so automatic emergency braking and lane departure warning work properly to get you back on the road safely. >> instructor: and that means a lot! >> tech: schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ there's always a fresh deal on the subway app. like this one! 50% off?! that deal's so good we don't even need an eight-time all-star to tell you about it. wait what? get it before it's gone on the subway app! ♪ welcome to "cnn newsroom." i'm victor blackwell. any minute now, we'll see president biden in philadelphia. he'll deliver a is speech about his budget plan for 2024. and the white house says he'll outline his plans to reduce the deficit and vow to protect social security and medicare.

cnn white house correspondent arlette saenz joins us now, so, arlette, the president has not announced that he's running for election. but there's some expectation that this speech is going to have the tone of a campaign speech. >> reporter: well, victor, take a look at where president biden decided to unveil this election, that's in the battle ground state of pennsylvania which would be critical to the upcoming election look, the presidential advisers are aware that the budget as proposed is unlikely to go anywhere up on capitol hill. but it does offer the president an opportunity to really lay out what's at stake for both the policy and political battles ahead, especially when you think of the fight, the looming fight, over the debt ceiling expected to play out over the coming month. the omb director shalanda young calls it a healthy start to the conversation. and ultimately, it lays out what

president biden values. taking a look at what this budget entails. the president is calling for $3 trillion in deficit reductions over the next ten years. in order to pay for that he plans on increasing taxes on the wealthiest americans as well as a billionaire's tax as well as increasing the tax rate on large corporations. some of the items highlighted on this budget are things that the president has been talking about for years. and that included trying to shore up social security and medicare at a time when he's trying to draw battle lines with republicans on those programs. he's also called for billions of dollars in investment in child care, along with enhancing the tax child credit. and he's also calling for a $35 cap on payment for for insulin for all americans. so much a part of democratic wish list that the president is trying to outline in the budget but then there are fights expected to come with republicans up on capitol hill as republicans now have control

of the house when it comes to republican funding and also the debt ceiling. republicans have said they do not want to see any increases to the debt ceiling without cuts to spending. and one thing that the president is doing with the unveiling of the budget is trying to put republicans on the spot. prying to lay out for americans how exactly they expect the plan to reduce the deficit. but so much of this budget for the president is about trying to draw that contrast between what his white house is doing and with what republicans are eyeing, especially as he could be heading towards a 2024 re-election bid in the coming months. >> yeah, statement of priorities here. arlette saenz, thank you. we're expecting to hear from the president in just a few minutes. we'll take you back to philly as soon as that starts. let's go to capitol hill. we just received an update on senate minority leader mitch mcconnell position's, he was taken to the hospital after he fell last night in washington. mcconnell is 81 years old, and the staff says he's being treated for a concussion.

cnn's chief congressional correspondent manu raju with us. manu, what more do you know? >> reporter: that's right, he's in the hospital, it's not clear when he'll be discharged or the exact circumstances what happened last night but according to a statement that just came from mcconnell's spokesperson said that leader mcconnell tripped during a dinner wednesday evening and has been admitted to the hospital and being treated for a concussion. he's expected to remain in the hospital for a few days and treatment. mcconnell was at the waldorf-astoria hotel for super pac, a big money fund. he often goes to those events as many senators and house members do when in town and washington. those fundraising events. he was having a private dinner, and around that dinner, he tripped and fell. other than that, there aren't any other details, but the fact

that emergency dispatchers were sent to that hospital at 9:30. none of the senators witnessed the fall. he did hear his remarks. they said it was normal remarks that he gives at any kind of event. and just moments ago, the senators were briefed behind closed doors by mcconnell's top aide about all of this. they also didn't learn more about the circumstances about the fall, exactly what happened here. they said they pretty much have the same information that we do. mcconnell has fallen in the past before in 2019. he fell at his home in kentucky. he had a fracture in his shoulder. he also had polio as a child and sometimes has difficulty walking. when he walks upstairs, sometimes, one step at a time, walking carefully so this has been an issue for the 81-year-old republican senator. republicans believe he'll be become, mitt romney told me he expects him to be back next week and expects him to make a

recovery here. kevin mccarthy, speaker of the house, said he's not spoken to mitch mcconnell but said, quote, he's a little banged up but he said he'll be okay. guys. >> manu raju of course on capitol hill, we'll wait to hear more. and wish him a quick recovery. new fallout for fox's tucker carlson after he aired the january 6th film for insurrection. a lawyer representing one of the proud boys on trial has now asked a federal judge to throw the case out. that case claims that the attorneys hid what they call exculpatory footage. kaitlan collins with this. first, kaitlan, what this attorney claims about his footage is plainly exculpatory? >> well, this attorney for the proud boys watching it on fox news, he's in trial, watching it, and he now says it's exculpatory because he believes it was peaceful.

