from the social media. one claimed that it was hijacked. >> one theory is that the pilot deliberately -- a passenger jet on a routine flight. there on the radar one minute, gone the next. keir simmons, nbc news. we have a lot to cover in our second hour of "chris jansing reports." let's get right to it. at this hour, senator silenced. new video reveals january 6th rioters trashed the office of a republican senator. so why won't he talk about it? what he told our reporter. chilling new details in the kidnappings of four americans in

mexico. what we're learning from surveillance video. under fire, norfolk southern ceo apologizes for last month's toxic train derailment in ohio but dodges questions about specific commitments even as another train derails today, this one in alabama. >> and budget blueprint, we have new details on what's in the proposal president biden is set to announce this hour live, and a look at the political fight ahead. our nbc news reporters are here covering all the latest developments, and we begin in philadelphia where president biden is about to lay out his political priorities and pick a new fight with republicans. carol lee is there for us, and as i understand it, while we wait for the president to speak, you've got a brand new interview with the head of the budget office. what's he telling you? >> reporter: that's right, chris. i interviewed shalanda young, the omb director, about the president's budget. she said this is basically, as you said, a blueprint of what the president values.

a lot of the provisions in this budget, things the president are proposing are nonstarters with republicans in congress. nonetheless the president is putting them forward as a jumping off point for negotiations and giving the american people a sense of where he stands on some key issues. some of the things the president is proposing, chris, include raising taxes on corporations and individuals who make over $400,000 a year, in terms of proposals a lot of them are things that he put forward, while democrats had control of this house and the senate, and they couldn't pass them. things like capping insulin costs at $35 a month for all americans who need insulin, and other priorities like paid family leave and expanding access to pre-k, so those are among the things that the president is putting forward. when i asked the omb director why americans should see this budget, which is a nonstarter in congress at this point, as

anything other than a political document, take a listen to what she said. why do you think that the american people should see this budget as anything other than a political document as the president prepares to run for reelection potentially? >> we think there's absolutely room to have bipartisan legislative accomplishments from pieces he's presenting in this budget. one thing comes to mind is safer communities. it shouldn't be controversial. it should be bipartisan to agree that we should have more cops on the beat in this country. >> reporter: so among the issues that she's saying that the president hopes that there could be compromise on is that crime issue, chris, which obviously has been front and center on the minds of a lot of americans. there are provisions she is hoping to make headway on, she described this budget as the beginning of a dialogue with republicans putting them on the spot, to put their own budget forward and show what their

priorities are. they're expected to do that next month. one thing she also said is when it comes to the debt limit and raising that later this summer, that's something the president will not negotiate on. he would negotiate separately in terms of government spending as it relates to his budget. >> impressive concentration with brendan boyle, the congressman behind you. carol lee, thank you so much for that update. we're going to continue to wait for the president. mexican authorities are releasing revealing surveillance images of the kidnappings of four americans in mexico. morgan chesky, what are we learning? where does the investigation stand? >> chris, this remains a very active investigation, and this new evidence released by mdical examiner authorities and confirmed by u.s. authorities paints a chilling picture, filling in the time line as to what took place on friday when that van filled with four americans crossed international

bridge into matamoros, mexico, for what authorities say was supposed to be a cosmetic procedure for a woman in that group. these pictures, chris, show, at least one other vehicle tailing that white van for some time before other vehicles emerge and that deadly barrage of bullets followed by these armed againmen that are then seen on video taking these victims, very casually, and placing them in the back of a pickup in broad daylight in mexico. pictures showed evidence of the long road trip that the group took from south carolina to texas and into matamoros. we know latavia washington mcgee is expected back in south carolina at some point soon. my colleague, ellison bar ber

had a chance to speak to the other survivor. he's recovering in a hospital after a second surgery from being shot in the leg. doctors having to put metal rods inside his leg to stabilize it as the result of those wounds sustained when those armed gunmen opened fire. important to note here that right now we know that the fbi is working hand in hand with mexican authorities and that those two americans who were killed here, chris, they're expected to be repatriated or their bodies returned to u.s. soil at some point in the near future. we have heard discussion about that being today, but no firm time line set. chris. >> morgan chesky with a lot of updates. we appreciate na. new january 6th footage showing a senator's office being trashed and why that senator doesn't want to talk about it.

