House Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers (R-WA) urged members to vote no today on H.R. 4346, CHIPS-plus, which prioritizes massive government spending and corporate welfare over hardworking American families suffering under President Biden’s inflation crisis. Further, H.R. 4346 fails to remove the damaging regulatory and permitting barriers hampering innovation and American economic competitiveness.
WATCH Leader Rodgers’ remarks on the House floor:
Excerpts and highlights from Leader Rodgers’ floor remarks:
“China is the biggest threat facing America today.
“The Chinese Communist Party uses its centrally controlled economy to pick winners and losers through massive government subsidies and handouts that benefit the ruling party’s political allies.
“They do not adhere to free market principles or the high labor and environmental standards that we have here in America.
CHIPS-PLUS
“This is not a model America should embrace.
“We succeed when we reward hard work, creative thinking, risk-taking, and innovation and ensure that a company’s success isn’t contingent on the approval, direction, or spending by the federal government.
“I support making chips in the United States, but we cannot lead a new era of innovation through massive government subsidies.
“We cannot beat China by trying to outspend them.
“The CHIPS bill unlocks the Democrats’ radical tax and spending spree and will make President Biden’s inflation crisis worse.
AMERICAN FAMILIES AND BUSINESSES ARE SUFFERING
“American competitiveness is suffering today as a result of harmful regulatory barriers and record government spending.
“This has resulted in unaffordable high prices on every family, supply chain issues, and as we learned today, the U.S. is entering a recession.
“Meanwhile, Democrats’ new reconciliation package spends hundreds of billions of dollars and raises taxes to achieve their grand socialist agenda for more control and more inflation.
“To win the future, we need a reliable regulatory and permitting environment that unleashes innovation, secures our supply chains, and ensures American companies are creating jobs right here at home in the United States of America.
“Instead of more radical spending, lifting these barriers must be central if we want to secure American leadership and beat China.
“I urge a no vote on H.R. 4346.”
CLICK HERE to read Leader Rodgers’ statement on CHIPS-Plus passage in the Senate.
Original source can be found here.
