LIVE: Biden Delivers Remarks on Investing in America

Please take a seat if you have one, if you don't, you can build one real quickly. I tell you what, I was thinking back there when Cesar was speaking that it's been a while. Harry Reid, I told you 35 years ago, get this sucker done, we're getting it done. You think I'm joking. I've ridden on rail probably more than all of you combined. No, really. I got to tell you, it's going to make this longer, I apologize, but a real quick story. I was vice president and the Secret Service, the best in the world, but they don't like you riding a train because so many things can happen on a train along the way. And so, but I was going home to see my mom, I was catching a five o'clock train I used to take every single day, the seven o'clock train out of Washington. I live 150 miles from Washington and I took the chain every single day because my wife and daughter were killed. I started going home to see my, anyway, make a long story, not quite so long. And I was getting on the train and one of the senior guys in Amtrak, I became friends with all of them after all the years. And I've ridden 36 years as a senator and he comes up to me, his name is Angelo and he comes up to me, he says, Joey, baby, he grabbed my cheek and said, I thought they're going to shoot him. And I said, Ang, what's the matter? He said, we just said, I just read in the newspaper because they keep meticulous mileage. How many times do you, how many miles do you use an aircraft in for the United States Air Force as vice president? I just read in the paper, Joey, you traveled 1,000, excuse me, 1,200,000 miles in Air Force. He said big. I won't quote him exactly. He said, big deal, Joey. He said, we just had a retirement dinner in Newark, New Jersey. He said, just had a retirement dinner. You know how many miles you've ridden? I said, no, Ang. He said, 1,327,000 miles. I don't hear any more about the Air Force. Well, guys, I, uh, I'm a real guy, not a joke. And you know, before I get started, though, I should say a few words about the terrible incidents that's happened and all my colleagues have recently spoke to. First of all, two state Nevada troopers killed in the line of duty. They were helping a driver in the side of a freeway. And when they were killed by hit and run driver. And two days later, a gunman opened fire at the University of Nevada, Las Vegas. Three people killed, a fourth now in hospitalized. I'm grateful the law enforcement officer risked their lives in the safety of shooting spree. You save lives. They walked in and saved lives. And we joined the people across the country, praying for the families of those killed whose hearts have been broken by yet another horrific gun violence. Look, I own a couple shotguns. I haven't shot them in a while because I used to usually just make target practice, skeet shooting. But, you know, the idea that we the way we deal with guns and students and educators experience this trauma of the shooting that took place. Las Vegas, Las Vegas already, they've already had real difficulty. So much gun violence, 2017 shooting still in the minds of so many people. I was out here meeting with the families, folks, we got to get smart. There have been over 600 mass shootings in America this year alone, plus daily acts of gun violence that don't even make the national news. This is not normal and we can never let it become normal. People have the right to feel safe, be safe. And I'm fighting to make sure they do. But all these actions I've taken as president of the United States to end this gun violence epidemic is not enough. We need Congress to step up. The idea if you were driving your automobile here and you left in the key in the parking lot, you left the key in the ignition and the kid came up and jumped in and stole it and they got in a crash, you're liable civilly. Why in God's name do people not have to lock up their firearms? Why is that not a requirement? All these mass murders, not this weekend, but because people have picked up, kids have grabbed stuff off of counters, off of their, anyway, I don't want to get, I get angry. We need to ban assault weapons in high capacity magazines, pass national red flag laws as you've done here, require safe storage and act universal background checks and other common sense measures to save lives because, you know, the second amendment didn't say you can own any gun, you can own any weapon. You couldn't own a cannon when you were in, when the second amendment was passed. You couldn't. Anyway, don't get me started, but look, I'm not going to rest until we do all we can to prevent more families and more communities from being torn apart by gun violence. And now for the reason I came, I came to thank the carpenters and your president, Doug McCarron, has been a friend of mine for a long time. Doug does what he says he never backs down and he always knows what to do. God love you, Doug. I'm your great friend. Thank you. Thank you very much. Look, folks. And, uh, you know, I was telling Doug, the first, uh, union ever introduced me with his carpenters from Newcastle, Delaware, a town of 370 years old with Delaware river. His name was McCullough and he was a crotchety old son of a gun. And I was, I was running for the Senate as a 29 year old kid. I come from a very modest family and anyway, to make a long story short, I was running and I, if I got elected, which I did, I was going to be 17 days too young to be sworn in. I had to wait a little bit. And McCullough looked at me and said, I'm going to endorse you Biden. You understand what we're doing, but damn boy, I'm not sure I'm doing the right thing. You're awful young. You're not even old enough to be president, old enough to be