Sen. Loeffler Releases Economic Plan to End Dependence on China, Spur Economic Growth

SEN. LOEFFLER RELEASES ECONOMIC PLAN TO END DEPENDENCE ON CHINA, SPUR ECONOMIC GROWTH

ATLANTA – Today, conservative businesswoman and political outsider Kelly Loeffler released the USA Restoring & Igniting the Strength of our Economy (USA RISE) Plan – a framework to end American dependence on China and drive job growth and economic opportunity for American families. Senator Loeffler’s plan draws on her decades of private sector experience to call for a dramatic shift in the United States’ supply chain and a renewed investment in American businesses and workers to jumpstart economic recovery.

From Fox News:

“Sen. Kelly Loeffler, R-Ga., ramped up calls for shifting supply chains for many goods that are made in China back to the U.S. in a post-coronavirus economic recovery plan she released Tuesday — an issue that many Republican lawmakers, including Loeffler herself, have highlighted in recent weeks.

“Loeffler’s plan, first obtained by Fox News, is called the USA Restoring & Igniting the Strength of our Economy (USA RISE), and among many topics addresses American reliance on Chinese supplies, saying the ‘U.S. must break its dependency on China and reinvest in our domestic manufacturing capacity.’

“‘As a member of the U.S. Senate and of President Trump’s Opening Up America Again Congressional Group, I am dedicating my decades of business experience to helping address our country’s economic recovery from this global pandemic,’ Loeffler says in a summary of the plan. ‘The USA Rise Plan offers a basic framework for a dialogue about America’s return to growth, and to limit any further spending to specific areas targeted at strengthening our country.’”

“Loeffler herself previously urged the Trump administration to demand ‘significant concessions’ from China in any new trade deals, including on medical supply chains. But Loeffler’s new plan appears to go further, addressing ‘critical goods such as pharmaceuticals, medical supplies, automotive parts and other production inputs.’

“‘The U.S. should never again have to rely on a foreign country – especially China – for critical components and products we can make right here in at home, made for and by Americans,’ Loeffler says, advocating for incentives to bring such manufacturing back to the U.S.

“The USA RISE plan also proposes a number of other economic measures to take the sting out of what are essentially large-scale economic shutdowns aimed at slowing the spread of the coronavirus. Loeffler advocates for the elimination of payroll taxes for employers for the rest of 2020, an infrastructure bill, new trade deals with China on U.S. agricultural products and more.”

###
Caitlin O’Dea
Press Secretary
(770) 876-1696