tv President Biden Meets With CE Os on Social Spending Bill CSPAN January 26, 2022 3:27pm-3:50pm EST
lgbtq human rights. this and is back monday -- the senate is back monday at 3:00 p.m. eastern and will consider several of bidens executive and judicial nominees including u.s. ambassador to germany and the president of the export import bank. watch live coverage of the house on c-span, the senate at c-span2, online at c-span.org or our new c-span now video app. >> president biden met with technology and manufacturing company leaders at the white house to discuss his social and climate spending proposal and ask about news reports of supreme court justice stephen breyer's retirement. the president said it is up to the justice to announce any future plans he has.
>> we have had the strongest job growth on record and the strongest economic growth in 40 years but we face real challenges. we have got to get prices in check and the working people out there. that is why the last component of my plan is so important and why the support of these incredible business leaders means so much. let me start by saying let's take child care.
families across america, particularly in big cities pay as much as $14,000 per child for childcare. my plan cuts in half for most families of the cost of that childcare helping their budgets and helping millions of parents, especially women, get back to work. and take universal pre-k. if we are designing our education system today i think we have talked with some of you about this before. i doubt whether anyone would think that 12
years is enough in the second quarter of the 22nd century. what we do here is we want to have the best educated workforce. that is why universal pre-k will mean so much. it also increases exponentially the prospect of that child being able to, no matter what her background is coming to get through 12 years of school and then go out -- almost half go on
to a two or four year college. studies have been done by a lot of great universities. i think it is an economic
necessity to have the best educated workforce. take an energy manufacturing. -- clean energy manufacturing. we are bringing american manufacturing back. y'all are bringing american manufacturing back area -- back. the industrial midwest is coming back. i got here when i was 20 or 30 years old and the industrial midwest was still going strong but it is coming back. we are doing some of the most sophisticated manufacturing in the world area a real -- world. a real break began last year when gm and ford and some of the
key labor leaders announced they are moving to an all electric future for vehicles. last year mary and gm announced a $7 billion investment to the electric vehicles in michigan to create 4000 new jobs. last year i was up at ford's plant in dearborn, michigan to see all electric 150 as part of ford's $11 billion investment in electric vehicles that will create 1000 new jobs and is part of the over $100 billion committed over the past year. american auto manufacturing will build electric vehicles and batteries in the u.s.. we all know how important it is to manufacture the necessary component parts here in america, made in america. last week intel announced day -- announced a $20 billion plan to build a semiconductor
manufacturing facility in ohio, one of the largest of its kind in our nations history that will create 10,000 jobs area -- jobs. one of the reasons for inflation being high as it is is the cost of vehicles. the reason the cost of vehicles is up is they do not have the component parts, specifically, the semiconductors. last year other top manufacturers committed $80 billion in new semiconductor facilities across the nation beyond what intel just announced. that will create thousands of jobs, thousands of good jobs. my new infrastructure laws will build out more than 50,000 charging stations for electric vehicles across the country creating better paying jobs for thousands of workers and the idw will be very busy putting all of those in all over the country. that is just the start. our build back better plan, i
say hours, it will do even more combining the infrastructure laws making the biggest investment in clean energy manufacturing ever in american history. this is about here and now and the future. you know, our build back better plan is paid for. it does not increase the deficit. maybe the best news of all is it will actually help alleviate inflation. the fact that 70 nobel laureates and economics us say the build back better initiative will ease inflation pressures in the future is somewhat reassuring. a lot of folks refer to this as just social spending area well -- spending. well, i see it this way. the build back better plan lowers prices for families and gets people working. it creates the best educated workforce hopefully in the world and ensures we remain the most dynamic and productive economy in the world. it is good for families.