Senator. You guys blew me from the very beginning and I want to thank governor Lombardo and members of the Nevada's outstanding congressional delegation. Jackie Rose is a friend and, and Catherine Mastow or Cortez Mastow ever all, but the guy she's married to is pretty good, former secret service and Dana Titus and representative Susie Lee and Stephen Horsford, who's chair of the congressional black caucus. Your relentless work for the people of Nevada brought this historic project home to your great state. I also want to thank our partners in the private sector, Wes and the whole team of Brightline is supporting this project. It's a big deal. And I mean big deal. It's a lot of money, a lot of involvement. My investing in America agenda has now surpassed over attracting $628 billion in private and investment from all over the world of manufacturing and clean energy here at home. Just since we took office about two and a half, three years ago. What's happening here in Nevada is another great example. Special thanks to my friend, governor Sisolak, I don't know where the gov is, but he knew me, he heard me. He had to hear me talk about this for a long time back when he was governor. And finally, I want to thank a special member of my team, Mitch Landrieu. Now Mitch is from New Orleans. That's New Orleans in English. And he used to be the mayor, his dad was a mayor. He knows what he's doing. He's been leading the charge to implement this bipartisan infrastructure law. We actually got, surprise, we got about 36 republics to vote for it. That's, that's real. So thanks, Mitch. You know, nearly every day for 36 years as a senator, I told you I took that train back and forth to Washington, 300 mile round trip, took four hours, some total at the time I left the house and got back to the house and my, and each way, you know, I did it for my family. But I came to see how train and travel opens an enormous possibility for the nation. Rail connections, it connects jobs and opportunities for people. It gets goods to market, traffic off the street, travelers on the move. Railroads made America a force in commerce and innovation in the world, uniting the country, building the most powerful economy ever in history of the world. But over time, though, we fell behind. Our infrastructure used to be the best in the world. When I took office, we were ranked 13 in the world in our infrastructure, roads, bridges, et cetera. Now we're turning around in a big way. We're in an economic competition for the 21st century. By the way, China's had trains going 220 miles an hour for a while now, 220 miles an hour for a while now. Look, we have the best economy. How can you be the best economy in the world without having the best infrastructure in the world? And we're going to do that. That's why I'm here to talk about an ambitious vision for America to be fully within our reach. And I really believe it is. When I ran for president, I made a commitment to build a world-class high-speed rail worthy of the United States of America, worthy of America. I mean it. Put our nation back on track for the fastest, safest, and greenest railways in the world. And finally, to bring high-speed rail to our nation. Today, I'm here to deliver on that vision. You have no idea how much this pleases me. At long last, we're building the first high-speed rail project in our nation's history, and it started here. As part of $8.2 billion investment, we're making 10 major rail projects across America, reaching tens of millions of people. We're putting high-speed rail on the fast track. Together, we're finally going to make high-speed rail happen between Las Vegas and Los Angeles. Folks, we've been talking about this project for decades. Now we're really getting it done. I want to thank the members of the Nevada's congressional delegation for all they've done to make it possible. And here's why it matters. Some of you know what it's like to sit in traffic on interstates, not the one between here and L.A., which is real, but all interstates. Guess what? Trying to make that drive from L.A. to Las Vegas, or Las Vegas to L.A., or anywhere in between is a pain in the neck. It can take up to seven hours, but soon it's not going to be any more. We're investing $3 billion on this rail line so folks can make that trip in just over two hours. Two hours. 186 miles an hour. And it won't just get there faster. The rail project reduces carbon emissions by taking three million vehicles off the highway. Three million. And all the studies show, by the way, people can get from point A to point B faster on a train than their car. They take the train. Think of what that's going to mean to the environment. Think of what it will mean for the local economy. New rail line will transport 11 million passengers a year. That means more visitors, more business, more Las Vegas, more money. And if a casino worker wants to take their kid to California for the weekend, they can have breakfast here in Las Vegas and lunch in L.A. Look folks, what it really means, it means growth, it means opportunity for towns and communities between here and the California coast. It's on track to be completed by the 2028 Olympics in Los Angeles. Guess where they're going to come and visit, huh? It means with high-speed rail, Las Vegas can host more than hundreds of, some of the hundreds of thousands of visitors and athletes who are expecting from around the world. And here's the best part. It means jobs, union jobs, job, job, job. I'm a big environmentalist. Why am I always talking about the environment? When I think environment, I think jobs. 35,000 jobs during construction phase, 10,000 union jobs in the building trades. Carpenters, electricians, iron workers, laborers