Biden on his plan to fight inflation
Biden will discuss his plan to fight inflation, which he says will aim to lower both costs and the deficit, according to an excerpt of his State of the Union address released by the White House.
"We have a choice. One way to fight inflation is to drive down wages and make Americans poorer. I have a better plan to fight inflation," he said in the prepared remarks.
"Lower your costs, not your wages. Make more cars and semiconductors in America. More infrastructure and innovation in America. More goods moving faster and cheaper in America. More jobs where you can earn a good living in America. And, instead of relying on foreign supply chains -- let’s make it in America," the speech continues.
"Economists call it 'increasing the productive capacity of our economy,'" the president said in the prepared remarks. "I call it building a better America."