it is good for the economy. it is good for the country. i am grateful for the support of the ceos that are here. they are busy. they represent a broad spectrum of the economy and employee workers across the country from senior executives to high school entry-level workers. i look forward to the input today we will be having here and their expertise. now, let's get started with this meeting. >>[indiscernible] >> thank you, thank you let's go, thank you guys, let's go, let's go, thank you. >> every justice has the right
and opportunity to decide what he or she will do and announce it on their own. there has been no announcement from justice breyer. to make whatever statement he will make and i will be happy to talk about it later. thank you so much. i will be happy to talk about this later. i have to get into this meeting. we will start by -- >> we will start by asking tom to offer your thoughts. >> yes, thank you. mr. president. it is an honor to be here. it is really an honor. thank you for inviting me to this event. i just wanted to say that i think climate change is the existential crisis of our time and i know that i will not want to be sitting in my living room
with my kids and grandkids and not say i made every effort i could to address it. working at a company that has been an innovator for a long time i think we can make a big investment in a big effort to address climate change in some of the toughest dissections in the economy, trucks and things like that. that includes battery, hydrogen fuel cells, and other important technologies. we are investing significantly in those but we cannot do it alone. truth is, we need investments, tax credits and the build back better act for hydrogen and clean drugs. -- clean trucks. that will play a big role in getting us to invest in infrastructure and other things we need to get this going area -- going. i think we are out of time to protect our climate. we are out of time to make sure american companies are the ones that lead the world in these technologies. when we invest, we can win and create jobs for our workers here
in the u.s.. i think that is what all of us can do if we invest in climate change technologies now. if we wait not only do we harm the climate but we make sure that we are not to the winners in global competitiveness. president biden: did you know the build back better plan is over $500 billion in climate change initiatives including the tax credits you refer to? you are one of the world's largest engine manufacturers and they tell me you have nearly 60,000 employees now. you know, you have talked about being raised by a single mom. she works through school for you and your brother and for your employees, for your mom at home, what is the benefit of the build back better commission as
relating for childcare? from a business standpoint? >> mr. president, my mom would be incredibly honored to be in the conversation today. thank you for bringing her up. she is a big part of my life and i am grateful to her. i know she has proud of me for playing the role i am playing in the economy and especially for addressing such an important issue is climate change. you know, i would say that we are going to make whatever investments we need to do our part and i really appreciate the efforts of this administration to put those, to put the climate first in this act and i hope that our leaders can see the future and the importance of the future of the investments that need to be made to make sure climate change is addressed. president biden: what from a
business standpoint does the child care, being able to have the child care tax credit, so, you are going to have, instead of paying $14,000 if you live in new york or wherever, paying half of that, what does that do from a business perspective? >> we have always been thoughtful about not only how are business does but how our communities do and we think that a company can ever be stronger than the community in which we live and work. there is no question that the families that work for our company, childcare is a significant burden to them. so it is clearly an issue that needs to be addressed. there is no question that we hear about it a lot. we offer benefits in our company for both childcare and for family leave. i get more notes about that than
pretty much anything else i do. president biden: i bet you do. thank you. now, brad, thank you for being here. the 10 dedicate your -- the pandemic hit your workers hard and working parents hard. tell me about how your support how microsoft is looking at work wars -- workforce and price and the pieces of the build back better agenda that would advance the goals of your company? what is the relationship between this piece of my program and benefiting your company? >> there is an important connection between the pieces of build back better and what matters not just a microsoft but to every american sit -- not
just a microsoft but to every can -- every american citizen. our business is usually dependent on every part of the economy. we announced earnings yesterday afternoon. i think they had some positive effect on the markets today. what are earnings reflect is fundamentally the demand of the american economy is strong but supply is constrained and i think that part of the issue goes to precisely what you are just asking about. what we see is we need to do more to help bring americans back to work. one of the key ingredients we see, whether for our employees or for everybody's employees is people can only come back to work if they have a way to take care of their children. in america today there are two groups of people who are challenged when it comes to taking care of their children. for some, they cannot afford to pay for child care. that is where the provisions of