and more, jobs and jobs beyond. In fact, once we complete this train line, it's going to be operated by union workers. That means 1,000, that means 1,000 new jobs for track and signal workers, on-board workers, shop-craft workers, everyone, everyone who works on the rail. And for those good-paying jobs, they don't require a college degree, but you got to work just as hard to get one, man. Union workers are the most highly-trained skilled workers in the, this is not a joke, the most highly-skilled workers in the world. You know, I'm not just saying it, but you guys don't talk enough about it. It's like going to college. You got to be an apprentice for four to five years. You can't walk up and say, I want to be a carpenter. You got to go to school to be a carpenter and you got to do it here. You know, the long-term, I had the Treasury Department do a study, the cost is more efficient to hire a union worker because you do the best jobs, the best results, and the last the longest and long run, you're cheaper for the employer than if you weren't a union worker. That's why I always say, look, folks, I say this all the time, Wall Street did not build America. The middle class built America, and unions built the middle class. That's the truth. That's true. There would be no middle class without unions. That's a fact. And by the way, I know I'm going to look like I'm 41, but I'm not new to this. It's not, you guys don't even realize how important you are. You built the middle class. It would never have occurred without you, without union wages. Another high-speed rail project we're announcing today is in California. Ultimately, it's going to take folks from Los Angeles through the Central Valley all the way to San Francisco, but less than three hours. But today, the journey can take eight hours by bus or car. Think of how this train will transform California's Central Valley with new businesses, new residents, visitors, economic opportunities. Or what it will mean to folks who live in inland towns and commute to work in California and coastal cities. It's a game changer. I mean, you know, we make these speeches, but I mean every single word I'm saying literally. To put all this in perspective, this project in California is the most ambitious rail project in the entire Western Hemisphere. It expects to carry 31 million passengers a year, will be 100% powered by renewable energy. And once again, this project is about jobs. It's already created 12,000 good-paying union construction jobs with thousands more to come. Many of us have pushed for this high-speed rail project in California for a long time. In fact, the very first federal dollars that went out came from the Recovery Act, which was a change which I was in charge of as vice president to help us recover from the Great Recession of 2009. The last administration tried to cancel it. Now, I promise you, once it's built, they're going to be claiming credit for it. Remember I said it. But they failed. I want to thank two people who couldn't be here today who made the California project possible. Speaker Nancy Pelosi, the most effective speaker in the House of American history. She has relentlessly pushed for high-speed rail in California. She knows how critical it is to people's lives and to the strength of the economy across California and across the country. No one has done more to make it a reality. And Governor Gavin Newsom, a tremendous governor who never gave up the fight to get this done. And folks, we're not stopping now. I know we're here about this project, but these projects were joined by others across the country. I made sure we had just not just two. North Carolina, Virginia, Illinois, Pennsylvania, improving rail service in Montana, Maine, New Hampshire, all the way to the Alaskan Railroad. We're supporting 69 rail projects still in the early stages across 44 states. On top of that, we're investing $9 billion to replace over 1,000 Amtrak engines and cars across the country with scale-of-the-art equipment made in America by American workers. Made in America by American workers. And add it all up, we're making the biggest investment in history for passenger rail since the creation of Amtrak a half a century ago. All told, thanks to the bipartisan infrastructure, over 40,000 infrastructure projects were announced across America. Not just railroads, but bridges, roads, ports, airports, clean water systems, affordable high-speed Internet. And thanks to your congressional delegation here in Nevada, we've delivered $3.2 billion. Nearly 200 of these projects already here in this state. Over $400 million in affordable high-speed Internet statewide. We're helping school districts across the country, including Clark County. Electric school buses can keep kids with child asthma more healthy. Diesel exhaust from school buses pollute the air that kids breathe. We're installing sidewalks, streetlights, bike lanes along Stewart Avenue here in Las Vegas and the major roadways connecting downtown and East Las Vegas. The list goes on. We're going to change the way people are able to live. Folks, all this project stands in stark contrast to my predecessor. He always talked about Infrastructure Week. Four years of Infrastructure Week. But it failed. He failed. On my watch, instead of Infrastructure Week, America's having Infrastructure Decade. Decade. Over a billion, three hundred million, trillion, three hundred million dollars. Trump just talks the talk. We walk the walk. Look, he likes to say America's a failing nation. Frankly, he doesn't know what the hell he's talking about. I see shuttles in the ground, cranes in the sky, people hard at work rebuilding America together. Meanwhile, the vast majority of my Republican friends