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tv   President Biden on June Jobs Report  CSPAN  July 2, 2021 10:49am-11:08am EDT

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race against each other, dividing us constantly. people, there have been a couple million people bought legally handguns in the last few years. why do you think people is doing this? you have to stop with the fake news. the democrats need immunity taken away from them, all of them. it is the lawmakers that is causing all this problem. so what's -- and then you look at the fake news, and look no further than c-span themselves. they are peddling this garbage constantly. what you going to do if there is a civil war? why do you think people's retake your life to the white house were president biden is speaking about the june unemployment report which showed 850,000 jobs were added last month. live coverage. >> we get prepared to celebrate independence day, and today's
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job news brought something else to celebrate. this morning we learned that in june our economy created 850,000 jobs, 850,000 jobs. wages went up for american workers pick since we took office our recovery has credit an average 600,000 -- dollars, 600,000 jobs per month. we now created over 3 million jobs since i took office here more jobs that have ever been critical in the first five months of any presidency in modern history thanks to the incredible work of the entire team. this is historic progress. holding our economy out of the worst crisis in 100 years. driven in part by our dramatic progress in vaccinating our nation and beating back the pandemic as well as other elements of the american rescue
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plan. today, the u.s. is the only major advanced economy where the oecd projections of a future output are higher today than they were in january 2020 before the pandemic yet. and america was ranked first in bloom burgs covid resilience ranking. none of this happened by accident. again, it's a direct result of the american rescue plan. and at the time people question whether or not we should do that even though we didn't have bipartisan support. well, it worked. in february, the congressional budget office projected 2021 economic growth would be 3.7%. yesterday, they doubled that number to 7.4%. in large part angst to the american rescue plan and work to defeat the virus. the last time the economy grew at this rate was in 1984 and ronald reagan was telling us
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it's morning in america. well, it's getting close to afternoon here. the sun is coming up. at the time cvo revised their long-run deficit projections down as a share of gdp that they just have done. so the american rescue plan is strength in our financial position and it grows our economy. it's continuing to grow our economy. the strength of our recovery is helping out -- helping as flip descriptor instead of workers competing for jobs that are scarce, players are competing with each other to attract workers. that kind of competition in the market doesn't just give workers more ability to earn higher wages. it gives them the power to demand to be treated with dignity and respect in the workplace. more jobs, better wages. that's a good combination. put simply, our economy is on the move and we have covid-19 on the run. yes, we have more work to do to get america vaccinated and everyone back to work.
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we are aiming for full employment, and that means keeping our pace on job growth including for black, hispanic and asian workers, but this progress is testament to our commitment to grow this economy from the bottom up in the middle out. american rescue plan divided resources to get shots in people's arms and checks in people's pockets. schools, schools were struggling to reopen so we may vaccinating teachers a priority. gating schools the much-needed support. in march we added just in the month of march we add 364,000 education jobs. small businesses and restaurants are getting crushed. now we're delivering the loans and support they need to reopen and to stay open. this morning we have learned that jobs in some hard-hit sectors such as restaurants, hotels, amusement parks were up by 343,000 last month.
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over 1.5 million 5 million in the past five months. more help is on the way. to give families just a little bit more breathing room. starting this month families will receive one of the largest ever single year tax cuts for middle class families have ever received. it's called the childcare tax credit, and here's how it works. in the past, you pay taxes and had your good income, you can deduct $2000 per child. that would come off the total amount of taxes you owe. you are to make children, you will get $10,000 dollars, take off $4000. in the american rescue plan we expanded that. now a parent would get $3600 for each child under the age of six, and $3000 for dependence they had between the ages of six and 17. so instead of just being a credit against the taxes you owe, it's now fully refundable
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credit, half of which will get paid out in monthly basis. look, what that means is this year middle class families with two young children can expect to get, receive a $7200 in rebates in effect, tax return, with monthly payments of $600 a month starting this month until it is paid out. eight out of every ten families who use direct deposit will get their refunds. they will be able to get a monthly payment on the 15th of every month from now to the end of the year so they get that paid out. help with families most need it, most need help to make ends meet. it's important. i've said for a long time it's time to give ordinary folks, ordinary americans, middle-class and working class americans a tax break. this is a type of tax cut that can help our economy because it
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will go to families who are going to spend it. also help lead historic reduction in child poverty. excuse me. the stork reduction in child poverty which will have long-term benefits for our economy. we're delivering $39 billion to help childcare providers serve more families, to help payers, particularly women, get back to work. last month our economy added nearly 25,000 childcare jobs. again, none of this happened by accident. we are providing, proving to the naysayers and the doubters that they were wrong. none of this is guaranteed to continue unless we finished our work. now is the time to accelerate the progress we have been making. now is the time to build in
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long-term foundation that we'vee played and build it in for a long term. economists of all stripes agree that my plan will create good jobs, drastically strengthen our economy in the long run. so we had to continue to make the investment that will allow our economy to build back better and deal everyone in. we took significant step in that direction last week with a bipartisan group of senators forced an agreement with me to move forward on key portions of my american jobs plan. it was, i was just in wisconsin were highlighted of this agreement is going to pave the way for generational investment to modernize our infrastructure, create millions of jobs according to the expert, and what will mean, ever, won't just be in center cities. will be every corners of the state at her nation, really create jobs repairing roads and bridges, replacing 100% of our nation's led water pipes, making a power grid more reliable,