that the video that fox news aired shows that the senate chamber of the senate was not breached. and capitol accomplish were issuing people in. that is just not the fact. that way, there was violence. there was a push to get into the senate chamber. there were capitol police trying to stop many, many rioters and they were overwhelmed. but he is trying to bring this up in court, but the judge will look at it and the justice department will have to response. kaetlyn, is he in the video. >> i don't think so, he's the person who wore horns on the capitol grounds called himself the qanon shaman. and he pleaded guilty and admitted that he did that day. his attorney has argued he was

being peaceful and ushered in by capitol police. when he ultimately was under oath, he spoke to the judge, admitting guilt, using a bull horn, screaming obscenities while other rioters flooded in. and also admitted to leaving a threatening note on the table where mike pence had been sitting minutes before. saying on that note, it's only a matter of time, justice is coming. that's the facts in the case we've seen related to court of chansley in that video. >> katelyn, thank you for that report. let's bring in dave aronberg. this case, as the attorney claims hid plainly exculpatory capitol footage. is this the defense attorney grasping here, or is this something credible? >> victor in law school, they say, when you got of the facts on your side, you pound the facts.

when you got the law on your side, you pound the law. and when you got neither, you pound the table. that's what these guys are doing, they pound the table. they were giving every single footage, 750 terabytes. it's likely they had this already. even if they had this, this doesn't show their client, it shows qanon shaman walk be peacefully during an off-period when he wasn't acting crazy. it doesn't show anything to convince a jury to acquit their client. in the law, they say it's not material. they will not get a defense trial. they will not get dismissal. this is just defense attorney tactic. >> how has the doj responded to this, katelyn? >> the department will release a statement to this chansley allegation, his attorney trying to claim he's peaceful. and they say they have confidence in the procedures that were created and followed from the outside of this unprecedented case. this is a statement we just got from them.

they're also saying they took numerous steps to assist defense teams in defending hundreds of people who have pleaded guilty so that they could identify the information that they've gotten, the evidence that they've gotten, that's relative to their clients that could potentially help their clients in these cases. and there's a possibility possibility, victor that these defense lawyer, who are seizing upon this tucker carlson video have already seen the video or at least has access to it. the justice department says there's 17 terabytes including capitol police cc footage turned over top that's nearly double the amount of information in the library of congress that was pointed out so it's totally possible they already have it. >> i had no idea that's what 17 terabytes are. on the 41, 42,000 hours of capitol security video that speaker mccarthy gave access to tucker carlson, his team access to, dave, you say that this

defendant's attorney is just pounding the table. but could this video that tucker carlson had, have significant impact on any of these pending cases? >> i don't think so. even in the cases of the qanon shaman, he pled guilty. he expressed remorse to the court. so it won't even affect his case. so, i don't see how it affects other cases, unless you want us to believe there was no violence on that day. there was violence. and you know, violence takes a lot of energy and there is downtime. so these people that went inside the capitol illegally. yeah, there's going to be video of them just walking around without violence. that doesn't mean there wasn't violence the other time. this short cherry-picked video showing all the violence that day, when it comes to the proud boys they're being accused of seditious conspiracy. it's an agreement between two or more people to agree to commit

violence. you don't even have to have the violence. you just have to have the commitment. and it's all the overact. this proves nothing. it's a way for the defense to try to throw something in the wind but it's going to fail. >> maybe we'll see more. dave aronberg, katelyn polantz, thank you both. norfolk southern's ceo apologized for the train derailment. next, we'll speak to one of the lawmakers who questioned him directly. plus, a cnn exclusive, christiane amanpour speaks to an iranian imprisoned. here from the impassioned plea to the biden administrtration. that's coming up. not that into saving, are you? -whoa, dude... -money. cuz... cuz you paid too much for those glasses. next time, go to america's best where two pairs and a free, quality eye exam start at just $79.95. book an exam today at americasbest.m.

