‘He is Giving the Middle Finger to Middle-Class Americans’: Biden To Use His First Veto
ON THIS DAY IN HISTORY…
1887: Anne Sullivan begins teaching 6 year old blind-deaf Helen Keller.
President Joe Biden is expected to use his first veto to strike down a bill that passed through both chambers of Congress this week.
The legislation (H.J.Res.30) would rescind a Department of Labor rule relating to “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” The rule enables retirement fund managers to consider “environmental, social and governance” (ESG) factors into account when choosing investments, according to Axios.
Two Senate Democrats, Sens. Jon Tester (MT) and Joe Manchin (W. VA), crossed party lines to join Republicans in passing the bill through the chamber.
On Tuesday, the bill passed through the House with support from Republicans and one Democrat, Rep. Jared Golden (ME).
“Republicans are committed to protecting the retirement savings of American families,” Sen. John Barrasso (R-WY) said Wednesday. “And Joe Biden is trying to veto our efforts – he is giving the middle finger to middle-class Americans who are concerned about the returns on their retirement funds.”
GOP lawmakers say ESG factors are an example of “woke” business tactics.
“We have these woke and weaponized bureaucrats at the Department of Labor and they came out with regulations to invest retirement money in far-left liberal causes,” Barrasso said.
“We have to stop Joe Biden from strangling Americans’ retirement money. People deserve better and more freedom than this command and control we are seeing from this administration,” he added.
The Biden administration has said it “strongly opposes” the measure, and that the president would veto it if it came across his desk.
The White House said if the rule were overturned, “the federal government would be interfering with the market.”
8 comments on ‘He is Giving the Middle Finger to Middle-Class Americans’: Biden To Use His First Veto
The taxpayers should have control over their retirement funds and choose which funds they want their money invested. Biden is a tyrant.
Absolutely Agree! We work for the money and after taxes are paid -THE REMAINDER MUST BE THE SOLE REGULATORS DECISION AS TO WHAT TO DO WITH IT! NOT SOME CORRUPT POLITICIAN!
Demo maggots are Anti American, vote Republican for the sake of America and your children
Why would he veto the bill because he says if you make less then 400ooo A year he would not raise our taxes.
It is not the governments job to pick winners and losers in a free market, and the judges in their stupid black robes sit on their rhumbs, while the Marxist democrats steal the marketplace!
Of course he does. He’s part of the cabal that want rid of middle America and for all to be nothing but serfs/slaves in their feudal system.
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