rewoo/sotu_qa_2023 · Datasets at Hugging Face

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And when we do these projects, we’re going to Buy American.

Buy American has been the law of the land since 1933. But for too long, past administrations have found ways to get around it.

Not anymore.

Tonight, I’m also announcing new standards to require all construction materials used in federal infrastructure projects to be made in America.

American-made lumber, glass, drywall, fiber optic cables.

And on my watch, American roads, American bridges, and American highways will be made with American products.

My economic plan is about investing in places and people that have been forgotten. Amid the economic upheaval of the past four decades, too many people have been left behind or treated like they’re invisible.

Maybe that’s you, watching at home.

You remember the jobs that went away. And you wonder whether a path even exists anymore for you and your children to get ahead without moving away.

I get it.

That’s why we’re building an economy where no one is left behind.

Jobs are coming back, pride is coming back, because of the choices we made in the last two years. This is a blue-collar blueprint to rebuild America and make a real difference in your lives.

For example, too many of you lay in bed at night staring at the ceiling, wondering what will happen if your spouse gets cancer, your child gets sick, or if something happens to you.

Will you have the money to pay your medical bills? Will you have to sell the house?

I get it. With the Inflation Reduction Act that I signed into law, we’re taking on powerful interests to bring your health care costs down so you can sleep better at night.

You know, we pay more for prescription drugs than any major country on Earth.

For example, one in ten Americans has diabetes.

Every day, millions need insulin to control their diabetes so they can stay alive. Insulin has been around for 100 years. It costs drug companies just $10 a vial to make.

But, Big Pharma has been unfairly charging people hundreds of dollars – and making record profits.

Not anymore.

We capped the cost of insulin at $35 a month for seniors on Medicare.

But there are millions of other Americans who are not on Medicare, including 200,000 young people with Type I diabetes who need insulin to save their lives.

Let’s finish the job this time.

Let’s cap the cost of insulin at $35 a month for every American who needs it.

This law also caps out-of-pocket drug costs for seniors on Medicare at a maximum $2,000 per year when there are in fact many drugs, like expensive cancer drugs, that can cost up to $10,000, $12,000, and $14,000 a year.

If drug prices rise faster than inflation, drug companies will have to pay Medicare back the difference.

And we’re finally giving Medicare the power to negotiate drug prices. Bringing down prescription drug costs doesn’t just save seniors money.

It will cut the federal deficit, saving tax payers hundreds of billions of dollars on the prescription drugs the government buys for Medicare.

Why wouldn’t we want to do that?

Now, some members here are threatening to repeal the Inflation Reduction Act.

Make no mistake, if you try to do anything to raise the cost of prescription drugs, I will veto it.

I’m pleased to say that more Americans have health insurance now than ever in history.

A record 16 million people are enrolled under the Affordable Care Act.

Thanks to the law I signed last year, millions are saving $800 a year on their premiums.

But the way that law was written, that benefit expires after 2025.

Let’s finish the job, make those savings permanent, and expand coverage to those left off Medicaid.

Look, the Inflation Reduction Act is also the most significant investment ever to tackle the climate crisis.

Lowering utility bills, creating American jobs, and leading the world to a clean energy future.

I’ve visited the devastating aftermaths of record floods and droughts, storms and wildfires.

In addition to emergency recovery from Puerto Rico to Florida to Idaho, we are rebuilding for the long term.

New electric grids able to weather the next major storm.

Roads and water systems to withstand the next big flood.

Clean energy to cut pollution and create jobs in communities too often left behind.

We’re building 500,000 electric vehicle charging stations installed across the country by tens of thousands of IBEW workers.

And helping families save more than $1,000 a year with tax credits for the purchase of electric vehicles and energy-efficient appliances.

Historic conservation efforts to be responsible stewards of our lands.

Let’s face reality.

The climate crisis doesn’t care if your state is red or blue. It is an existential threat.

We have an obligation to our children and grandchildren to confront it. I’m proud of how America is at last stepping up to the challenge.