we're talking about a senator who's also a former prosecutor, but basically he hasn't acknowledged that it even happened? >> that's right. so, you know, this video came out -- the original one came out in the early days and shows that individual smashing out the window, and the person smashing out the window is a person named danny rodriguez, the same person who drove a stun gun into mike fanone's neck, triggering a heart attack. during a trial last week, prosecutors revealed this new video, and in a recently court filing a few weeks ago, they mentioned this was the senator's office. when we approached him yesterday, he didn't have anything to say about it. he had never said anything about the fact that his office had been trashed when it actually happened. he put out a statement about january 6th generally. he did not vote to sort of upend democracy. he did certify the electoral

college victory by joe biden, but did not vote for an investigation into what happened on january 6th, and also obviously did not vote to convict former president donald trump in his second impeachment trial. the footage is really extraordinary, and i think it really sort of is a polar opposite to this vision that you see coming from the folks like tucker carlson who are putting out this selective view of what happened on january 6th and trying to down play the seriousness of the attack that happened that day, and what you had there was someone who killed a police officer, smashing out a window, trying to get rioters inside this suite of offices in a number of senators. hide way offices inside the capitol building. private spaces where senators retreat to get moments to themselves, get business done. sometimes meet with constituents, and what you're seeing on the wall is memorabilia, that's a giant conference table brought in from the other room, barricaded, they

were worried about police coming in. they were preparing for battle and trying to create this second entry point a few yards away from the tunnel, that deadly tunnel where we saw so much violence on january 6th, chris. >> but of course senator from a state where donald trump is still very popular. the ceo of norfolk southern promised repeatedly to do the right thing as he was grilled by senators on capitol hill. nbc's jesse kirsch is in ohio. the ceo wasn't specific about what that means. what do the people of east palestine think it means? >> reporter: there are two things that were brought up at the hearing, echoing some of the sentiments we are hearing in the community, will they cover future health costs. despite the fact that the officials say the air and tap water are safe from the municipal tap, people are skeptical of the safety of those substances and are also skeptical about what will happen down the road.

separately from that, people are worried about their financial well being. people think that some of their properties neigh be total losses because of if not the actual health concerns, the stigma associated with that community now. they don't expect people will want to buy those properties. we have heard at town halls people demanding that the company pay for their properties, pay what they paid for their properties so they do not suffer a financial loss. the ceo was asked about those things today. on the health care front, that is on the table. when it came to being asked if the company would commit to paying for the financial losses families suffer, he would not outright commit to that, chris. these are things we can expect to continue to see people push the company on as they continue to say they'll do right by the community, they're there for the long haul but won't submit to specifics such as those. >> jesse kirsch, thank you so much. i want to bring in michigan

senator debbie stabenow. chairwoman of the democratic policy and communications committee. senator, it was such an interesting series of questions that we heard from you folks. one of the things we just heard repeatedly from the ceo was we're going to do the right thing. we're committed to doing the right thing. but reavoided getting pinned down on exactly what that means. what's your take away? >> i was frankly disappointed. you know, he said the right words, we're going to do the right thing, but i asked him why he's saying now that they're going to learn from this and increase safety protocols. this is the 20th derailment that has had a chemical spill, the 20th. and i said, you know, the folks in east palestine, the families, the businesses, the community would have liked it if they had maybe decided to make changes on

the 19th or the 15th or maybe after the first one, and he had no response to that, other than just saying that they were sorry for what happened. and that is just not enough. they have rolled back safety protocols -- >> what is enough and how do you make that happen? >> first of all, we have to pass a law, and we have a bipartisan bill, and senator sherrod brown and senator j.d. vance, and casey and fetterman are on, they're leading, and that needs to get passed, which increases the safety standards and also would increase the penalties against companies like this. and who are violating these, and so in the past administration there was just effort after effort to roll back safety protocols, and, in fact, in my

mind, this really shows the difference, honestly, and the debates we have been having and the two parties ever because on the republican side, certainly in the trump administration, it was all about deregulate, deregulate, we don't need these things. on our side, it's in the interest, public safety, people in east palestine cannot do this by themselves. if there's going to be rail safety standards, that's something the government, state and federal have to do, and at the same time, we saw the company continue to increase their profits, stock buy backs of $6.5 billion in the last two years of this particular company, so the stockholders, the ceo are doing well, while they were cutting the employees. and so, you know, again, on the other side, i didn't support the huge big tax cuts that never trickled down to people in

