Pelosi and Dems’ pork-packed ‘COMPETES Act’ will not help us defeat China

As expected, this bill is packed with radical far-left agenda items that will not help the United States compete against China. Just like the so called “infrastructure” bill. What a disgrace. The damage that the Democrats are doing to the United States is incredible. The American people better understand what is at stake in 2022 and 2024. Watch below.

Dems’ $350B “China proposal” is their big govt socialist bill 2.0

➡️ $10B for a climate slush fund
➡️ $45B “supply chain resiliency” program that favors labor unions
➡️ Mentions coral reefs more times than China
➡️ Refers to climate change 2X more than national security pic.twitter.com/xZYXF9J7hH

— Rep. Andy Barr (@RepAndyBarr) February 2, 2022

Pelosi and Dems’ pork-packed ‘COMPETES Act’ will not help us defeat China

The COMPETES Act combines bipartisan solutions with studies on coral reefs and an $8 billion climate slush fund

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By Fox News, February 3, 2022

House Speaker Nancy Pelosi, D-Calif., is rushing to pass the so-called COMPETES Act before President Biden’s State of the Union speech, to give him something to talk about when he addresses America on March 1.

Like their “Infrastructure Bill,” Democrats’ proposed legislation is packed with liberal agenda items that do not accomplish the identified purpose, in this case, competing with China, and will likely end up hurting our businesses.

We all agree that the U.S. needs to do more to improve our position against China. Freedom and democracy must overcome communism.

Fortunately, there are bipartisan solutions available to address many of the problem we face. Funding the CHIPS for America Act, which provides money for our domestic semiconductor manufacturing sector, is a great place to start.

Recent investments from Intel and others confirm that the potential is real. However, we have hemorrhaged so much of our capabilities to China that we need more – especially if President Biden is going to stand by and watch China take over Taiwan (another major producer of semiconductors). Instead of choosing bipartisanship, Speaker Pelosi has crafted a package designed to meet the wish-lists of her most-liberal supporters.

The COMPETES Act combines good, bipartisan solutions with studies on coral reefs and an $8 billion climate slush fund – this is no way to outmatch our greatest adversary.

The Speaker should re-purpose that $8 billion into something that matters, like shoring up our Critical Mineral supply chain which is required for everything from electric vehicles to F-35s.

China and Russia continue to make serious investments in these minerals and we need to be doing the same. For context, China processes approximately 90% of the world’s rare earth elements, and roughly 50%- 70% of the world’s lithium and cobalt.

These are the issue sets Congress needs to address head-on in any legislative package aiming to take on China. Specifically, the COMPETES Act could easily be improved in the following ways:

1. Repurpose the $8 billion climate slush fund with a direct loan program targeted at addressing America’s critical mineral insecurity.

2. Add Senator Tom Cotton’s, R-Ark., bipartisan Restoring Essential Energy and Security Holdings Onshore for Rare Earths Act of 2022 to the package, which requires the Pentagon to stockpile U.S. rare earths and prohibit defense contractors from using Chinese rare earths in military equipment.

3. Remove all aspects of the bill that do not directly relate to China and U.S. competitiveness. The more votes the final proposal gets, the more it will intimidate the Chinese Communist Party – there is strength in unity. The poison pills that Speaker Pelosi has injected into this process are unnecessary and will ultimately kill her package.

The Senate was able to pass bipartisan legislation on this topic last year, so why can’t the House do the same?

If we are serious about getting tough on China, we need to do it as one United States of America.

 

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