TOP TIDBITS

• President Biden Boosts America’s Economy, While MAGA Republicans’ Agenda Could Trash It: President Biden and Vice President Harris are laser-focused on growing the economy from the middle-out and the bottom-up – vowing to protect essential programs such as Social Security and Medicare, overseeing historic investments to update our nation’s infrastructure, and helping to create hundreds of thousands of good-paying jobs. Meanwhile, MAGA Republicans are running for president to end Social Security and Medicare as we know it and rig the economy for the ultra-wealthy and corporations against the middle class – all after Trump and the GOP sent the national debt soaring and presided over the worst jobs record since the Great Depression. Read more from the DNC War Room
• IN ALL 50 STATES: President Biden’s Historic Broadband Investment is Getting Americans Connected: On Monday, the White House announced a historic new investment in affordable, accessible high-speed internet. Thanks to President Biden’s leadership and once-in-a-generation investments in American communities, the Bipartisan Infrastructure Law’s BEAD (Broadband Equity, Access, and Deployment) program will provide all 50 states, Washington, D.C., and U.S. territories with additional funding to help bring reliable high-speed internet to communities across the country. Read more about what Americans from coast to coast are reading about the Biden-Harris administration’s investments in high-speed internet for their communities.
• DeSantis in New Hampshire: Four Trips, ZERO Abortion Mentions: “For the fourth straight time, Ron DeSantis purposefully left out of his New Hampshire stump that he signed one of the most restrictive abortion bans in the country, ripping away reproductive health care freedoms from Floridians.” Read the full statement from DNC National Press Secretary Ammar Moussa.

Bidenomics Talking Points

• President Biden’s plan to grow the economy from the middle out and bottom up marks a fundamental break with trickle-down economics—a failed theory that has failed the middle class.
• Tax cuts for the rich and big corporations blew up the deficit and never trickled down.
• Shrunken public investments undermined priorities like infrastructure and education.
• Good jobs were shipped overseas and entire communities were stripped of hope.
• President Biden believes that the best way to grow the economy is to grow the middle class. He took office with a theory and a plan to move from trickle-down economics to Bidenomics—and that plan is working.
• The U.S. has seen some of the strongest growth since the pandemic of any leading economy.
• The American economy has added 13M jobs since President Biden took office—including nearly 800,000 manufacturing jobs.
• Unemployment fell below 4% by the end of the president’s first year in office—beating CBO expectations by 4 years—and has stayed at or below 4% ever since.
• Unemployment rates for African Americans, Hispanic Americans, and people with disabilities have reached historic lows.
• There were 10.5M applications for new small business in 2021 and 2022—the strongest 2 years on record.
• The annual inflation rate is now less than half of what it was one year ago.

Bidenomics is about building the economy from the middle out and the bottom up—not the top down—by making three fundamental changes from where we’ve been.

First, we’re making smart investments in America.

• Rebuilding America’s crumbling infrastructure—with 35,000 projects already funded—and requiring construction materials used in federal infrastructure projects be made in America.
• Promoting domestic production of semiconductors, batteries, electric cars, and clean energy, and more—with more than $490B in private investment already committed—while reducing carbon emissions and clean energy costs.
• Powering a resurgence in American manufacturing—construction of manufacturing facilities in the U.S. has grown nearly 100% in 2 years.

Second, we’re educating and empowering American workers.

• Real incomes and household net worth are up since the president took office, and pay for low-wage workers has grown at the fastest pace in over two decades.
• Share of prime working-age Americans in the workforce is higher than at any time in the last 15 years—including during every single day under President Trump.
• Ensuring workers can get the education and training they need to get good-paying jobs—including jobs that don’t require a 4-year degree.
• Working to make it easier to join a union and reverse the 40-year decline in unionization.

Third, we’re promoting competition to lower costs and help small businesses.

• Proposing a rule to ban non-compete agreements.
• Fighting to end junk fees that can add up to hundreds of dollars a month for families.
• Providing support and capital to small businesses.
• Bidenomics is proving that we can invest in the American people while reducing the deficit.
• The deficit fell by $1.7 trillion during the president’s first 2 years in office—a record.
• Bills POTUS signed into law are expected to cut the deficit an additional more than $1T over 10 years.
• Gave Medicare the power to negotiate lower prescription drug prices and capped insulin at $35 per month for seniors.
• The president’s budget plan will cut the deficit even more by closing loopholes for Big Oil, crypto traders, and hedge fund managers—and making billionaires pay a minimum tax.

Bidenomics is about the future—but it’s rooted in what’s always worked best in our country.

• When we invest in our people and strengthen the middle class, we see economic growth that benefits all Americans in all of America.

Internet for All Announcement Topline Points:

• High-speed internet service is no longer a luxury—it’s a necessity. It is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected. Yet, we know that more than 8.3 million households and businesses are in places where there is no high-speed internet infrastructure. And many more American families go without high-speed internet because of the cost.
• Through investments in the president’s Investing in America agenda, the Biden-Harris administration is working to bring affordable, reliable high-speed internet to ALL Americans.
• Today, President Biden and Vice President Harris are kicking off the administration-wide Investing in America tour by announcing over $40 billion in funding allocations that will go to every U.S. state, territory, and D.C. for high-speed internet infrastructure.
• The funding comes from the Department of Commerce’s $42.45 billion BEAD (Broadband Equity Access and Deployment) Program, which represents the largest single investment in high-speed internet in history.
• With these allocations, all states and territories received a minimum of $107 million and $27 million respectively, and 19 states received allocations over $1 billion.
• In addition to helping connect everyone in America to high-speed internet, this new funding will support good paying jobs. In total, a third-party analysis estimated the overall investment would create upwards of 150,000 good-paying jobs laying fiber optic cable and building out networks.
• As a result of once-in-a-generation funding in the president’s Investing in America agenda, the Biden-Harris administration has embarked on a whole-of-country effort to bring affordable, reliable, high-speed internet to every American. The BEAD allocations that the president will announce on Monday, together with the other investments from the oresident’s Bipartisan Infrastructure Law and the American Rescue Plan, the administration is confident that the US will meet the president’s goal of Internet for all.