michigan or people in ohio anywhere, but they did get those dollars, and instead of reinvesting it in people and safety and employees, they put it in their pocket, and so this is a real moment to take a look at that philosophy that is constantly being put forward, you know, that somehow it's going to work to put money in the super rich deregulate, and then everybody's going to have a better quality of life, and what we're saying on the other side is, no, you need to have health and safety rules, we need to put money in the pockets of middle class families, communities, strengthen, you know, communities, lower costs of medicine, lower the costs that affect everybody. so it's very different views, frankly of how the country should run. >> i think that's something that obviously the president is going to touch off a big debate when he previews his budget, which could come any minute now. but let me ask you specifically about this because there's two aspects of it, right, what do we

do for the folks in east palestine to the extent they can be made hole and other folks out there and a huge part of america has trains going through it day after day after day. your colleague on the republican side, senator shelley moore capito says she thinks the laws on the books are up to the task to keep crashes like this from happening in the future. is this an enforcement problem? >> i would beg to differ with my friend, and she is my friend, in terms of the standards. i think we've seen the rail company lobbyists coming in over and over again, and chipping away at the safety standards, so we have to have a way to right size that, in terms of accountability for the companies and safety and security, and so we got to do that as well as holding companies accountable. you know, it's going to take a long time in east palestine. my heart really goes out to all

of them when something like this happens. it's going to take a long time, and it's going to take a commitment. this company needs to hang in there and do whatever it takes to make them whole because they've got a lot of challenge ahead. and i didn't hear that exactly today. i heard we're going to do the right thing, but i don't know what does the right thing mean to them. they were on track to have $7.5 billion in stock options in the next year, so is that what they consider the best for the company? certainly not best for the communities. and i will tell you this, that we almost, in michigan, van buren township, we're almost number 21 for this company. two weeks after east palestine happened, there was another derailment that almost happened in michigan, and so -- and this just keeps going and going. there was one today, i believe.

>> in alabama! >> in alabama. so this just keeps going and going. they better step up right now and fix this as well as the other companies because this is serious. and the people in east palestine and the businesses there, all the small businesses that we've heard from, they should not be paying the price for this company, in my judgment, making the wrong choices between profits and public safety. >> and before i let you go, senator, on his way to philadelphia, the president put out a statement, tweeted his best wishes to mitch mcconnell, your colleague, and as you know, he took a fall last night. >> right. >> we did learn in the last hour or so from his staff that he does have a concussion. he's expected to spend a few days in the hospital. have you been hearing anything else, senator? >> we haven't. certainly my best wishes go out

to mitch. we have heard he will be in the hospital a few more days. hopefully he'll be back with us next week, and hopefully it's not that serious. but we're told it will be a few days. >> senator debbie stabenow, we appreciate your time. i know it's already been a very busy day for you. let's go to philadelphia, the president beginning his budget address. >> not a joke, and when i was running with barack, things were slowing up a little bit, and i asked for help. you guys got the bus, and you're the reason why i'm standing here. i was vice president then, and i'm president because of you guys. [ applause ] and again, you know, i've told your son, he's got good blood, my dad would say. thank you all very very much, and it's great to be here with josh. josh shapiro, i predict he's

going to be one of the best governors in the history of the state. that's in large part because he married up. and i want to thank congressman brendan boyle for the passport to get in this district. brendan, you've been a great friend from the time we've begun together. thank you, thank you, thank you. by the way, he now leads the democratic part of the budget committee. he's the guy that's going to determine if my budget gets passed. i want to thank jim kennedy, mayor of philadelphia, and two great senators, bobby casey, and john fetterman who will continue to deliver for the people of pennsylvania, i believe. john, if you can hear this at all, we're with you, pal. we're with you.