But there’s so much more to do.

And when we do these projects, we’re going to Buy American.

Buy American has been the law of the land since 1933. But for too long, past administrations have found ways to get around it.

Not anymore.

Tonight, I’m also announcing new standards to require all construction materials used in federal infrastructure projects to be made in America.

American-made lumber, glass, drywall, fiber optic cables.

And on my watch, American roads, American bridges, and American highways will be made with American products.

My economic plan is about investing in places and people that have been forgotten. Amid the economic upheaval of the past four decades, too many people have been left behind or treated like they’re invisible.

Maybe that’s you, watching at home.

You remember the jobs that went away. And you wonder whether a path even exists anymore for you and your children to get ahead without moving away.

I get it.

That’s why we’re building an economy where no one is left behind.

Jobs are coming back, pride is coming back, because of the choices we made in the last two years. This is a blue-collar blueprint to rebuild America and make a real difference in your lives.

For example, too many of you lay in bed at night staring at the ceiling, wondering what will happen if your spouse gets cancer, your child gets sick, or if something happens to you.

Will you have the money to pay your medical bills? Will you have to sell the house?

I get it. With the Inflation Reduction Act that I signed into law, we’re taking on powerful interests to bring your health care costs down so you can sleep better at night.

You know, we pay more for prescription drugs than any major country on Earth.

For example, one in ten Americans has diabetes.

Every day, millions need insulin to control their diabetes so they can stay alive. Insulin has been around for 100 years. It costs drug companies just $10 a vial to make.

But, Big Pharma has been unfairly charging people hundreds of dollars – and making record profits.

Not anymore.

We capped the cost of insulin at $35 a month for seniors on Medicare.

But there are millions of other Americans who are not on Medicare, including 200,000 young people with Type I diabetes who need insulin to save their lives.

Let’s finish the job this time.

Let’s cap the cost of insulin at $35 a month for every American who needs it.

This law also caps out-of-pocket drug costs for seniors on Medicare at a maximum $2,000 per year when there are in fact many drugs, like expensive cancer drugs, that can cost up to $10,000, $12,000, and $14,000 a year.

If drug prices rise faster than inflation, drug companies will have to pay Medicare back the difference.

And we’re finally giving Medicare the power to negotiate drug prices. Bringing down prescription drug costs doesn’t just save seniors money.

It will cut the federal deficit, saving tax payers hundreds of billions of dollars on the prescription drugs the government buys for Medicare.

Why wouldn’t we want to do that?

Now, some members here are threatening to repeal the Inflation Reduction Act.

Make no mistake, if you try to do anything to raise the cost of prescription drugs, I will veto it.

I’m pleased to say that more Americans have health insurance now than ever in history.

A record 16 million people are enrolled under the Affordable Care Act.

Thanks to the law I signed last year, millions are saving $800 a year on their premiums.

But the way that law was written, that benefit expires after 2025.

Let’s finish the job, make those savings permanent, and expand coverage to those left off Medicaid.

Look, the Inflation Reduction Act is also the most significant investment ever to tackle the climate crisis.

Lowering utility bills, creating American jobs, and leading the world to a clean energy future.

I’ve visited the devastating aftermaths of record floods and droughts, storms and wildfires.

In addition to emergency recovery from Puerto Rico to Florida to Idaho, we are rebuilding for the long term.

New electric grids able to weather the next major storm.

Roads and water systems to withstand the next big flood.

Clean energy to cut pollution and create jobs in communities too often left behind.

We’re building 500,000 electric vehicle charging stations installed across the country by tens of thousands of IBEW workers.

And helping families save more than $1,000 a year with tax credits for the purchase of electric vehicles and energy-efficient appliances.

Historic conservation efforts to be responsible stewards of our lands.

Let’s face reality.

The climate crisis doesn’t care if your state is red or blue. It is an existential threat.

We have an obligation to our children and grandchildren to confront it. I’m proud of how America is at last stepping up to the challenge.

But there’s so much more to do.