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Biden Speaks On Campaign Trail Andrew Cline Dreamstime 60086ac87af07

Biden Sworn in as President of United States

Jan. 20, 2021
The new president enters office with a slim majority in the Senate and plans to prevent manufacturing offshoring.

Joseph R. Biden was sworn in as the 46th President of the United States January 20. In a speech following the oath, he said he would be a president for all Americans and work to heal a divisive political landscape.

Biden, a Democrat, takes office with a Democratic-majority House of Representatives and an incredibly thin Senate majority (a fifty-fifty split, with a Democratic Vice President, Kamala Harris, as a tiebreaker). He previously served in the Executive Branch as President Obama's Vice-President.

On the campaign trail, President Biden’s manufacturing plan called for stiff tax penalties on companies that offshore operations and an advanceable tax credit for companies to modernize facilities or create jobs in the United States.

Domestically, Biden favors higher taxes on corporations compared to Trump, and his Senate majority—slim as it is—may allow him to effectively reverse Trump’s laissez-faire policies. Where Trump has generally touted the efforts of private companies to train their own employees, including in his “Pledge to America’s Workers” campaign, Biden has called for more federal investment in trade schools and community colleges.

Biden’s trade policies are different in several notable ways from those of his predecessor, Donald Trump. Like Trump, Biden sees China as a trade adversary to the United States, but favors an approach that focuses less on direct confrontation with China via tariffs (an approach that Trump used to sign a trade deal with China) and more on trade pacts that would involve coalitions of nations similar to the TPP, which Biden was a key architect of but which he disavowed on the trail. 

About the Author

Ryan Secard | Associate Editor


Focus: Workforce and labor issues; machining and foundry management

Associate Editor Ryan Secard covers topics relevant to the manufacturing workforce, including recruitment, safety, labor organizations, and the skills gap. Ryan has written IndustryWeek's Salary Survey annually since 2021 and has coordinated its Talent Advisory Board since September 2023.

Ryan got started at IndustryWeek in August 2019 as an editorial intern and was hired as a news editor in 2020 before his 2023 promotion to associate editor, talent. He has a Bachelor of Arts in English from the College of Wooster.

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