Republicans and Democrats are teaming up to take a 'huge step' in the US's battle against China
Source: Business Insider
A group of Republicans and Democrats are putting forward a new plan aimed at bolstering the nation's economic competitiveness against China. It represents a big test of whether Republicans and Democrats can still collaborate on key issues in Congress.
Senate Majority Leader Chuck Schumer along with Republican Sen. Todd Young introduced legislation on Wednesday to pour federal money into industries like semiconductors and artificial intelligence. Other co-sponsors included Democratic Rep. Ro Khanna of California and GOP Rep. Mike Gallagher of Wisconsin.
The package would also expand the National Science Foundation, providing $100 billion over five years to fund a new research and development agency. It also allocates $10 billion to build regional hubs across the US to boost domestic manufacturing and create new companies as well.
"This legislation will enhance American competitiveness with China and other countries by investing in American innovation, building up regions across the country to lead in the innovation economy, creating good-paying American manufacturing and high-tech jobs, and strengthening America's research, development, and manufacturing capabilities," Schumer said in a statement.
Read more: https://www.msn.com/en-us/news/politics/republicans-and-democrats-are-teaming-up-to-take-a-huge-step-in-the-uss-battle-against-china/ar-BB1fU9ij?li=BBnb7Kz
OAITW r.2.0
(24,610 posts)No reason to off-shore chip manufacturing. It is a NatSec issue.
Jetheels
(991 posts)rpannier
(24,338 posts)For the majority of them, they don't care
Jetheels
(991 posts)their lungs.
HariSeldon
(456 posts)Say "You know Biden had his campaign hats made in China?", let them go off, then follow up with, "Oops, sorry, it was Trump whose hats were made in China; Biden's were made here in the US."
TheRealNorth
(9,500 posts)and use their spy agencies against the Democrats.
bucolic_frolic
(43,281 posts)Bipartisanship, science and technology, competitiveness, manufacturing. We really do have to do something other than stock shelves with potato chips.
NullTuples
(6,017 posts)RussBLib
(9,035 posts)About damn time.
Now to convince the rest of the GQP that the 2020 election was legit.
Javaman
(62,534 posts)areas of the US industries that could use it.