Featured Image

No Honeymoon for President Biden

President Joe Biden called for national unity in his inauguration address, but will Congress get the message? The first 100 days of a president’s term is often called the honeymoon period, when friends and opponents alike offer support in a gesture of...
Feb 10, 2021

COVID-19 relief The first 100 days of a president’s term is often called the honeymoon period, when friends and opponents alike offer support in a gesture of goodwill. This time, however, Biden’s honeymoon was over days before he took the oath of office when he released his proposed $1.9 trillion coronavirus relief package on Jan. 14 (see graphic). He’s already getting pushback from moderates and conservatives who question the need for another deficit-financed spending package so soon after the one passed in December. Negotiations are ongoing between the White House and a bipartisan group of lawmakers.

Besides getting his stimulus plan through Congress, Biden has set an ambitious agenda for his first 100 days. On his first day in office, he signed 17 executive actions that fall into four broad categories: the pandemic, economic struggles, immigration and diversity issues, and the environment and climate change. He also pledged to send immigration and infrastructure legislation to Congress, issues that have bipartisan support. Days later, the president signed an executive order which imposed stricter domestic content rules in federal procurement and created a senior-level position to oversee the administration’s made-in-America policy. Throughout his campaign, the president spoke about supporting domestic manufacturing with buy-American proposals and investments; in July, he released his “Buy American – Make in America” proposal worth over $700 billion to boost investment in U.S. firms and domestic manufacturing.

Trade Biden’s focus on trade is on re-engagement. He’ll work to improve relationships with U.S. allies and build a coalition to address China’s unfair trade policies. It’s unlikely that he will move quickly to eliminate tariffs on imports from China, but he is expected to remove tariffs on the EU, Canada, and other allies (see chart). There is a chance that the president could impose tariffs or revoke subsidies on firms that move jobs overseas.

Cabinet confirmations

The Senate immediately began the confirmation process for the president’s cabinet nominees. In the first days of the session, the Senate approved two top security officials, Avril Haines as the director of national intelligence and retired General Lloyd Austin as the secretary of defense, and former Federal Reserve Chair Janet Yellen as treasury secretary. It’s notable that during her testimony, Dr. Yellen offered some assurance to Republicans who expect the administration to propose repealing parts of the 2017 Tax Cut and Jobs Act. She stated that while the president wants to make changes to the law, including raising the corporate tax rate and imposing a “wealth tax,” such changes are not a priority while the country continues to suffer the pandemic’s impacts.

PicturePicture
Author
Amber Thomas
Vice President, Advocacy
Recent advocacy News
At AMT’s 2021 MFG Meeting and MTForecast Conference, Nov. 2-5, in Denver, Colorado, Larry Sabato will examine the latest political environment in Washington, D.C., and state capitals. He’ll share his observations and predictions on the 2022 ...
Today, the House approved the $3.5 trillion budget blueprint and set a Sept. 27 deadline to vote on the $550 billion infrastructure bill – days before transportation funding runs out on Oct. 1.
In a crescendo of activity before the August recess, the Senate came together in a rare show of bipartisanship to pass a roughly $1 trillion infrastructure package after weeks of intense negotiations. Of the Republicans, 19 joined all 50 Democrats ...
The $579 billion, five-year Bipartisan Infrastructure Framework plan focuses traditional infrastructure investments on projects for roads and bridges, railways, and public transit. It also includes spending on broadband, power, and water storage.
President Joe Biden pledged to build a modern, sustainable infrastructure and an equitable, clean energy future during his campaign. At the end of March, he took the first step by introducing a massive spending proposal...
Similar News
undefined
Advocacy
By Amber Thomas | Sep 14, 2021

On Sept. 3, the EPA announced plans to initiate new rule-making to reduce exposure to the five persistent bioaccumulative toxic (PBT) chemicals it banned in January, including one widely used in manufacturing, PIP (3:1). The EPA also extended the date ...

5 min
undefined
Advocacy
By Amber Thomas | Aug 27, 2021

At AMT’s 2021 MFG Meeting and MTForecast Conference, Nov. 2-5, in Denver, Colorado, Larry Sabato will examine the latest political environment in Washington, D.C., and state capitals. He’ll share his observations and predictions on the 2022 ...

5 min
undefined
Advocacy
By Amber Thomas | Aug 24, 2021

Today, the House approved the $3.5 trillion budget blueprint and set a Sept. 27 deadline to vote on the $550 billion infrastructure bill – days before transportation funding runs out on Oct. 1.

3 min