Biden tightens 'Made in America' loophole to boost domestic manufacturing

[turbinetree]

By Oliver Willis -March 4, 2022 1:17 PM

Currently products only have to be composed of 55% American materials to qualify as 'Made in America.'

The Biden administration on Friday announced that it had updated the rules for implementing the provisions of the Buy American Act of 1933 "to ensure taxpayer dollars create good-paying jobs here at home, strengthen critical supply chains, and position U.S. businesses to compete in strategic industries."

The Buy American Act requires the federal government to give preference to products made in the United States in its purchases. To qualify as domestically produced, a product must be manufactured in the United States, and components totaling at at least 55% of its overall value must also be manufactured in the country.

The administration's final rule will raise the percentage of the content that must be manufactured in the United States for an item to qualify as "Made in America" from the current level of 55% to 75% over the course of seven years.

Published with permission of The American Independent Foundation.

https://americanindependent.com/joe-biden-buy-american-act-donald-trump-manufacturing/

[ProudMNDemocrat]

2. Sounds good to me. Which is why we buy UAW made cars.

Because the money made by an American worker stays in America, in American communities.

What can be more Pro-America than that?

[Jose Garcia]

3. So, when you restrict international trade of Russians, it's supposed to hurt them, but

restricting international trade of Americans helps Americans?

[Budi]

4. Well yes it does help America & Americans.

I'm in favor of a country that can sustain itself in good times or harsh.

He isn't shutting the door to trade.
But he is certainly reinforcing the middle class & that in turn narrows down the neediest of class sectors. While protecting the US from vulnerahilitues in globally unsettling times.

We also will have more control of the products we make, to be eco sustainable.

See where he's going with this?
Its all good.

[Jose Garcia]

7. But won't economiclly isolating Russia reinforce its middle class?

Won't it enable them to sustain themselves in good times and harsh?

[Budi]

8. Who knows. Russia would have to have a total shift in govt structure

..for their people to thrive, as in a Democracy.

If not, it would result in the same problem as today. Wealth would flow up, to the same oligarchy while a pittance of sustanance to the workers, to merely survive in order to produce every day, for the wealthy.

Of course for their loyalty, workers may be rewarded with basics like food, shelter, basic health care.
Free shit to keep those able bodies producing, & grateful.

With a collapsed economy, bankrupt State, the long road back will not happen without a complete govt restructuring, for the citizens this time around, rather than the same criminal oligarchy govt, merely recouping their loses at the behest of the workers.

[Demsrule86]

5. We need to make our own things in order to bring back prosperity and the middle class...

It was never a good idea to open our markets to those who do not open their markets...Japan and Korea come to mind...and it is vital to our national security that we can make our own medicines, computer chips, weapons and feed ourselves.

[Quixote1818]

6. K and R