in Congress voted against the infrastructure law. But that doesn't stop them from calling up now and saying, Hey, Mr. President, we need a project in my district. Well, that's OK. I promised I'd be president of every American. And like I said before, I'll see them at the groundbreaking. Folks, I shouldn't be so flipped, but I made a commitment. And this is God's truth. I made a commitment to build this country, to stop the trickle-down economics. My dad was a hardworking guy, busted his neck. Not a whole lot trickled down on our kitchen table. Not a whole lot trickled down. My dad used to say, job is worth a lot more than a paycheck, Joey. It's about your dignity. It's about respect. It's about being able to look your kidney out and say, honey, it's going to be OK. It's going to be OK. Well, I decided we're going to build the economy a different way. Not a joke. Back when it really was burgeoning after the 30s. To build an economy from the middle out and the bottom up. That way the poor have a shot, the middle class do well, and the wealthy still do well. Matter of fact, they should be paying a hell of a lot more taxes. That's another issue. But to invest in ourselves again, in all Americans, they started off making fun of it, calling it by dynamics. Well, guess what? It is by dynamics. We have a lot more to do to put our plan that's already paying off. This morning, we learned that the economy added 199,000 jobs again this month. Solid, steady job growth. Like that, we call a sweet spot that's needed for stable growth and lower inflation. Not encouraging the Fed to raise interest rates. All told, we've created 14 million jobs since we took office. More than any president has created in all four years of a term. Wages are up more than inflation. The economy grew by 5% this last quarter. Today, the supply chains are strong. But we have more to do to bring down inflation beyond the two-thirds we brought it down. America has had the strongest growth and now has the lowest inflation of any major economy in the world. But there's more to do. We know the prices are still too high for too many things. That's why I'm fighting to lower the cost for prescription drugs. Guess what? Insulin. $400 a month for people. Guess what it is now? $35. And by the way, by 2025, no matter what, no matter what your prescription drug costs are, and some cancer drugs are $4, $5, $10, as much as $13,000. Nobody as a senior will have to pay more than $2,000 a month. Period. Bringing down health insurance and utility bills. That's why I'm fighting to eliminate the hidden junk fees that banks and airlines and other companies do to rip off consumers. Look, do you ever think when you pick up the phone and call and what your balance in your account is, you're going to get charged $20? Or you get in an airline and you want your kid sitting next to you and they tell you it's going to cost you another $300? I mean, this is ridiculous. Let me be clear. Now that we've built the supply chains and brought down costs, any corporation that is not passing on these savings along to consumers needs to stop this price gouging. The American people are tired of being played for suckers. And by the way, does anyone here think that the tax code is fair? If you do, raise your hand. You got it, baby. I made a commitment that nobody making less than $400,000 a year, which is way above what I ever made until I became president. But it was, look, in 2020, 55 of the biggest corporations in America, the Fortune 500, they paid zero in federal taxes. And they made $40 billion. $40 billion in profit. But not anymore. And the law got passed and signed. Big corporations now have to pay less than you pay. Going up to 15%. But guess what? They paid for all the programs we're talking about. And probably less than what you, as I said. We have to do more, though. Get this. We used to have, before the pandemic, we had in the United States of America, 750,000 billionaires. 750 billionaires. And guess what we have now? We have 1,000 billionaires. You know what their average tax rate is in the federal government? 8%. That's why I'm proposing a billionaire minimum tax of 25%. 25. The billionaires and big corporations paid their fair share to strengthen Social Security and Medicare. And we wouldn't have all this talk from the other team talking about having to cut it. We could bring down the cost of child care, elder care for working class and middle class people. Look, when we do that, the poor of a lot are up. As I said, the middle class does very well. And the wealthy still do well. We all do well. Let me close with this. When we see shovels on the ground, and people hard at work on these projects, I hope you feel something that really matters. At least where I come from in Scranton, Pennsylvania, and Claymont, Delaware, used to be a big steel town. Pride. Pride in America. Pride in knowing we can get big things done when we work together. You're all the real heroes of this story. We talk about what I did and others did. The American people, the American workers, neighbors and leaders in the community doing the work to bring your city into the future. That's what America does. That's why it's never been a good bet. As I told Xi Jinping, it's never been a good bet to bet against America. Never, never, never, never. And I've never been more optimistic about our future. Just remember who in God's name we are. We're the United States of America, and there's nothing beyond our capacity. Nothing, nothing, nothing. We've always come out of every crisis we've ever faced. This is a God's truth. Check it out. Stronger than we went in. Every time when we work together, God bless you all, and may God protect our troops. Let's get this done.