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norfolk southern is dealing with another one of its trains derailing. this one is in calhoun county, alabama. emergency responders say no one was injured reported in the crash. officials say there is no danger to the public. no hazardous materials have been released but certainly some questions for the company. mean time a bipartisan group of senators grilled the ceo over his handling of the toxic train derailment in ohio. allen shaw started his talk with an apology and commitment to

rebuild. >> i am determined to make this right. norfolk southern will claim the site safely, thoroughly and with urgency. you have my personal commitment. norfolk southern will get the job done. we will be in the community do for as long as it takes. >> joining me now to discuss it democratic senator ben cardin of maryland. he sits on the senate environment of public works committee which held this morning's hearing. senator, glad to have you. let me start with senator cocker put yes or no questions toalen shaw. >> will you commit to norfolk southern will compensate these people in these communities for possible long-term cause or economic damage to resulting from the disaster? do you commit to paying for long-term testing for impact in the communities to ensure anyone

known with suspected exposure due to the disaster is monitored for adverse health effects? >> and those are the questions that the people who live in east palestine are most concerned with. at least two of them. alan shaw said that the company is going to do what's right. of course, that's subjective. are you satisfied with what you heard, the commitment in alan shaw today? >> no, i'm not satisfied at all. this was a completely preventible incident. and norfolk southern needs to be held fully responsible for all of the damages caused, both to the community and to our environment. i think senator carp earp was actually right to ask those questions. we want to make it clear they're held totally responsible for the damages committed. we at want to understand why the safety issues were not dealt with. we want to make sure, moving forward, we have the proper safety protections to make sure this doesn't happen in the future. and quite frankly, we want to make sure that we have the

complete cleanup of the environment, including monitoring the circumstances to make that all of the toxins have been removed. >> and what's your degree of confidence in the environmental plan, you just mentioned? we just heard -- well, i watched the hearing today. some of the initiatives that alan shaw have already begun to make sure that the environment, as he says, recovers and thrives, are you confident that they will keep that commitment? >> norfolk southern is going to be held accountable costwise for the cleanup. but it's going to be governmental agencies that are going to be monitoring to make sure that it is safe for the community, and that all cleanup is done. so, it's our responsibility in government to make sure the momont mo montering takes place. we're not relying on norfolk southern for that. they're responsible for the cost. >> let me discussion the safety

build co-sponsored by the republicans. and he told the hill he's uncomfortable with what he calls much more power being handed over to the department of transportation to figure out some of the specifics. who should be making these rules moving forward? should that be the job of congress? should it be the department of transportation? should it be the industry? they put forward their plan on what they should change. >> well, it certainly needs to be a governmental entity -- >> i apologize for having to do this, as soon as you start your answer, we're going to philadelphia now, president biden is speaking about his budget plan. >> -- decency and honor. and two, building the middle class, the middle class does well and the poor still do very well. and to unite the country, we didn't think we could do that. we've seen the talk about we never get cooperation from the other team in the last two

years, we passed some pretty big things with bipartisan support. you know, i ran the economy from the middle down and bottom up, and not the top down. i knew when i grew up at my dad's kitchen table, not a whole lot of trickle-down economics at my kitchen table from my dad. that's why i want to lay out the next part of my plan. my budget, my budget i'm sending to congress today, if i could hold for just a second, i want to be clear, and i will be clear to the press as well, the fact is the speaker of the house, he's a very conservative guy and more conservative group with him but he and i met early on. he said, what are we going to do about the budget? i said, let's make a deal. let's meet. i said i'm going to introduce my budget on the 9th of march. you introduce yours, we'll sit down and line by line, we'll go through it. and see what we can agree on and disagree on and then fight it out in the congress.

i want to make it clear, i'm willing to meet with the speaker anytime, tomorrow, if he has his budget. lay it down, i'll show you what i wanted to do, see what we can agree on and let's see what we vote on. [ applause ] now, i'm not going to lay out the entire budget. that would take the rest of the day. it's a detailed budget. but i want to give you the contours of what we're for and how it's in stark contrast with what appears to be what the other team is for. so, my dad had an expression. someone would come up to my dad and say, let me tell you what i value, joe. my dad would say, no, no, show me your budget, i'll tell you what you value. no i'm serious. an expression miy dad would use. show me your budget, i will tell you what you value. folks, let me tell you my value.

