Biden's 'Buy American': President will increase threshold for products considered 'Made in America' to 60% as he heads to Pennsylvania truck factory to demand taxpayer dollars be spent on domestic goods
Biden to reveal a new rule on Wednesday raising the threshold of products 'Made in America' from 55% to 60% of it's components being produced domestically By the end of the decade, that threshold will raise to 75% Rule is aimed at the federal government spending more taxpayer dollars on bolstering American manufacturing President will announce the initiative at a Mack Trucks manufacturing facility in Lehigh Valley, Pennsylvania – in the heart of the key swing state In April, Biden opened a Made in America Office, which incentivizes agencies to use taxpayer money to support this new 'Buy American' initiatives By Katelyn Caralle, U.S. Political Reporter For Dailymail.com
Published: 13:26 BST, 28 July 2021 | Updated: 20:56 BST, 28 July 2021
Joe Biden will roll out a new rule Wednesday increasing the federal threshold for what makes something 'Made in America' and ensuring more taxpayer money is spent on American made products and services.
The president will speak at the Mack Truck Lehigh Valley Operations in Macungie, Pennsylvania on Wednesday to reiterate the importance of 'American manufacturing, buying products in America and supporting good-paying jobs for American workers.'
In April, Biden opened a Made in America Office, which proposes ideas on helping agencies use taxpayer dollars to support this new 'Buy American' initiative.
That office's Tuesday rule proposal would increase the threshold of what qualifies as a 'Made in America' product when taxpayer dollars are being spent. Currently, products qualify when 55 per cent of their parts were manufactured in the U.S. The new rule immediately raises that threshold to 60 per cent with a phased increase to 75 per cent by
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