hello Las Vegas my name is f Pablo leosia I was born and raised in Leong auu Mexico in 1995 I moved to Las Vegas Nevada I came in pursuit of the American dream to have a better future after grad graduating from Las Vegas High School in 1998 I joined the union operative plasters and C Mason local 797 they gave me not only a job but a career that changed my life forever after four years of the best apprenti program as a plasterer I became a junman because of my union I was able to find work make a
good living safe and get ahead but for working Americans like me to have a shot we need a voice in The White House we have we have that voice with President Biden the president has our B back has the backs of of us workers and President Biden guesss that owning a home is how most of us get a chance to build wealth he knows that affordable housing is a necessity that's why I was so happy to learn that president is continuing to push for more actions to make housing even more affordable for every
one thanks to the president's work turning around the economy after covid making sure workers get a fair shot I am proud to say that I am on the market to buy a [Applause] home I know he's making this a reality for so many people just like me now ladies and gentlemen it is my privilege to introduce the leader who invites this vision of progress and unity the most Pro Union president ever that now and future president of United States Joe [Applause] [Music] Biden hello hello hello Pablo thank you
for the introduction I appreciate it thanks for sharing your story you know uh you immigrated to America as a teenager graduated from high school and spent four years a union Apprentice which is like earning a college degree before he became a journeyman you know I'm big Pro union guy I make no apology about it everybody talks about [Applause] unions it's interesting people who don't understand they go well you know Union they like walk in and say I want to be electrician I want to be a plaster
you got four or five years of apprenticeship you earn it you earn it and you deserve it you help build homes for others and reach their dreams and now you're in the market yourself to continue your dream I also met another mother named latri latri Sho where's latri Latrice excuse me there she is who's able to buy her first home with a $155,000 down payment by the American Rescue plan which [Applause] weote all she needed was a fair shot she found a good paying union job she took home home owner
ship classes to raise her credit score she did her hard work and now she owns a home in Paradise with her 16-year-old daughter a straight A student stand up [Applause] kiddo we're fortunately to have great Partners in Congress here today or helping make these dreams possible Representative Steven Horford a great leader of the fourth district and chair of the Congressional Black Caucus who works every single day to reduce housing cost and close the racial wealth gap which is happening represented
Susie Lee who's a driving force to cut red tape and build more affordable housing all across Nevada representative Dana Titus God love you Dana you're old friend you've always had my back and I've had yours and you had people of this country and this city back how housing is so much more than just a just a word it's about people's lives you know you can't be here today because there are votes in Washington but I also want to thank your outstanding Senators Katherine Cortez mow and Jackie Rosen
for the leadership making housing more accessible and affordable I also want to thank all the housing advoc here today we're doing God's work all the housing advocat stand [Applause] up I really me doing everything you're doing a great job and by the way you know I won't go into that I guess but look folks when I came to office the pandemic was raging and our economy was reeling Nevada was especially hard hit as tourism took a dive a gigantic dive before I came to Office Unemployment reached 30%
here and we're turning things around today because of the fol I just talked about and Nevada has created 274,000 jobs bringing back lost jobs of the pandemic and adding another 129,000 jobs things are on the Move unemployment is down dramatically with more Nevadas working today than ever before in the history of Nevada and thousands of cities across all of America are seeing this great comeback story you know my American Rescue plan which I might add not a single solitary Republican voted for p
rovided $350 billion do to State and local governments including funds for every city County Town tribe in this state and your state put that money to good use you put cops on the beach teachers in the classroom kept small businesses on their feet families in their homes and that's not all you can't have the best economy in the world which we do now if you don't have the best infrastructure in the world my predecessor promis remember my predecessor kept talking about infrastructure weak for four
years we didn't build a damn thing you all think I'm kidding I'm not I propose and sign the most significant investment in our nation's infrastructure in generations and now we're going to have an infrastructure decade so far 47,000 new projects modernized Americans roads Bridges ports airports public transit and so much more is happening creating jobs now and jobs for the future as well $3.4 billion doll in projects right here in Nevada 3.4 billion [Applause] when I was writing this and talkin
g about all I kept thinking about was Harry Reid we're connecting the entire state to affordable highspeed internet by the end of this decade every single part of the state we'll have highspeed affordable internet and already saving 276,000 nadaan families as much as $75 a month on internet bills and I know our friend Harry's looking down saying damn proud of the airport and his name is getting an upgrade as well couldn't do one without the other you know he's so proud of building America's firs
