Economic policy

DeGroot: Liberal Rep. Sherrill caving in to fellow progressives on economic policy bill

Progressive politician Rep. Mikie Sherill (D-CD 11) voted with fellow House Liberals and the Biden administration last week to pass the so-called America Competes Act. Republican congressional candidate Paul DeGroot of Pine Brook said Sherrill’s vote would not boost America’s global competitiveness and do little to help the United States compete with China.
“Congress can put any name on any bill, but that doesn’t mean the legislation will do what it says it will do,” DeGroot said.

“In this case, the ‘Competes’ bill that Rep. Sherrill supported does little to help the United States take on China, but more to fulfill the discredited Green New Deal of progressives,” added DeGroot, “a lawyer.
The Competition Act (HR-4521) has met with opposition from the US Chamber of Commerce and many other organizations because it is riddled with funding for progressive spending ideas that have nothing to do with the support of American companies.

The 2,900-page bill includes:
1. Advocating for the United States to abide by the Paris Climate Accord, crippling America’s own economic production while doing nothing to slow China’s much larger pollution.
2. Direct our military to focus on climate change.
3. Encourage critical race theory at the National Science Foundation, including hiring a new “diversity chief.”
4. Direct money to China from the World Bank Group and the Asian Development Bank as long as they promise to use it to fight climate change.
5. An additional $8 BILLION for the United Nations “Green Climate Fund”.

“While the bill contains notable investments, including funding to build capacity for U.S. semiconductors and new tools for supply chain resilience – the legislation is also bogged down by too many regulations – covering everything , from golf club heads to women’s slippers — all of which have nothing to do with unleashing and rewarding the ingenuity of American businessmen,” DeGroot added.

DeGroot also noted that America would not remain at the top of the global economic ladder if Representative Sherrill and President Biden continued their war on necessary fossil fuels that not only provide energy but are also part of dozens thousands of products that Americans use every day.

“Rep. Sherril wants the American people to forget the fact that she supported President Biden’s veto on the Keystone pipeline that has cost thousands of Americans their well-paying jobs and reduced the flow of oil from Canada to the United States. It was a big win for Russia and China,” DeGroot noted.

“Under President Biden, the United States has moved from energy independence to a nation now dependent on foreign oil. We can never remain the world leader in trade if we depend on other countries to produce vital energy products for us,” DeGroot said.

The new CD-11 includes the following municipalities in Morris, Essex and Passaic counties: Belleville, Bloomfield, Cedar Grove, Fairfield, Glen Ridge, Livingston, Maplewood, Millburn, Montclair (in part), North Caldwell, Nutley, Roseland, South Orange and West Caldwell in Essex County; Boonton, Boonton Township, Butler, Chatham, Chatham Township, Denville, Dover, East Hanover, Florham Park, Hanover, Harding, Jefferson, Kinnelon, Lincoln Park, Madison, Mendham Twp (part), Montville, Morris Plains, Morris Township, Morristown Town, Mountain Lakes, Parsippany-Troy Hills, Pequannock, Randolph, Riverdale, Rockaway, Rockaway Township and Victory Gardens in Morris County; Little Falls, Totowa, Wayne (part) and Woodland Park in Passaic County.

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