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delivering high-speed internet to every american home rural and urban. we're going to put people to work building the nation what electric vehicle network, transitioning from diesel school buses and transit buses to electric buses, and bringing in world-class rail service to more americans by reducing and in the process reduce our carbon footprint for example, when i was up in wisconsin i said, i pointed out to the governors, i said i know it takes, i deny many people come couple hundred people against in the audience, said it takes, they tell me for an hours drive from here to chicago. with the money we have for mass transit here, you are going to be able to do that in two and a half hours. all the data shows when it's easier easy to get to someplace by rail, automobile, it's cheaper and it generates a whole lot less carbon footprint. we're going to create good paying union jobs capping hundreds of thousands of abandoned oil and gas wells to
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stop messing leaks which are devastating, to protect the health of our communities. these are good jobs. taken together these investments are going to position america to compete with the world and win the 21st century. as you bring home key parts of my american jobs plan, i'm going to make the case for equally critical investments that we still need including those in which i introduced at the same time, my americans family plan. what is running for president i put together a bold aggressive plan to deliver childcare, paid leave, universal pre-k for three and four year olds, free community college. maybe the most important thing among them was extending the childcare tax credit i just mentioned for another five years which was significant benefit middle-class and working class families. that's human infrastructure is this essential as her physical infrastructure that can help us create more good jobs, ease the
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burden on working families and strengthen our economy, strengthen the long run. these investments are critical and as the plants i i put ford tackle our climate crisis which are broad and deep, i'm going to fight to see them enacted and signed into law. we have a chance to seize this economic momentum of the first months of my administration, not just to build back, but i've been saying build back better. this is much already this much is already clear. we are on track and we're on the right track. our plan is working. we will not let up now so i want to thank everyone, wish you all a happy fourth of july. we will be able to go to ball games, be able to sit in the stadiums and you will be able to be with your families and backyard barbecues as we told them we will make more progress. so god bless america and may god protect our troops.
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>> about afghanistan, is the draw down going to be done in the next few days? >> no. no. we are on track exactly as to where we expect to be. but we want to make sure there was enough quote running room that we could get, wouldn't be able to do all until september. there will still be some forces left but it's a rational drawdown with our allies and it's making, so there's nothing unusual about it. .. and i think they have the capacity to be able to sustain the government they're going to have to be down the road work negotiations i suspect but i am concerned that a deal with the
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internal issues that they had to be able to generate the kind of support they need nationwide. and the government. [inaudible]. reporter: if they have been threatened as the reports have suggested, could be in six months or thereabouts and do you think you have the capability to help provide the kind of air support, military support to keep the capitol safe even if u.s. troops are pulling out. biden: we have worked out a variety of capacity. we can be value added that the advocate afghans will have to be able to do it with the air force i have by themselves. i don't want to answer any more questions on afghanistan look, fourth of july. i'm concerned that you guys are
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asking me questions and i'm going to celebrate the holiday weekend because great things are happening in the economy is going better than 40 years we have a record number of new jobs and covid-19 is down 90 percent wages are up for the first time in 15 years were bringing our troops home. we have all across america, people are going to ball games and doing good things. this is a good time, all of your negative questions, your legitimate questions. reporter: can you confirm were vaccination levels are high that they're going to be a new covid-19 outbreak. biden: i am concerned that people who have not gotten vaccinated, have the capacity to catch the variant and spreading to other people have not been vaccinated. i'm not concerned this going to be a major outbreak, in other words that we are going to have another epidemic nationwide.
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i am concerned lives will be lost and i was even reading today that there are some speculations and some judgments who's coming out that we may be able to even communicate the new variant to your pet. so for those of you have not been vaccinated because you don't think or just don't want to go through it, it is offered, it is accessible, it is free and is available and not only don't think about yourself, think about your family. thank about those around you. that's what we should be thinking about today. the fourth of july this year is different from the fourth of july last year. it will be better next year and thank you all. reporter: do you think congress will enact your plan. [inaudible]. biden: come on you guys. have you ever been confident
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about everything and guarantees. look folks, this is the process. i love you guys but it is a process. what you want me to say, yes, i am absolutely certain well are you absolutely certain that this information is going to work and investigating what happened on the sixth. are you guys confident that the republicans are going to participate. but, all i know what to do and i'm going to me this is do my best to do what i think the country has to do to try to be as persuasive as i can, and have thus far, and it seems to working a little bit. thanks. reporter: mr. president do think it's fair with the olympics. [inaudible]. >> were back in the white house this avenue and president biden will hold a ceremony with demarest becoming u.s. citizens
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