t High-Speed Rail line that to take folks from Las Vegas to to H Los Angeles in two hours instead of four you know that's going to create 35,000 first ma major High-Speed Rail Line in America 35,000 good paying jobs take 3 million Vehicles off the road and reduce pollution significantly it's also taking the most sign by the way it's going to cut the time in half now I don't know why anybody want to get to LA in half the time but I know why yall want to come here all kiding aside it really is it
really is incredible it's a gigantic project and by the way it's it's encouraged California and central California to build a high-speed rail as well you know the idea that we haven't had one single High-Speed Rail built in America up to now is ridiculous and so you know Chinese have a rail system that goes 130 miles an hour anyway 230 miles an hour I should say but look we're taking the most significant action to fight climate change ever my policies have attracted $650 billion dollar in privat
e sector investments from companies that are moving clean energy factories and jobs back here in America where they belong for example in Reno redwood redwood redwood materials is going to invest 3.5 billion dollar $3.5 billion doll one of the country's major electric vehicle battery recycling and manufacturing plants creating thousands of jobs here thousands of jobs [Applause] tomorrow by way tomorrow in Arizona we be talking about American venet the semiconductor chip the tiny chips the size o
f the your little finger which Powers everything from automobiles to smartphones to weapon systems we invented those chips we made them better and then we lost the market because a lot of the corporations said let's send the jobs overseas where they're cheaper and bring the product home which is more expensive we don't do that anymore we make it here we keep the jobs here we send products [Applause] overseas but the reason I mentioned we've been able to bring the chips man ufacturing back home w
e attracted $240 billion do in private sector Investments to build chip factories here in America and by the way they're creating tens of thousands of good paying jobs both in construction and Manufacturing and the average salary in one of their they call them Fabs or factories is $100,000 a year and you don't need a college degree to get that job across the country folks have filed a record number new business applications since it took office the fastest growth of Latino owned businesses in in
more than a decade more black small businesses starting at the highest rate in 30 years in Nevada since it came to office we've seen 195,000 small business applications and every one of those applications is an act of hope it's critical because small businesses reason I keep talking about small businesses small businesses make up half the GDP half the economy of America half of all all the economy in America generated by small businesses but here's the deal as more folks move to Nevada for good
paying jobs we need housing that's affordable the depth of the pandemic and in the depth of the pandemic the American Rescue plan delivered funds to keep 8 million families in their homes Nationwide by preventing foreclosures and evictions here in Nevada use those funds to keep 50,000 People's rent to be able to be [Applause] paay under are firsttime home buyers be able to make a down payment you invested more in building and renovating affordable homes than almost any other part of the country
any state in the country for example here in Clark County nearly a thousand brand new affordable units for seniors are under construction today as a result 8,000 homes total for families seniors and Veterans and across the country more people own homes now than before the pandemic we're seeing fewer foreclosures than any time in decades but we have a lot more to do do for too many people the dream of having a good home it still feels Out Of Reach I get it look here's my plan but you know everyb
ody thinks because I was President I was probably born wealthy and come from a significant background of economically well I had the dubish distinction to be listed as the poorest man in Congress for 36 years I got a phone call my wife was campaigning up I was campaigning up in New Hampshire back when that statistic came out in the 90s and she called I used to call one because the kids were little when I was away and say how's everything going I got this fine you know you're in trouble when your
wife or husband says fine I said what's the matter she said only elected official's husband or wife understand this she said do you read today's paper I said they don't have today's paper Wilmington paper Delaware up in N up in uh uh where with Le where I'm with Le in Vermont and she said well let me read it top of the fold headline Biden poorest man in Congress is that true I thought I don't know the hell is true but it turned out it was true but here's the deal my new budget Works to lower ho
using cost for owners and renters alike today I was raised in a you know when my when Scranton where I was born and in my early years were raised when Scranton went dead in terms of the economy we moved down to a little place called Claymont Delaware my dad had started off as a kid and uh we couldn't afford anything we lived in a a duplex called Brookview Apartments which became public housing years later and uh and and my dad kept trying to figure out how we get the down payment to get the firs
t home well we rent it and we saved he saved and we were able to buy a three-bedroom home and a new development because these areas are building 40 50 Homes at a shot we had four kids three bedrooms and a grandpa living with us and we weren't poor but we never had anything at the end of the month and so what what my dad used to always say was that the way you build equity in your home is the way you build wealth so when you build enough equity in your home then you have enough money to borrow to
get something new and move and so on and that's how everybody makes it everybody in the middle class makes it there usually through equity in their home well look it works what we've been doing Works to increase housing Supply and keep cost down in the future first for homeowners inflation keeps coming down it's predicted to do that mortgage rates are going to come down as well but I'm not going to wait I'm not going to wait I want to provide an annual tax credit will give Americans $400 a mont