everybody asked why i moved from scranton. i moved from scranton because we lived five blocks from the casey's. you think i'm kidding. i knew as long as his dad was around, i would never be the governor of pennsylvania, and along comes bobby, anyway, great family and friends. folks, here's why i'm here today. for too long, working people have been breaking their necks and the economy has left them behind, working people like you, while those at the top get away with everything, and get everything. one of the reasons why i ran for president, and i mean it sincerely, you may remember i announced the three reasons i was running, wanted to restore the soul of america, decency and honesty, and rebuild the backbone of the country. the middle class does well, the poor have a way up and the wealthy still do very well, and the third one is to unite the country.

didn't think we could do that but as we've seen all the talk about we never get any cooperation from the other team last two years, we passed some pretty big things with bipartisan support. you know, i ran to grow the economy from the middle out and the bottom out, not the top down. i know when i grew up, my dad's kitchen table, not a whole lot trickled down on trickle economics to the kitchen table for my dad. that's why i wanted to come here and lay out the next part of my economic plan. my budget i'm sending to congress today. and if i could hold for just a second. i want to be clear and i'll be clear to the press as well, the fact is that the speaker of the house has been -- he's a very conservative guy, and he has even more conservative group with him, but he and i met early on, and said what are we going to do about the budget, and 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, and we'll sit down and go line by line,

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

well, folks, let me tell you what i value with the budget i'm releasing today. i value everyone having an even shot. not just labor. but small business owners. farmers and so many other people hold the country together who have been basically invisible for a long time. so 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 your bills, and sitting at the kitchen table, do you have just a little bit of 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 would bring us down to every day costs. how much do things cost? we brought down inflation seven months in a row. we're going to whip it. in the meantime, there's other ways to take what is inflation in your budget. i just meant i won't embarrass -- i don't have permission, but i just met a woman who has health care costs

that are $600,000 a year. $7,000 a month. well, guess what, how can you 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, whatever prescription drug 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 have been fighting that for over 30 years, because of a law that i worked on for decades and that i just signed last year, we took big pharma on, and we won. for the first time we won. the other team didn't think that's a good idea. none of them voted for it.

they think big pharma should make profits at the expense of the american people. that's not hyperbole. that's a fact. medicare finally has the power now to negotiate for lower drug prices, and by the way, they have been able to do that at the va. at the va they're able to say we're only going to pay x amount of dollars for this particular drug 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, and 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. it's not just going to save people's lives, and 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. if your tax dollars don't have to go up paying all that exorbitant price to drug companies, and it's rational, it's going to save $160 billion in tax dollars. americans have diabetes, they need insulin in order to stay alive. how many people know somebody who needs insulin for their diabetes, raise your hand. well, they're paying somewhere between 4 and $700 a month or were until last month. well, guess what, that insulin was invented literally 100 years ago, okay, 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 the cost of insulin to maximum $35 a month. [ applause ] i was at a town meeting in northern virginia last year. a woman stood up and 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, and she said, and we have to split it sometimes.

could 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, 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 of votes. well, guess what, capping the cost for everybody at $35, 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. folks, it's going to save a lot of lives. also, it's going to give parents back the dignity that they have been deprived because they can't take care of their kid for something so basic and so important. but, again, the maga republicans want to take away the laws. they have things they want to do away with, inflation reduction act. okay, well, we have a difference in budget ideas, man, more than budget ideas, but anyway. and by the way, how many people, maybe even some of you, you know people who stared at the ceiling last night, wondering, god forbid, i get pancreatic cancer, my wife gets breast cancer, what's going to happen? i can tell a story, my dad would

be mad. we lived in a three-bedroom split level home, four kids and a grand pop. and the bed my head board was against, myself and my two brothers, was against the wall of my dad's. my dad was really restless, you could hear it one night, you could hear the bed, and i asked my mom the next morning, what's wrong with dad. his company said no more health insurance. they weren'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 do. they're going to have to sell the house. what do they have to do if one of them gets relative sick? well, thanks to the american rescue plan, which not one single republican voted for, though i signed into law, as soon as they got to office, millions of americans, or millions more have rolled in the affordable care act, saving an additional $800 a year for better coverage at better prices. my budget's going to make those