i value everyone having an even shot, not just labor, but small business owners, farmers and so many other people who hold the country together who have been basically invisible for a long time. so, at the end of the month, after working like the devil, they just have a little bit more breathing room, my dad would say. after you pay all of your bills, sitting at your kitchen table writing out the last bill, you have a little breathing room left. so my budget reflects what we can do to lift the burden on hard-working americans and there's more than one way to do that. and that's going to bring us down to everyday costs. how much do things costs. we brought down inflation seven months in a row. we're going to whip it. but in the meantime, there's other ways to take what is inflation in your budget. i just meant i won't embarrass him by pointing out, i don't have permission, i just met a woman who has health care costs that are $600,000 a year. $7,000 a month. well, guess what, how you can

possibly deal with that? well, we just dealt with it, by the way, we just dealt with it. for example, prescription drugs. we pay more for prescription drugs in america than any other advanced nation on earth. let me say that again. in the united states of america, for whatever prescriptions that you're buying, you're paying more than any other nation on earth, as an advanced nation. we're finally beginning to change that. i've been fighting that for over 30 years. because of the law that i worked on and for decades, and that i just signed last year, and we took big pharma on. and we won. for the first time, we won. [ applause ] >> the other team didn't think that's a good idea. none of them voted for it. they think big pharma should be able to make extraordinary profits, exorbitant profits at the expense of the american

people, that's not hyperbole. by the way, they're able to do that at the v.a., the v.a. will say, we're only able to pay "x" amount of dollars that in fact the veterans need. the only place that was exempt was medicare. they couldn't do it for medicare, but now they can. and it's going to lower prices for seniors. but here's the deal, not only -- for example, the woman i just mentioned, beginning of 2025, she'll not have to pay more than $2,000 a year total amount for drugs. 2,000. [ applause ] so, folks, folks, it's not just going to save people's lives and save people money so they don't have to go bankrupt to try to stay alive, it's going to save the government. it's going to reduce the deficit. $160 billion.

these guys keep saying how are you going to cut the deficit. well, guess what, your tax dollars don't have to go out paying all of that exorbitant price for medicare and drug companies and is rational, it's going to save $160 billion in tax dollars. [ applause ] many of these americans have diabetes. they need insulin, literally torsito stay alive. how many people know somebody who needs insulin for diabetes, raise your hands. well, they're page somewhere between $400 and $700 a month now, were, until last month. well, guess what, that insulin was invented literally 100 years ago. okay. do you know how much it costs to make that insulin? $10. you know how much it costs to make it and package it?

$13.50. and charging the kind of money they charge, well, guess what, guess what, now we've lowered, we've lowered the cost insulin to maximum $35 a month. [ applause ] i was at a town meeting in northern virginia last year, a woman stood up, and she was -- i was -- she was a little embarrassed to speak. she said, i have two daughters with diabetes. and i can't afford the insulin. and she talked like that. she said, we have to split it sometimes. can you imagine looking at your son or daughter and knowing you don't have the money to pay for the insulin to keep them alive

and healthy. not a joke. talk about being deprived of your dignity. well, not anymore. seniors on medicare don't have to pay more than 35 bucks a month. and guess what, we not only -- i thought we should cut it for everybody to 35 bucks a month. but my friends on the other team knocked it out. i didn't have the votes. i lost by a couple votes. well, guess what, capping the cost for everybody at $35 a month, especially those, 200,000 children with type 1 diabetes. well, here's what happened. eli lilly, one of the world's biggest drug companies just announced it's capping the cost of insulin at 35 bucks a month. now, how are the rest of these folks going to charge more than that, when you can go to eli lilly and buy it for 35 bucks a

month? so, folks, it's going to save a lot of lives. but also it's going to give parents back the dignity, they've been deprived of, because they can't take care of their kid for something that's so basic and so important. but, again, the maga republicans want to take away the law -- one of the things they've announced 93 want to do away with, inflation reduction act. okay. well, we have a difference in budget ideas, man. more than budget ideas, all right. by the way, how many people, maybe some of you, you know peopled at the ceiling, god forbid if i get pancreatic cancer or my wife gets breast cancer, what's going to happen? how are we paying the bills. i will tell the story, my dad would be mad i telling it live. we lived in a three-bedroom home. it was a nice home. middle class family with four

