The last thing we should be thinking about is rewarding companies for exploiting the situation, because of the war overseas and inflation around the world, Biden said.
The president blasted the GOP for their proposals, which included tax cuts for big corporations and requiring programs like Social Security, Medicare and Medicaid to be renewed by Congress every five years. Biden said that such a plan would put those programs on the chopping block every five years and allow Republicans to use them as negotiating pieces.
Scott, the chair of the National Republican Senatorial Committee, offered his own critique of Biden in a statement released ahead of the president's remarks. The Florida Republican suggested that the oldest man ever elected to the White House, Biden, is not of sound mind and is not mentally fit for office.
The most effective thing Joe Biden can do is resign. He is the problem. Scott said that getting him out of office was a quick and easy solution. Period. Everyone knows it. No one will say it. We have to do that for the sake of the country. Joe Biden can do the job.
Biden smiled and said that he thought the man had a problem.
The president accused Republicans of trying to stoke anger among voters toward the White House by throwing up road blocks and said Americans were feeling anxious about his administration's performance.
The fact is, congressional Republicans are counting on you to be as frustrated by the pace of progress as they are, because they have done everything they can to slow down.
The president's party holds the majority in both houses of Congress and has failed to deliver on several White House priorities. The social spending package contained a lot of administration priorities, but it failed because of Republican opposition.
Biden's speech tried to turn the Democrats' top pain point into inflation. The president emphasized his administration's efforts to address the recent spike in inflation and reduce the federal deficit through actions such as promoting competition and increasing domestic production of oil.
The president called inflation his top domestic priority and identified two leading causes of the spike in inflation: the Covid-19 pandemic and Russia's war on Ukraine. Allowing the sale of gasoline using home-grown biofuels is one of the ways the Biden administration is addressing inflation.
We need a government that is focused on what families need. I urge all Americans to think about the path I have laid out. He said that they would have to do more than what they had already done.
His administration is trying to reduce the federal deficit. We are on track to cut the federal deficit in half this year, which would be the biggest one-year decline in history.
The deficit has gone down both years I have been here, he said. It matters. Reducing the deficit is one of the ways we can ease inflationary pressures.
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