don't back better that focus on low income people who want to work, who want to get training to work is precisely focused on what matters to people. the second group of people that is challenged is people who can afford to pay for childcare but what they are finding is that childcare centers themselves do not have enough time to people -- trained people. so from our perspective, build back better will help address supply shortages in the short run. it will also build a long-term foundation for another critical element of business needs namely people with the skills to do the jobs we are creating. if there is one thing we have learned it is that the best revenue for some of the most acute skill shortages is to enlist community colleges and mobilize them for the training needed which build back better would do. when you couple that with the investment in pell grants
something i think so many people benefited from in terms of our ability to get the skills to succeed, these are the skills we owe the next generation of students. i would offer a full throated endorsement of climate revisions as well. -- of climate provisions as well. that does not only what the world needs but investing the technology in america that will literally help us protect the planet. it would ensure the jobs of the future are created in the united states as well. president biden: i don't think we have talked about that enough. the technology that we buy investing are going to do to develop export capacity, export matters, growing the american economy beyond merely what it does related to the environment here at home. isaac we are better positioned than any country in the -- i
think we are better positioned than any country in the world to do it if we invest. >> i cannot agree more. digital technology will play a role across the board. we had microsoft sees that. more than that this is things like long-duration battery storage that will equip automobiles of the future, sustainable aviation feels that airlines and manufacturers need. it is really every segment of the economy and most especially the future of power generation. president biden: thank you brad for being here and what you are doing. now, mary, i am always talking about corvettes. when i went to dearborn driving dad, you know, i was up there -- driving that, you know, i was up there and i think that it was crazy i enjoyed it so much and i
new year new ev factory and that hummer before i talked about dearborn and the f-150 that hummer, o lord, have you seen this vehicle? it weighs three times my corvette ways when it was brand-new the corvette was zero to 60 in 5.2 seconds. this was about 4.1. >> actually the model is three seconds. president biden: ok, i am looking for a job, mary. all kidding aside, i like, you know, what can you tell me about what the investments will make in the legislation would mean to your business? >> it is an honor to be here
today. and to be able to speak about climate change and are aligned goals converting to an all electric future. general motors is committed to invest more than $35 million to support letters and autonomous vehicles by 2025. yesterday we made an announcement to put $7 billion more into the state of michigan for four facilities, converting one plant to electric truck manufacturing as well as two additional factories and a battery plant and so we are really working to make sure as we make the transformation to electric and do the right thing for the environment we bring everybody along eating -- meaning product at different price points and people who participate in the market either new or used will have the opportunity to afford electric vehicles. to do that takes a good public/private partnership. for us to make those investments
we need provisions, especially, the environment of provisions and the climate for visions -- provisions that will untapped ev credits. -- uncap ev credits. to get to the greenhouse gas reduction goals we have getting strong demand is very important. already, very appreciative of the infrastructure build to build out ev charging because that is important as well. then there are provisions for advanced manufacturing and battery and component manufacturing. it is vital we have that in the u.s. to not only secure our future but to have economic growth and provide good paying jobs. so there are many provisions that are very important that will allow us to advance and accelerate the move to electric vehicles. so we look forward to working you in kong that's working with you not -- to working with you in congress. the funding for the chips act
really is a natural -- national imperative. without having the capabilities over the last year that continues into this year without having the ability to have that supply chain in this country as well, at -- that is going to hort -- hurt our ability to lead weather in electric vehicle, autonomous vehicles. these are key technologies for the future and it really is a global race. president biden. it is. as the son of a man who ran the last 35 years of his life a ford dealership and is in a chevy dealership, the -- and then a chevy dealership, you will make a difference in people being able to make a living again. it really, really, really does matter. it is consequential.
i think you for our -- for being here and what you have to say. >> today, the retired admiral joins the u.s. chamber of commerce for a conversation on geopolitical hotspots to watch in 2022 live at 4:00 p.m. eastern on c-span. online at c-span.org or for full coverage on our new video app c-span now. >> the white house covid-19 response team gave an update this morning on the omicron surge and efforts to increase testing supplies and capabilities across the nation. this is about 40 minutes. >> good morning and thank you for joining us. today, dr. walensky will provide an update on omicron and the state of the pandemic. dr. fauci will discuss the latest research on development of 10 coronavirus vaccines. first i will provide a brief operational update.