kids and a grandfather. my headboard was against the room -- myself and my two brothers was against the wall of my dad's room. my dad was restless. one night, you could hear the bed, i asked my mom the next morning, what's wrong with dad. she said, his company said no more health insurance, they aren't going to pay for it. well, guess what, a lot of people are lying in bed at night wondering what they're going to have to do, they're going to have to sell the house, what are they going to do if one gets really sick. well, thanks to the american rescue plan which not one single republican voted for that i signed into law the moment i got into office, millions of americans, millions more enrolled in the affordable care act, saving an additional $800 a year for better coverage, better prices. my budget is going to make those savings permanent. they were up to now, but expired

if they don't get it done. the maga republicans voted over 50 times to get it done, since barack passed it. well, i think it is shameful, folks, we have a climate crisis. so, we've seen more land, for example, i've been in more helicopter rides these last two years, particularly from arizona all the way up to idaho. all the way to the west coast. more forests have burned to the ground than the entire state of maryland, the entire size of the state of maryland. look what's happening. the colorado river has become a creek. you have all of these environmental problems that are so profound, they're hard to deny. and people are seeing them now. along with extreme super storms and droughts. that's why took the most aggressive action ever, in all

of history, in any country, to take on the climate crisis by lowering your home energy bills which republicans voted against. we've gotten to where it's cheaper to generate electricity from wind and solar than it is from coal and/or fossil fuels. and i'm from scranton. i'm not against coal per se. a lot of people made a living on that way. but we're providing incentives for folks to make the transition. so here's what we're doing, we're providing you with a tax credit, a tax credit and rebates if you're buying new efficient -- energy-efficient appliances. heat pumps. the new heat pumps, they can heat the whole damn house. no, i'm serious, not a joke. well, if you need a herater, yo get a tax credit for doing it. and water heaters, tax credit to

winterize your homes, better doors and windows. i gathered together american lawmakers in the south lawn of the white house, with all of the american manufacturers, two summers ago, guess what, they all agreed, within the next month, came to me and said we're going to go all electric. we're going to go all electric. and that's going to save billions of gallons of gasoline, burning into the air. it's not only going to save the environment, it's going to help create really good paying jobs. providing a tax credit for folks who buy electric vehicles. encouraging them to do it, we're still going to need combustible engines, we're still going to need oil for 10 or 15 years. all of a sudden, it's not going away. all of this is going to lower energy costs for millions of americans every year and pay good union paying jobs.

jimmy, i told you i was going to be the most pro-union president in history. i kept my promise. i kept my promise. and, by the way, when we're talking about -- we're talking about the creating jobs, my buddies at the ibew are the strongest support i had this year, well, guess what, they're going to install 500,000 charging stations all across america. and, by the way, the things i'm proposing not only lift the burden off the families of america, it's going to generate m economic growth. and that's not all, my budget expands access to affordable child care for millions of family and paid family medical leave which all of you fought like hell for so that the u.s.

is not the only major economy in the world that doesn't have paid leave. folks, my budget also invests in elder care and home care. how many of you are like i went through like with my mom and my dad. as they got older. they wanted to stay in their own home. cheaper to stay in their own home than to have everything to go into a home. fortunately, i lived close enough that they could move in with me. but it's cheaper if we provide for them the ability to stay in their homes. it's not only the right thing to do, but it's chea cheaper on th taxpayer. all. things that are going to help folks grow to work, generate growth in their families. and people talk about it this is an overwhelming burden on the taxpayer. it's going to save money for the taxpayers. no, it really does, saves money

for the taxpayers. and generate growth. that's how the economy grows. that's why i was able to create 12 million new jobs in two years. [ applause ] more than any president in american history has created in four years. we've done it in two years what no president has done in four years because of you. but the point is, it's good for everybody. we're not hurting -- my budget also restores the child tax credit. when that was in place during the pandemic, guess what, child poverty was cut in half to the lowest level in all of american history. guess what, because moms were able to go to work. moms were able to go out there and make a living. folks, we can reduce child poverty, increase child opportunity. again, it's going to help millions of parents go to work knowing that children are being taken care of, and yet, only a few of my republican friends

support it. my wife jill who is a philly girl -- [ applause ] -- if i didn't root like hell for every philadelphia team, i'd be sleeping alone. you think i'm kidding. jimmy knows -- anyway, she's in class today teaching. she has an expression she uses for real. she said, any country that outeducates us will outcompete us. let me say it again, any country that out educates us will outcompete us. for deck inades we were the onl economy in the world that was moving past, because we had the best educated public in the world. we started, others had higher education more sophisticated with a lot of private institutions, but we, everybody in america, at the turn of the 20th century said they would go