savings permanent. they'll expire if i don't get them done again. my maga republicans, all voted to get rid of the affordable care act. they voted to get rid of it over 50 times since barack passed it. over 50 times. i think it is shameful. folks, no one can deny, we have a climate crisis, so we've seen more land, for example, i've been in more helicopter rides the last two years, particularly from arizona all the way up to idaho, all the way in the west coast, more forests have burned to the ground. than the entire state of maryland, the entire size 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 stores and droughts. that's why i took the action to take on the climate crisis by lowering your home energy bills which maga republicans voted against. we've gotten to the point 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 that way, but we're providing incentives for folks to make the transition. here's what we're doing. we're providing you with a tax credit in rebates if you buy new efficient, energy efficient appliances. heat pumps, the new heat pumps, they could heat the whole damn house. i'm serious, not a joke, if you need a heater and you need to buy one with a heat pump, you

get a tax credit for doing it. water heaters, tax credits with better windows and doors. i gathered together leaders from american auto workers in the south lawn of the white house, all the american manufacturers. and two summers ago, and 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 with good paying jobs. to encourage them to do it. we're still going to need combustion engines, we're going to need oil for the next ten to fifteen years. they're not all going to go away. all of this is going to lower energy costs for families every

year. and create good paying union 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 the -- creating jobs, my buddy is the ibw with 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 burdens off families in america, it's going to generate economic growth. my budget expands access for millions of family and going to invest in paid family and

medical leave, all of you fought like hell for the u.s. is not the only major economy in the world that doesn't have paid leave. my budget invests in elder care and home care. how many of you are like what i went through with my mom and dad as they got older. they wanted to stay in their own home. it was cheaper to stay in their own home than to have to sell everything and go into a home. fortunately i lived close enough, and they could move in with me. my point is, it's cheaper if we provide for the ability for them to stay in their homes. it's not only the right thing to do, but cheaper on the taxpayer. all the things are going to help folks go to work, generate economic growth in our nation, and still take care of their families. the point is every time i talk about things, people talk about it like this is an overwhelming

burden on the taxpayer. it's going to save money for the taxpayers. no, it really does. save 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. more than any president has done in four years. we've done in two years what no president has done in four years because of you. the point is, it's good for everybody. we're not hurting anybody. my budget restores the child tax credit. you know, when that was in place during the pandemic, guess what, child poverty was cut in half to the lowest level in american history, and 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 and increase child opportunity.

it's going to help millions of parents go to work, knowing their children are being taken care of. only a few of my republican friends support it. you know, my wife jill who's a philly girl, [ applause ], if i didn't route like hell for every philadelphia team, i would be sleeping alone. you think i'm kidding. jimmy knows. anyway, she's in class today teaching, and she has an expression she uses for real, she said, any country that out educates us will out compete us. let me say it again, any country that out educates us will out compete us. for decades, we were the only country in the world, we led the world economically. we were the only economy in the world that was moving that fast because we were the best educated public in the world. we started before any other country higher education, more

sophisticated, a lot of private institutions, but we, everybody in america at the turn of the 20th century said that we could go to school for free for 12 years. it was a game changer. it was a game changer. but the rest of the world was caught up. we all know 12 years is not enough 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 work force, we need to invest in preschool. 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. you know, you learn, you've heard all of these stories if you come from a broken home or mom or dad has a drug addiction, a real problem, books in the house, et cetera, by the time a kid gets to first grade they will have heard a million fewer words spoken.

not different word, just spoken, they're not included. well, guess what, studies, children who go to preschool, who go 3, 4, 5 years old, go to school, not day care, they 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, their brain is still developing. they're still developing, exposed to the same things other kids are exposed to, they grow. and many families struggle to afford college for children, and that's why we have some of these things called pell grants. families earning less than $60,000 a year to go to college, help them pay for college. the last two years, we have increased pell grants by $900, and another $820. used to be if you went to penn

