the rest of the world is closing in and
closing in fast
we can't allow this to continue american
jobs plan is the biggest
increase in our federal non-defense
research and development spending
on record it's going to boost america's
innovative edge
in markets where global leadership is up
for grabs
markets like battery technology
biotechnology
computer chips clean energy the
competition with china in particular
that was president biden unveiling his
two and a quarter trillion dollar
spending plan yesterday he is planning
to pay for it
by raising taxes the first increase in
taxes
is going to be the corporate tax rate
going to 28 percent from 21 percent
he's also looking to impose a 21 global
minimum tax
and a 15 tax on reported income more tax
increases are expected to be announced
in the next two weeks
joining me right now is wisconsin
senator he is member of the senate
budget foreign relations and homeland
security committee's
ron johnson senator it's always a
pleasure to see you thanks very much for
joining us
i was struck personally by what he said
because he said
global leadership is up for grabs
i i never heard him say that the global
leadership is
up for grabs i know china is rising and
rising fast
but is it are we that close in terms of
losing
global leadership senator well good
morning maria
when i heard that what i thought back to
was president obama's defense secretary
robert gates and his comment about vice
president biden at the time that he'd
been wrong
on virtually every foreign policy issue
over the last
four decades last 40 years and i think
what we're looking at now
first of all i think america's awakening
the fact that
president biden is not a moderate his
agenda is radical
and i fear what we're going to discover
is that he's going to be wrong on every
domestic
spending issue every domestic policy
issue over the next four years of his
administration as well
we're already seeing the disaster of his
policy as it relates to the southwest
border and
now he's talking about probably adding
another six trillion dollars
to our debt when we don't have to you
know we we are
we see the light being the tunnel on on
covet we didn't need the 1.9 trillion
dollars
there are things that we could do but
not
not to this extent not this massive
level of spending
and borrowing that we don't have this
money this isn't monopoly money
but that's apparently the way his
administration views this
so so how is this going to get through i
mean are they going to try to use
reconciliation to jam this through
or or are they going to get any
republican support
and will democrats go along with this as
well
all open questions at this point and and
how do you see this working because he
says that the spending will be in place
for eight years
but the but but the tax increases
are going to be in places for 15 years
can you make that assumption that you're
going to get
the money to pay for this over 15 years
when we don't even know
who's going to be in in office
well what they'll do and this is the way
they craft these packages they
put a few good things in these bills to
attract people
and then they try and have everybody
else ignore
the trillions of dollars of other
unnecessary or radical leftist policies
that are also part of these packages so
i hope this thing
can't pass i think the only way it can
is through reconciliation where you have
every democrat
plus kamal harris uh vote for this uh
i would hope uh kirsten cinema and joe
manchin realize that we don't have an
unlimited checking account or mortgage
our kids futures and that's that's
immoral
and that these policies just simply
won't work if you're concerned about
american competitive
competitiveness go back to what
president trump did make sure we have a
reasonable
regulatory environment make sure we
don't over tax
uh businesses and and americans let
americans keep as much of their
hard-earned money as possible
and have them invest in in businesses
and growing our economy
the government's just not very good good
at remember under president obama he had
his stimulus
you know crescent dunes
that there's a hundred there's about a
billion dollars this is completely
wasted
and you're going to see more and more of
that if you rely on government to invest
and pick winners and losers they're just
not very good at