to school for free for 12 years was a game-changer. it was a game-changer. but the rest of the world has caught up we all know 12 years is not sufficient to succeed in the second quarter of the 21st century. seriously. 12 years is not enough. if we want america to have the best educated workforce, we need to invest in preschool, not -- i'm not talking about day care. i'm talking about school. all of the studies have recently shown, this is real, think about it now, that, you know, you learn -- you've heard all of these stories that if you come from a broken home where mom or dad has a drug addiction or there's a real problem. no books in the house, et cetera. by the time the kid gets to first grade they will have heard a million fewer words spoken. not different words, just spoken. they're not included. well, guess what, studies that children go to preschool who go

three, four, five -- 3, 4, 5 years old go to school, not day care, increase by nearly 50% the likelihood that they'll finish high school and go on to earn a two or four-year degree, no matter what their background is. because, guess what, the brain's still developing. they're still developing. they're exposed to the same thing other kids are exposed to. they grow. we also know that many families struggle to afford college for their children. that's why we have these things called and some of you may have used them pell grants for families earning less than $60,000 a year they can get a pell grant to go to college. in the last two years we've increased pell grants by $900. and my budget increases it by another $820. used to be if you went to university of pennsylvania -- i mean, penn state or university of delaware where i went, state schools, the state paid a significant portion of the

tuition. they're not anymore. they're not paying it anymore. they're paying some, but not much. because they've cut paying for it. well, guess what, try paying for college even in a state institution where you can commute. it's as expensive as hell. especially if you have a couple friends in the family a couple a year. it matters a lot. the more we educate people the better chance we have. doesn't mean everybody chance we have everybody is going to succeed. and the world is getting a hell of a lot more complicated. a hell of a lot more complicated. so, i've increased my budget. we increase it now, as i said, we're paying another $820 helping people from families with low incomes. let's connect students' careers and opportunities starting in high school. we should provide for two years of community college -- by the way, in school, when you're -- when you're a sophomore, junior in high school, you should be able to take credits that allow

you to qualify for college credit at a state university or a community college. people are beginning to do that around the country. some of the best training in the america occurs there. let's offer every american a path to a good career, whether they go to college or not like the path you started here. the first apprenticeship program in the nation at which students can graduate as a full-time journeyman with an associates degree here. [ applause ] in the past two years, we've created as i said, 12 million jobs, more than two years than any president has done in four years. i don't have to tell the union workers here that includes 800,000 manufacturing jobs in two years. two years. we've also seen more people start -- apply to start small businesses than ever before.

not just unions. small businesses. people are now -- more people, what's someone making an application to start a small business -- it's about hope. it's about hope. in the last several decades, corporate america spent -- things began to change. i come from the corporate state of the world, delaware. literally, more corporations are incorporated in the state of delaware than any other state in the united states combined. it used to be, when i was in high school, when i first got started, those corporations had some greater social responsibility. they paid higher taxes. they actually saw to it that people -- they trained their employees. they don't train them anymore. i met when i was vice president, i met with the secretary of commerce. we met with -- don't hold me to the exact number, 346 ceos.

what do you need most? you know what the most request was? better educated public. days to educate their workers. the dupont company, they would educate them to do it. they're not doing it anymore. one other thing started happening three or four decades ago. american companies started to ship jobsovers overseas, you kn why? cheaper labor. and they'd bring home product made. well, guess what, we're going to export product and bring jobs home. that's what this is about. i'm not joking. where is it written, where is it written, that america can't lead the world again in manufacturing? never underestimate what america can do. we can do anything we set our minds to. and we know -- we know that. we have the world's leading economy. we have the world's best roads,

bridges, ports, airports. if we -- when we were back leading the world, we used to have the best infrastructure on earth. but the world caught up. you know where we rank in terms of quality infrastructure? in the world? number 13. 13. that's why i signed the bipartisan -- this was bipartisan. republicans joined us. the bipartisan infrastructure law. the most significant instrument and investment to modernize infrastructure in nearly 70 years. since the eisenhower -- [ applause ] we and you are going to spend -- we're going to spend $1.2 trillion over ten years. to rebuild the infrastructure in this country. how can you lead the world if you have second-rate airports, hig highways, drinking water, et cetera? instead of infrastructure week which became a punch line with

