{"id":3591,"date":"2022-04-01T23:02:00","date_gmt":"2022-04-01T23:02:00","guid":{"rendered":"https:\/\/linksus.net\/remarks-by-president-biden-on-the-march-jobs-report-the-white-house\/"},"modified":"2022-04-01T23:02:00","modified_gmt":"2022-04-01T23:02:00","slug":"remarks-by-president-biden-on-the-march-jobs-report-the-white-house","status":"publish","type":"post","link":"https:\/\/linksus2.linksus.net\/index.php\/2022\/04\/01\/remarks-by-president-biden-on-the-march-jobs-report-the-white-house\/","title":{"rendered":"Remarks by President Biden on the March Jobs Report – The White House"},"content":{"rendered":"

\t\t\t\t\t\t\t\tThe White House<\/strong>
\t\t\t\t\t\t\t\t1600 Pennsylvania Ave NW
\t\t\t\t\t\t\t\tWashington, DC 20500 \t\t\t\t\t\t\t
State Dining Room
10:56 A.M. EDT
\u00a0
THE PRESIDENT:\u00a0 Good morning.\u00a0 Today, we learned that in March, our economy created 431,000 jobs.\u00a0 Nice sound to it.\u00a0 And we also learned that in January and February, our economy created 100,000 more jobs than had — we previously had thought.\u00a0 That means that over the last three months, the economy has created\u00a0more than a half million — more than 500,000 jobs a month.
\u00a0
Over the course of my presidency, our recovery has now created 7.9 million jobs — more jobs created over the first 14 months of any presidency in any term ever.\u00a0 And that’s striking.\u00a0
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But what’s even more striking is this: In March, the unemployment rate fell to 3.6 percent, down from 6.4 percent when I took office about 15 months ago — the fastest decline in unemployment to start a President\u2019s term ever recorded.\u00a0\u00a0
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In fact, there have been only three months in the last 50 years where the unemployment rate in America is lower than it is now.\u00a0
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And that me- — what it means is clear, is very clear: Americans are back to work.\u00a0 And that\u2019s good news for millions of families who have a little more breathing room and the dignity that comes from earning a paycheck — just the dignity of having a job.
\u00a0
And more and more Americans get jobs — as they do, it’s going to help to ease the supply pressures we\u2019ve seen.\u00a0 And that\u2019s good news for fighting inflation, it\u2019s good news for our economy, and it means that our economy has gone from being\u00a0on the mend to being on the move.
\u00a0
You know, the American people, I think they — they’re beginning to understand that the American Rescue Plan — and there’s no reason why they should know the names of all these pieces of legislation that got passed — but the American Rescue Plan, with it, we were able to get Americans vaccinated, schools open, and businesses humming.\u00a0
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A leading financial firm, Moody\u2019s, estimated that because of the Rescue Plan, 4 million more American jobs were created and unemployment is 2 percent lower than it would have been had we failed to move that legislation.\u00a0\u00a0
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Thanks to our infrastructure law, we have more than 4,000 projects getting started this year — 4,000 — in every single state in America — a total of 4,000 in all 50 states, rebuilding America.\u00a0
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We\u2019re building a recovery worth of — worthy of American workers: strong and resilient.\u00a0 And it’s going to be able to overcome the headwinds — and it has — of Delta, Omicron,\u00a0and even war in Europe.
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Our policies are working.\u00a0 And we\u2019re getting results for the American people — which is what it’s all about, to state the obvious.
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Record job creation.\u00a0 Record unemployment declines.\u00a0 Record wage gains.\u00a0 And, by the way, jobs and unemployment are not just another statistic.\u00a0 They go directly to the core of what the economy represents: the ability for hardworking Americans to live with dignity, support their families, and build a better life for their children.\u00a0
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People are making more money.\u00a0 They\u2019re finding better jobs.\u00a0 And after decades of being mistreated and paid too little, more and more American workers have real power now to do — get better wages and to do what\u2019s best for themselves and their families.\u00a0\u00a0
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Some people see that as a problem; we’ve had this discussion in the past.\u00a0 I don\u2019t.\u00a0 I see it as long overdue.\u00a0
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So when you hear these numbers, they’re not statistics; it\u2019s a statement of the type of economy\u00a0we\u2019re fighting for — an economy, as I’ve been saying from the beginning, built from the bottom up and the middle out — not from the top down.\u00a0 When we do it that way, everybody does well, everybody wins.\u00a0
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Even though we\u2019ve created a record number of jobs, we know — I know — that this job is not finished.\u00a0 We need to do more to get prices under control.\u00a0
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Putin\u2019s invasion of Ukraine has driven up gas prices and food prices all over the world.\u00a0 To help deal with that, yesterday I authorized the release of 1 million barrels per day for the next six months from our Strategic Petroleum Reserve.\u00a0\u00a0\u00a0
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I acknowledge this, by far, is the largest release from our national reserves in our history.\u00a0 It is a wartime bridge — is the way I look at it — to increase our oil supply as we work with our oil — U.S oil producers to ramp up their production to get us through this period.\u00a0
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I’ve coordinated this release with partners and allies around the world.\u00a0 This morning, over 30 countries from across the world convened an extraordinary meeting and agreed to the release of tens of millions of additional barrels of oil onto the market.\u00a0\u00a0
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Hundreds of hours of meetings with key allies, keeping them together, is paying off.\u00a0 Nations are coming together to deny Putin the ability to weaponize his energy resources against American families — not only American families, but families in Europe and around the world.
