{"id":1534816,"date":"2022-07-01T10:50:21","date_gmt":"2022-07-01T14:50:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1534816"},"modified":"2022-07-01T10:50:25","modified_gmt":"2022-07-01T14:50:25","slug":"white-house-criticizes-mitch-mcconnell-for-threatening-semiconductor-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-criticizes-mitch-mcconnell-for-threatening-semiconductor-bill\/","title":{"rendered":"White House Criticizes Mitch McConnell For Threatening Semiconductor Bill"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-criticizes-mitch-mcconnell-for-threatening-semiconductor-bill%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1534816&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Biden administration has rebuked Senate Minority Leader Mitch McConnell (R-Ky.) for threatening withdrawal of Republican support regarding a semiconductor bill if Democrats move ahead with their economic <a href=\"https:\/\/www.theepochtimes.com\/t-reconciliation-bill\">reconciliation bill<\/a>.<\/p>\n<p>\u201cThe Republican Senate leader is holding hostage a bipartisan package [semiconductor bill] to strengthen American competitiveness versus China, that would yield hundreds of thousands of manufacturing jobs in places like Southern Ohio, Idaho, and other states around the country. It would lower the cost of countless products, and end our reliance on imports,\u201d a June 30 <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/06\/30\/statement-from-white-house-press-secretary-karine-jean-pierre-on-sen-mcconnell-holding-american-jobs-and-competitiveness-versus-china-hostage-to-protect-big-pharma\/\">statement<\/a> from White House Press Secretary Karine Jean-Pierre said.<\/p>\n<p>She went on to claim that Senate Republicans are choosing to \u201chelp China\u201d to outcompete the United States in a bid to protect the interests of drug companies. This takes the Republican Party\u2019s loyalty to special interests over working-class Americans to a \u201cnew and shocking height,\u201d Jean-Pierre said.<\/p>\n<p>In a July 1 <a href=\"https:\/\/twitter.com\/LeaderMcConnell\/status\/1542600738823618564\">tweet<\/a>, McConnell made it clear that there will be \u201cno bipartisan\u201d support for the Senate-passed version of the semiconductor bill called the United States Innovation and Competition Act \u201cas long as Democrats are pursuing a partisan reconciliation bill.\u201d<\/p>\n<p>The Senate version of the semiconductor bill was passed over a year back while the House passed their own version earlier this year. Both the chambers are currently negotiating their differing versions of the bill, discussing conflict areas like tax credits for chipmakers and trade provisions.<\/p>\n<p>McConnell\u2019s threat came as Senate Majority Leader Chuck Schumer is negotiating a scaled-down version of the economic reconciliation bill which includes drug price reductions, energy and climate provisions, and tax hikes on corporations and wealthy individuals.<\/p>\n<p>The reconciliation bill, which originally would have cost $2 trillion over a decade, has been criticized by Joe Manchin (D-W.Va.) who raised concerns about the bill\u2019s impact on inflation.<\/p>\n<p> Semiconductor Bill <\/p>\n<p>The semiconductor bill<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration has rebuked Senate Minority Leader Mitch McConnell (R-Ky.) for threatening withdrawal of Republican support regarding a semiconductor bill if Democrats move ahead with their economic reconciliation bill. \u201cThe Republican Senate leader is holding hostage a bipartisan package [semiconductor bill] to strengthen American competitiveness versus China, that would yield hundreds of thousands of [\u2026]<\/p>\n","protected":false},"author":186,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1534816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1534816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1534816"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1534816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1534816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1534816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1534816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}