since i have been in office, clean energy and advanced manufacturing have brought him $470 billion in private investments. it s going to create thousands of jobs, good paying jobs all across this country, and help the environment at the same t time. remember at the beginning of this debate, some of my republican colleagues were determined to cut the clean energy investments. i said no. i kept the mall. there was so much more to do. we are going to do even more to reduce the deficit. we need to control spending if we are going to do that, but we also have to raise revenue and go after tax chiefs, and make sure everybody is paying their fair share. i promise no one making less than $400,000 year will pay a penny more in taxes. like most of you at home, i know that the federal tax system is not fair. that s why i kept my commitment again that no one earned less
you know, we also protected the most significant breakthrough ever, in dealing with the existential threat of climate change. today, new wind and solar power is cheaper than fossil fuel. since i have been in office, clean energy and advanced manufacturing have brought in $470 billion in private investment. it s going to create thousands of jobs, good paying jobs all across this country. and help the environment at the same time. you remember at the beginning of this debate, some of my republican colleagues were determined to gut the clean energy investments. i said no. we kept them all. and there s so much more to do. we re going to do even more to reduce the deficit. we need to control spending if we re going to do that. we also have to raise revenue and go after tax cheats and make sure everybody is paying their fair share. no one, i promise, no one making
$160 billion that is not having to be paid out because of drug prices. we pay the highest drug prices of any industrial nation in the world. it is just the beginning. we also protect the most significant breakthrough ever in dealing with the existential threat of climate change. today new wind and solar power is cheaper than fossil fuel. since i have been in office, clean energy and advanced manufacturing have brought in $470 billion in private investments. it will create thousands of good paying jobs all across the country. it will help the environment at the same time. remember at the beginning of this debate, some of my republican colleagues were determined to cut the clean energy investments. i said no. we kept them all. there is so much more to do. we are going to do even more to
investing, guess what, we ve got a commitment for investments of $470 billion by american companies home and abroad, like micron in syracuse investing $100 billion over the next 20 years to build semiconductors thanks to the hard work of chuck schumer and governor hochul. ibm of poughkeepsie, investing $20 billion over the next computer chip. putting america back in the game and creating thousands of good-paying jobs. many of these jobs, and first of all, the construction takes a lot of jobs. they don t require four-year degrees when their in these fabs. the average pace will be close to $100,000. you don t need a college degree. that s progress. but i know folks are still struggling with inflation. the way i think about it is the way my dad used to talk about it
right date. we have a lot more work to do but we re making real progress. we ve already tracked $470 billion in private sector commitments in manufacturing and clean energy technology and and we re bringing back the supply chain to the united states. i don t ever want to be in a position again where a major initiative we have and a major element of our economy is dependent on a supply chain somewhere else in the world, particularly if it s not particularly friendly. and we re doing all of this, having reduced having already in the first two years reduced the deficit by $1.7 trillion. that s occurred. that s happened. it s done. and the budget i propose that i proposed back on march 9, i think it was, first couple weeks of march, that budget if it were to be passed would cut the deficit another $3 trillion. $3 trillion over the next ten years. unfortunately, our i won t