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I\u2019ve also made it a priority to get America\u2019s fiscal house in order.\u00a0 Under my predecessor, the federal budget deficit went up every single year — every year.\u00a0 As I committed when I was running and I got here, we\u2019re going to turn that around.
\u00a0
In fact, last year, in 2021, we cut the federal deficit by more than $350 billion.\u00a0 And this year, in 2022, we’re on track to cut the deficit by more than $1.3 trillion — $1.3 trillion.\u00a0 That would be the largest one-year reduction in the deficit in U.S. history.\u00a0 And it’s particularly important now as we work to reduce pressures on inflation.\u00a0 That’s what happens when you reduce the deficit.\u00a0
\u00a0
So here are the facts: It was the previous administration whose reckless policies and mismanagement led to the record budget deficits.\u00a0 In my administration, that\u2019s getting the deficit under control.\u00a0
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In fact, I just released my budget this week, and it shows, going forward, we can cut the deficit by another $1 trillion over the next decade while still making prudent investments in economic growth, in climate, and other equitable economic decisions.\u00a0\u00a0
\u00a0
But to do that, we have to be willing to do something previous administrations and Republicans today refuse to do.\u00a0 We need to make sure corporations and the super wealthy begin to pay their fair share.\u00a0
\u00a0
Here’s one example: Right now, billionaires — and there’s not a whole lot of them in the country; maybe I won’t give a number because I don’t know for sure.\u00a0 They — they average less than 1 percent.\u00a0 But my point is billionaires pay an average rate of only 8 percent on their total income.
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A family led by a firefighter and a teacher can pay double that income tax rate — double what a — what a billionaire pays; double the 8 percent.\u00a0
\u00a0
So my budget has a Billionaire Minimum Tax — a 20 percent minimum tax that applies only to the top one — one-hundredth of one — one-hundredth of 1 percent of American households.\u00a0
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The Billionaire Minimum Tax is fair.\u00a0 And here’s the deal: It raises $360 billion that can be used to lower costs for families and cut the deficit.\u00a0 It would add — it would — and I would add, nobody making less than four — and you’re tired of hearing me say it, but no one making less than $400,000 a year will pay a single penny more in federal taxes.
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As I’ve said in the past, I’m a capitalist.\u00a0 I have no problem with people making as much money as they are capable of making.\u00a0 But I’m asking you one simple question: Just pay your fair share.\u00a0 Pay your fair share.\u00a0 That’s all.\u00a0 That’s it.\u00a0 Just your fair share.\u00a0\u00a0
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And no one can argue that 20 percent for a billionaire is unfair. \u00a0
\u00a0
Here’s what this adds up to: We’re going to continue to create jobs, bring down the cost for families, and rein in deficits left by my predecessor — all important steps in our pro- — to continue our historic progress to build a better America.\u00a0\u00a0
\u00a0
I said from the outset we’re the only country in the world that’s comes out of crises stronger than we went into them.\u00a0 That\u2019s what we\u2019re doing here.\u00a0
\u00a0
I want to thank you all for showing up today.\u00a0 And we’ll have plenty of time to answer questions about other items other than the — the jobs report next week.\u00a0 Thank you.\u00a0 Appreciate it.
\u00a0
11:04 A.M. EDT
We’ll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better.
\t\t\t\t\t\t\t\tThe White House<\/strong>
\t\t\t\t\t\t\t\t1600 Pennsylvania Ave NW
\t\t\t\t\t\t\t\tWashington, DC 20500 \t\t\t\t\t\t\t<\/p>\n

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The White House 1600 Pennsylvania Ave NW Washington, DC 20500 State Dining Room10:56 A.M. EDT\u00a0THE PRESIDENT:\u00a0 Good morning.\u00a0 Today, we learned that in March, our economy created 431,000 jobs.\u00a0 Nice sound to it.\u00a0 And we also learned that in January and February, our economy created 100,000 more jobs than had — we previously had thought.\u00a0 […]<\/p>\n","protected":false},"author":869,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/posts\/3591"}],"collection":[{"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/users\/869"}],"replies":[{"embeddable":true,"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/comments?post=3591"}],"version-history":[{"count":0,"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/posts\/3591\/revisions"}],"wp:attachment":[{"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/media?parent=3591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/categories?post=3591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/linksus2.linksus.net\/index.php\/wp-json\/wp\/v2\/tags?post=3591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}