state or university of delaware, state paid a significant portion of the tuition. they're not anymore. they're not paying anymore. they're paying some but not much because they've cut paying for it. well, guess what, try paying for college. even at a state institution where you can commute, it's expensive as hell, especially if a couple of the kids in the family, making less than 60 grand a year. it matters a lot. it matters a lot. the more we educate people, the better chance they have. doesn't mean everybody who's educated is going to succeed. it's a significantly better opportunity, and the world's getting a hell of a lot more complicated. and so i've increased my budget. we increased it now. we're paying another $820 helping people with families from 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 in your sophomore, junior year of high school, you should take credits that allow you to qualify for college credit at a state university or community college. people are beginning to do that around the country. some of the best training in america occurs there. let's offer every american a path to a good career whether they go to college or not. the path you started here, the apprenticeship program in the nation in which students can great as a full-time journeyman with an associate's degree. n ase in the past two years, we've created $12 million, more than any president has done in four years. i don't have to tell 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. the small businesses, more people, what's someone making an application to start a small business. it's about hope. it's about hope. the last several decades, corporate america spent -- things began to change. i came from the corporate state of the world, delaware. literally more corporations are incorporating in the state of delaware than every 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 with when i was vice president, i met with a secretary of commerce, and we met with 300 -- don't hold me to

the impact number, 347 ceos, what do you need most, you know what the overwhelming request was, a better educated public. back then, they used to educate their workers. the dupont company would buy a new industry, they would educate them how to do it. they don't do it anymore. one of the other things started happening three, four decades ago. american companies started to ship jobs overseas, why? cheaper labor. they'd go where they could find the cheapest labor in asia, africa, wherever it was. 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 that. we have the world's leading economy. we have the world's best roads, bridges ports, airports. 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 investment to modernize our infrastructure in nearly 70 years since the eisenhower -- 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 ports,

highways, drinking water, et cetera. instead of infrastructure week, which became a punch line with the last guy, remember every year it's going to be infrastructure week. well, we got infrastructure decade. and a modern infrastructure will not only make us economically competitive, it's going to create more benefits 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, we're going to make sure that they're not drinking poison for real. every american. it'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 do homework with

their kid because they can't get on the internet. every single person will have to do that. but here's the deal, i'm criticized for the next piece. probably criticized for a lot before that, too. but for this next piece, the deal is when we do these projects, we're going to buy american. [ applause ] and 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 said you should buy american, use american products and american workers. well, no one paid a lot of attention to that. they said, well, if it's 40%, it's okay, and so on. well, guess what, i made sure it's a minimum of 60%, and we're going for 100%, and we're going

to create a whole hell of a lot of jobs. 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. everybody knows what supply chain is now. well, guess what, the reason why we stopped making cars for a while, they became so expensive, we lost the supply chain for computer chips because we didn't make -- we invented in america, we miniatureized them, we made them better, and guess what, they went all 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. you can't make a cell phone

without those chips and so on. so -- and i've spoken with my european friends, the heads of state to make clear to them, we're not trying to deny them anything. 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, all construction materials used for infrastructure, is made in america, lumber, glass, dry wall, fiberoptic cables, and on my watch, american roads, bridges, highways, they're going to be made with american products, in addition to that, we need to get back to leading the world in inventing and innovation. you know, 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 .7%.

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. these are the small computer chips that power every day lives. cell phones, automobiles, refrigerator, artificial intelligence, and so on. america invented these chips. we made them faster, stronger and more powerful. we used to provide 40%. now today we're down to 10%. today's automobiles need 3,000 of those chips, but american auto makers couldn't make enough cars because there weren't enough chips available to them. the price of cars skyrocketed and set down assembly lines. we did everything from refrik -- refrigerators to cell phones. since i have been president, we have already 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. and ohio, outside of columbus, i have referred to as the field of dreams, intel came to me, and said they wanted to invest. they're going to invest $20 billion. already started. to build two chip factories. well, guess what, it's going to create 12,000 jobs, excuse me, yeah, i think it's 12,000 jobs. 7,000 of them are going to be construction jobs, and the rest are going to be jobs working in those factories. you know what is going to happen working in the factories? you don't need a college degree to work in those factories. the average salary is going to be $130,000 a year. folks. my budget is about more than chips.