the last guy, remember, every year it was going to be infrastructure week? well, we got infrastructure decade. and a modern infrastructure will not only make us more economically competitive. it's going to create more benefits. save money for the country and families. we're going to replace every lead pipe in the united states of america so children can drink water, 400,000 schools, 6 million. we're going to make sure that they're not drinking poison, for real. every american. [ applause ] that's going to create thousands and thousands of jobs. we're delivering high-speed internet to every home in america so no parent has to drive up to the mcdonald's parking lot to help do the homework for their kid because they can't get on the internet. every single person is going to be able to do that. but here's the deal. i've been criticized for this

next piece -- i've probably been criticized a lot before that, too, but for the next piece -- the deal is when we do these projects, we're going to buy american. [ applause ] here's the deal. back in 1932, we passed a law that's consistent with international trade that when you give a president money, they -- when they pass legislation and say, mr. president, go build a new aircraft carrier deck. they say you should buy american. you should use american products and american workers. well, no one paid attention to that. they say if it's 40%, it's okay and so. well, guess what, i made sure it's a minimum of 60%. and we're going for 100%. and we're creating a whole hell of a lot of jobs. [ applause ]

and it's not to hurt any other country. it's not. but think about it, you know, i wonder how many people knew, talked about, quote, the supply chain before the pandemic. everyone knows what the supply chain is now. well, guess what, the reason why we stopped making cars for a while, that became so expensive, we lost the supply chain for computer chips. because we didn't make -- we invented it in america. we miniaturized them. we made them better. and guess what, they went all o overseas. in southeast asia, other places so when the pandemic hit them and they had to close down, we had no access to computer chips. you can't make an american automobile without those chips. you can't make a refrigerator without those chips. you can't make a cell phone without those chips and so on. and i've spoken with my european

friends, heads of state, made clear to them, we're not trying to deny them of anything. but here's what we're going to do we're going to be at the beginning of the supply chain, not the end of the supply chain. so, folks, so, all of the construction materials used in the federal infrastructure projects can be made in america, lumber, glass, drywall, fiber optic cables. and on my watch, american roads, bridges and highways, they're going to be made with american products. in addition to that, we can get back to leading the world in inventing and innovation. now, we used to support -- we used to spend, we used to spend, 2% of our entire gross domestic product on innovation and science. we now do 0.7%. i propose -- what i proposed was the thing called the chips and science act, to make sure america leads the world in innovation, especially in

manufacturing those semiconductors. those are those small computer chips the size of the tip of my finger that power everyday lives, cell phones, automobiles, refrigerators, artificial intelligence, so on. america invented them made them smaller and faster and for powerful we moved to to supply those. now we're down to 10%. the american automakers couldn't make cars because the chips aren't available to available. that's why it skyrocketed we did everything from refrigerators to cell phones. we can never let that happen again. since i've been president, we've seen companies commit from around the world from south korea to in the united states, companies committed $300 billion to build chip factories all across america.

$300 billion. from new york to ohio to arizona, in ohio, outside of columbus, i've referred to it as the field of dreams. intel came to me and said they wanted to invest. we're going to invest $20 billion. already started to build two chip fabs, they call them, factories. guess what, it's going to create 12,000 jobs -- excuse me, i think the rest are going to be jobs working in those factories. you know what will happen working in those factories? you don't need a college degree to work there. the average salary will be $130,000 a year. [ applause ] so folks, my budget is more than about chips, it's about science, as well. 2% of our gdp is now less than

what we were getting closer to 1%, but less than 1%. we used to rank number one in the world in research and development. you know where we rank now? number nine. china was number eight. they're now number two. number two. this new law in my budget will deliver funding to help us lead the world again. my budget also will invest in critical issues that matter to families. increasing the supply of affordable housing, all of which will generate economic growth and prosperity. i said to my introducer, he said i bought a small home and i worked on it. i said guess what? that's how every middle class family came to be. why? because you build equity in that home. after two, five, ten years, you may have $10,000, $20,000, $30,000 in equity. you can borrow against it to send a kid to school and to do a

lot of things. so folks, look, now your republicans are calling for -- we talked about crime. my budget invests in public safety. it includes funding for more training, more support for law enforcement. at a time when they expect to play many roles. we expect our cops to be psychologists and mental health counselors. more cops are killed responding to domestic violence calls than anything else. did you know that? folks, i don't want to defund them. they need more help. we don't expect a cop to be everything from a psychologist to a counselor.