h for the next two years as mortgage rates come down to put toward their mortgage when they buy their first home or trade up for a little more space if they come from middle class background they come from a family has $200,000 or less we're also making more affordable to refinance your home by eliminating Title Insurance fees on federally funded mortgage back mortgages that's going to save folks as much as $1,500 the federal government can afford to do that in addition last week the National As
sociation of reals agreed for the first time that Americans can negotiate lower commissions when they buy or sell their home on a typical home purchase that loan could save folks an average of $10,000 on the sale or purchase I'm calling on Realtors to follow through on the lowering their commissions to protect home buyers and folks we're also working and the legacy of discrimination the basis of Home valuations Ex it's EXA it's exacerbated as you know it's exacerbated a racial wealth Gap and hel
d back black and brown families and it's simply wrong you know if you build a the dev came along and buildt 20 homes on one side of a highway and 20 homes in the other and the one side had people with black and brown backgrounds and the same exact home was buil in the white neighborhood guess what the day you B that home that black home was worth 20% less than the white home or the Hispanic home is worth 20% less it's wrong second my plan goes to work so we can bring rents down my Administration
is cracking down on big corporations who break antitrust laws by price fixing to keep the rents up that's how they work it out landlords should be competing to give folks the best deal not conspiring to charge them more we're also going after what I call unfair rental junk fees you know like the ones you charge when you move into an apartment one of those surprise convenience fees that aren't convenient at all you can add up to hundreds of dollars and you so some of you have been stuck with tha
t folks are tired of being played for suckers and I'm tired of letting them be played for suckers we're also expanding rental assistance to over 100,000 more low-income families since I took office the biggest increase in 20 years and my new plan would help hundreds of thousands more including foster kids as we mentioned earlier aging out of foster care so have to move out living on their own for the first time it's also going to help thousands of veterans afford the rent because no one should b
e homeless in America especially someone who served this [Applause] country folks we know affordable housing has been a challenge for a long time to solve it long term we have to increase Supply because when Supply is down demand is up cost rise the bottom line to lower housing costs for good is to build build bill that's why help your Congressional Delegation I've cut red tape so more Builders can get Federal Financing for the new projects a record 1.7 million new housing units are under constr
uction Nationwide right now because of it in fact today my Administration reported that single family housing starts are the highest level they've been in nearly two years and my new plan would create two million affordable homes including tens of thousands right here in Nevada you [Applause] know and we're doing this year what they call the neighborhood home tax credit to build or renovate affordable housing and you know know and we and we do it by expanding the bipartisan loow income it's call
ed the low income sorry with all these titles but that's what these bills are the lowincome housing tax credit to build affordable rental units which supported by lenders Builders families and housing advoc is alike look my plan will also establish an Innovative program to help communities build and renovate housing or convert housing from empty off empty office spaces into housing empty hotels into housing my plan would provide 8 billion dollar to fight homelessness and move people into homes a
nd off the street and I'll say it again in the United States no one should have to live in the street no one folks all together experts are calling these measures quote the most consequential housing plan in more than 50 years but let me be clear it's not only my plan it's it's it's fully paid for and while I'm paying for it we're also reducing the federal debt at the same time you know the Republicans talk about you know big tax and Democrats give me a break come on we've I've already cut the f
ederal deficit by1 trillion dollar since I took office the last guy the last guy increased the deficit by a larger margin than any president in American history in the four years he was President I signed the bipartisan budget deal to cut another trillion dollars in the next decade for example because of the law I signed finally big farmers the pharmaceutical companies and we we finally beat them giving Medicare the power to negotiate the prescription drug prices they pay for seniors like they d
o at the Veterans Administration the VA says I need this for veterans but I'm not going to pay you more than this for this amount of money well it doesn't just save seniors money it's already saving taxpayers money the one thing we've been able to do is when I did that one thing of making sure that you're going to be able to have insulin for 35 bucks instead of 400 bucks a month well guess what that cut the deficit by $60 billion $60 billion and there's a reason for it not only save seniors a lo
t of money and when I first wrote it it included everybody the Republicans knocked out everybody and left the seniors in they couldn't lose that one but here's the deal $60 billion over the next decade because big farmer does have to pay out the $400 a month they're paying out $35 a month too big for them my plan would double the number of drugs able to be negotiated to save another $200 billion a year this bill has already been passed here's the deal folks you know right now they we cut the def