it's about science as well. like i said, 2% of our gross domestic product doing research today is less than what we're getting. closer to 1%. it's less than 1%. we used to rank number one in the world in research and development. you know what we rank now, number nine. china was number eight a decade ago. guess what, they're now number two. number two. this new law on my budget will deliver funding to help us lead the world again. my budget also invests in critical issues that matter to families. increasing the supply of affordable housing, lower rental costs that make it easier to buy a home, all of which will generate economic growth and prosperity. i said so my introducer, i bought a small home and i worked on it. guess what, that's how every middle class family came to be, why? because you build equity in that home, and after two years, five

years, ten years, you may have ten, 20, $30,000 in peckty. you can borrow against it to send a kid to school. you can borrow against it to do a lot of things. so, folks, look, maga republicans are calling for defunding the police departments, and defunding the fbi now. that's a good one, i like that one. well, guess what. and refuse to provide funding that's going to keep communities safe and secure. we talk about crime. my budget invests in public safety. it includes funding for more training, more support for law enforcement, at a time when they're expected to play many roles. we expect our cops to be social workers. we expect them to be psychologists and mental health advisers. more cops are killed responding to domestic violence calls than anything else. did you know that? well, 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? these departments need more investment in this kind of help, and we're going to fund proven strategies for accountable and effective community policing so cops know the communities they serve. the communities know them. we got to get cops back on the street, back on the street in the communities they know where they know the people, where they stop in and they know the guy who owns the liquor store. they know the preacher who runs the local ministry. they know the person who runs the local grocery store. when we did that, crime just plummeted because they know folks. i remember i was in wilmington. my son used to be the attorney general in the state of delaware, and he'd have his folks go out and knock on the doors, and there was a lady who

called who lived on fourth street, and there it's kind of tough. she had ran up one of these old victorian homes, you know, the kind that have an out cropping on the corner and she could hear the gangs below getting ready to do what they're going to do, she's scared to death to call anybody, she knows if they found out it was her, they'd be back. my son made sure the cops gave their phone numbers to the people in the neighborhood with a commitment they would never say where they got the information. and guess what, violent crime dropped. she could pick up the phone and say they're outside, they're talking about what they're going to do. cops need help. there's some bad cops, by the way. what we did, my justice department did in louisville, kentucky, was long overdue to put those suckers in jail.

and by the way, how many cops you know like bad cops? i don't know many. not a joke. we're going to provide 100,000 police officers nationwide and invest in tens and thousands of more school nurses and school counselors, and mental health help. and going to save communities billions of dollars over time. every community needs especially in the wake of in pandemic. let's be clear about another key point in my budget, i guarantee you i will protect social security and medicare without any change. guarantee. i won't allow it to be gutted or eliminated as maga republicans threaten to do. maga republicans pose not an answer on social security, and my budget will not cut benefits, and it definitely won't sunset

programs like my maga republican friends want to do. it will secure medicare through 2050 and beyond, ensuring the vital program keeps going strong for generations, without cutting a single penny in benefits. by the way, did you all happen to see any of the state of the union address? well, yeah, when those folks standing up, liar, liar, biden's a liar, that gentle lady from the state of georgia. no, i didn't say it for that reason, but here's the deal, i said, well, 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 raised their hand, 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. anyway.

now 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 $16 billion in medicare expenses is one. we also have to ask the wealthiest and biggest corporations to begin to pay their fair share. and cutting subsidies for special interests. by the way, 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 the stuff. and the budget i'm introducing today is going to reduce the deficit by nearly $3 billion or a trillion dollars over ten years. another big disagreement with my maga republicans, and by the way, this ain't your father's

republican party. there's a lot of really good republicans. there really are. but they're afraid to step out of line because they'll get primaried. and they'll lose elections. maga republicans, you know, they don't want things that particularly are going to help working families like health care, education, public safety, which is going to raise costs on folks. maga republicans refuse to raise a single penny in taxes on wealthy people. you don't have to if you feel self-conscious about it, raise your hand if anybody 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 of the

fortune 500 companies paid 0 in federal income tax on $40 billion in profit. so i insisted on a horrible thing to burden on them. i introduced legislation making sure that they had to pay a minimum of 15%. 15% to corporations. just 15%. that's less than any of you pay. well, guess what. we did those things to grow the economy, create jobs, working for folks to have a fighting chance. that still allows me to reduce the deficit. begin to 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 because it varies, around 650 billionaires in america. now it's over a thousand. you know the average federal tax they pay, 3%.

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%. that's going to be a real fight, but we should be paying more than 21%. let me make clear under my plan, i made this commitment when i ran. i haven't broken it yet, i never will. no one making less than $400,000 will see a penny in federal taxes go up. not a single penny. why did i do 400,000, i doubt anybody in here makes 400,000. i did it to make the case that i'm not going after remotely