today's departments need more investment in this kind of help. we're going to fund proven strategies so cops know the communities they serve. and communities know them. we've got to get cops back on the street. back on the street in the communities they know, where they know the people, where they stopped in and they know the guy who owns the liquor store. they know the preacher that runs the local ministry. they know the person who runs the local grocery store. we did that in the biden crime bill, crime just plummeted. i remember i was in wilmington, my son used to be the attorney general of the state of delaware. he would have his folks go out and knock on the doors. there was a lady who lived on 4th street, an area that's kind of tough.

she was in one of these old victorian homes, and she could hear the gangs below getting ready to do what they're going to do. she was scared to death to call anybody. if they found out it was her, they would be back. so my son made sure the cops gave their phone numbers to people in the neighborhood with a commitment they would never say where they got the information. guess what? a lot of crime dropped. they would pick up the phone, i can hear them, they're talking about what they're going to do. cops need help. there are some bad cops, by the way. what we did, by justice department just did in louisville, kentucky, was long overdue to put those suckers in jail. by the way, how many comes do you know like bad cops?

not a joke. we're going to provide 100,000 more community police officers nationwide and invest in school counselors and nurses andmental health help. and we're going to save communities billions of dollars over time. let's be clear about another key point of my budget. i guarantee you i will protect social security and medicare without any change. guarantee. i won't allow it to be gutted and eliminated. my gbudget will not cut benefit or sunset programs. it will secure medicare through 2050 and beyond, ensuring the

program keeps going strong for generations, without cutting a single penny in benefits. by the way, did y'all happen to see any of the state of the union address? yeah, folks standing up, liar, liar, biden's a liar. that gentle lady from the state of georgia. [ booing ] here's the deal, they said lie. i said let me ask you, how many of you out there commit you won't cut medicare or social security? and they all stood up and said we won't do it. guess what? they're all on camera. i'm counting on them keeping their word. but just in case they don't, i'm around. any way, my budget is going to give working people a fighting chance. it's going to create good-paying jobs. and we can pay for these jobs by reducing the deficit two ways.

like for example, cutting $160 billion in medicare expenses is one. but we also have to ask the wealthiest and biggest corporations to pay their fair share. and cutting subsidies for special interests. by the way, in my first two years in office, the first two years, i brought down the deficit a record $1.7 trillion, more than any president has in american history. while doing all the rest of this stuff. down. the new budget i'm introducing today is going to reduce the deficit by nearly $3 billion -- trillion dollars over ten years. another big disagreement with my -- by the way, this ain't your father's republican party. there are a lot of good republicans. but they're afraid to step out

of line because they will get primaried and lose elections. maga republicans, they don't want things that particularly are going to help working families like health care, education, public safety, w. maga republicans refuse to raise a single penny in new taxes on the wealthiest people. so now let me ask you, i'm being sincere, raise your hand, anybody who thinks our present federal tax system is fair, raise your hand. i'm not joking. people making $400,000 a year don't think it's fair. you know, we found that in the year 2020, when i got elected, 55 major corporations this the fortune 500 companies paid zero in federal income tax on $40 billion in profit.

so i insisted on a horrible thing, i introduced legislation making sure that they had to pay a minimum of 15%, 15% corporate. that's less than any of you pay. guess what? we did those things to grow the economy and create jobs and give working class folks a fighting chance. that has allowed me to reduce the deficit. just pay your fair share. that's why i'm fighting for another proposal. when i got elected, there were roughly -- don't hold me to the exact number -- around 650 billionaires in america. now there's over 1,000. you know what the average tax they pay, federal tax? 3%. no billionaire should be paying

a lower tax than somebody working as a schoolteacher or a firefighter or any of you in this room. so my plan is to make sure the corporations begin to pay their fair share. it used to be 35%. we cut it down to 21%. i think we should be paying 28%. we should be paying more than 21%. i made clear under my plan, no one making less than $400,000 will see a penny in federal taxes go up. not a single penny. why did i do it at $400,000? i doubt anybody here makes $400,000. i did it to make the case that i'm not going after ordinary folks. we're also going to save billions of dollars on going