icit by more even more by making the very wealthy begin to pay their fair share but here's the deal if you're going to deal with Medicare and you want to make sure you're going to be able to save money well guess what many of you know seniors who have cancer drugs it cost up to up to $35,000 $15,000 a year 12 15,000 bucks with all their other all their other costs well guess what already passing the law beginning in 2024 January 2025 no matter what the total cost of prescription drug cost for a
senior R they will not have to pay more than $2,000 period $2,000 it's going to save another 200,000 anyway I'm I get really if I we we drove out to the airport put you on Air Force One you said you had a prescription need to filled and it was an American company that made it I'd say okay let's go to let's fly to Toronto or to Berlin or to London or to Rome or any major city in America I'll get you that same prescription filled in those cities for 40 to 60% less than it cost you at a pharmacy he
re it's wrong but look I'm a capitalist if you want to make a billion bucks great just begin to pay your fair share in taxes in 2020 55 of the largest Fortune 500 companies made $40 billion in profits they paid zero in federal taxes not more thanks to the law I wrote we signed big companies not have to pay a minimum of 15% but that's still too little to have to pay fed would you all trade that you pay 15% instead of what you're paying now but look it's time to raise the corporate minimum tax to
at least 21% so every big Corporation finally begins to pay their fair share you know before the re before the uh the whole thing with Co there were 750 billionaires with the B in America today there are a thousand you know what they pay in average what the average tax for billionaires in America 8.2% Federal Tax anybody want to trade them with the the billionaire tax i' take 88.2% it's far less than the vast majority of Americans pay no billionaire should pay a lower tax than a teacher a sanita
tion worker a nurse anybody busting the net that's why proposing if I'm reelected we're going to get it done a minimum tax of 25% for billionaires that's not even the highest tax rate just 25% you know how much that would raise over 10 years $500 billion in 10 years 500 billion if they just start of pay down imagine what we could do we could cut the federal deficit even more we can invest in things that make America great again Child Care a range of things we could do and we'd all be better affo
rdable child Home Care housing all of which help families grow our economy by the way every one of these things I proposed I asked I asked the treasury Department to do a study for me because I'm a pro-union guy and everybody I've been the most pro-union president of American history and here's the [Applause] deal and people say well that cost a lot of money it saves money the study they done points out that union labor and contracts raise raise everybody's income everybody's income and they hav
e the best in the world besides like I said when I got all when I got that $350 billion doll invested for computer chips I was in I was with Samsung in South Korea convinced him to come here I said why would you come here he said you have the best workers in the world and my safest investment is in America folks there's so much we could do but my my predecessor has a totally different view when it comes to Fair taxes he said and he said this to his friends in Mar Lago quote it's on the record I
know plenty of you this is his quote you're rich as hell and we're going to give you tax cuts that's what he says out loud when the president enacted a$2 trillion tax cut that overwhelmingly benefits the very wealthy and biggest corporations he exploded the federal deficit as I said he added more to the national debt than any president has in one term in all of American History he wants to do it again he's committed to another two th2 trillion doll tax C for the wealthy and biggest corporations
he also proposed cutting funds for affordable housing not building them cutting the funds for them folks at home does anybody really think anybody really think the tax code is fair I don't know you don't really think the wealthy and big corporations need another $2 trillion doll tax Cod do you they're doing pretty well I sure in hell don't look I'm going to keep fighting like the devil to make sure wealthy pay their fair share to make the tax system fair and under my plan to make sure I wasn't a
ble to be at the other end of his demagogy I made a commitment when I got elected and I've kept it no one earning less than $400,000 year which is a lot of money where I come from will pay an additional penny in federal tax not one single penny not one penny but everybody else is going to start paying their fair share let me close with this as I travel the country folks often tell me how back in 2020 they were down they lost their business they lost faith in the system but then the laws we passe
d the work we've done together got them back on their feet we created 15 million new jobs in three years more than any Administration has in history we keeping millions of people in their homes we're creating a new cycle of hope and pride pride in your hometowns making a comeback pride in America Pride knowing you can get thing big things done if we work together I've never been more we have a lot more to do a lot more to do reason this election is so important it's not about me it's about the f
uture it's about the future he wants to undo every single thing we've done if he gets elected he stated straight up but there's so much more to to keep and to do I'm never more optimistic about our future you just have to remember who in hell we are we're the United States of America there is nothing I mean think about nothing beyond our capacity when we work together we're the only nation in the world that's come out of every crisis stronger than we went in every time when we work together and
with your help we're going to get people working together in a way they haven't for decades so ladies and gentlemen God bless you and may God protect our troops let's get [Applause] this [Music]
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