch McConnell has vowed to effectively kill major bipartisan laws if the Democrats pursue their own plans.
McConnell’s statement is a major and perhaps fatal setback to the long efforts to pass the Chinese bill.
Both lawmakers have worked to expand the US semiconductor industry, which is a key part of the plan.
Senate minority leader Mitch McConnell said Thursday that President Joe Biden aimed to thwart China if the Democratic Party continued to pursue another economic plan made from build-back better ash. Declared to block the progress of the major bipartisan semiconductor bill.
“Clarify, as long as the Democratic Party is pursuing a partisan reconciliation bill, there is no bipartisan USICA.” McConnell tweeted.
In response, Speaker of the House Nancy Pelosi’s office blew up McConnell as a tool for the “Chinese Communist Party.”
“Don’t make a mistake. Senator McConnell is now on the side of the Chinese Communist Party against American workers and American industry,” said Henry Connell, a spokesman for Pelosi. I wrote it on Twitter. “And why? May Big Pharma’s Republicans continue to prey on Americans struggling to afford prescriptions.”
McConnell’s statement remarks on bicameral talks that have been postponed throughout the year as both houses have created their own drastic plans aimed at revitalizing the US supply chain amid the rise of China. It spells out the secret of death. It comes as Democrats approach an agreement to revive a deadlocked party climate and health bill.
Democratic and Republican leaders have been constantly fighting over the scope of the Chinese bill in this year’s negotiations. Republicans have pressured Democrats to abandon trade, labor and immigration provisions and keep them small. Most of the bill has secured $ 52 billion to strengthen the US semiconductor industry in the event of a chip shortage, which is an important priority of democracy.
Senator Joe Manchin and Kyrsten Sinema of the Middle Democratic Party are the main votes for Biden’s deadlocked economic agenda. A tiebreaker vote from Vice President Kamala Harris needs to bring all 50 Senate Democrats together to push for a smaller spending bill.
Manchin and Sinema spokespersons did not immediately respond to requests for comment.
Biden and the White House have repeatedly made it clear that passing the Chinese bill is a major priority. Law, USICA or US Innovation and Competition Law is sometimes referred to simply as the Chinese Bill.It’s huge enough it has Aroused a reputation For all of the various extraordinary interest-driven provisions that appear in the text.
Secretary of Commerce Gina Raimondo has repeatedly warned that failure to pass the bill could have catastrophic consequences. Lymond said on CNBC on Monday If the bill fails, Global Wafers may not implement plans to build a $ 5 billion factory in Texas.
“It must be done before the August recess,” said Lymond, who has been deeply involved in the talks. “I don’t know how to say it more clearly. If Congress doesn’t act, I think this deal … will be gone.”
Senate majority leader Chuck Schumer has drafted a bill for the Senate. This shows how serious leadership is in passing the bill. Biden also pushed it forward in his March State of the Union address. The Senate passed a $ 250 billion package last June. The House of Representatives proceeded with its own plan in February.Both are done I’ve been trying to sort out the details for months.
“In order to compete for the best work of the future, we also need to level the competition with China and other competitors,” Biden said in a speech. “That’s why it’s so important for Congress to pass a bipartisan innovation law, which will make record investments in emerging technologies and American manufacturing.”
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