Biden Issues First Veto – The American Spectator
Republicans in Congress passed legislation that blocked implementation of a Labor Department rule allowing retirement fund managers for employers to consider environmental, social, and governance (ESG) factors in choosing investments.
President Joe Biden vetoed the bill.
The president made it seem as though Republicans injected, rather than sought to remove, politics from worker retirement funds.
“This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don’t like,” the president remarkably claimed. “Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not.”
Democrat Sens. Jon Tester and Joe Manchin, not exactly “MAGA” Republicans, voted for the legislation.
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Daniel J. Flynn, a senior editor of The American Spectator, is the author of Cult City: Harvey Milk, Jim Jones, and 10 Days That Shook San Francisco (ISI Books, 2018), The War on Football (Regnery, 2013), Blue Collar Intellectuals (ISI Books, 2011), A Conservative History of the American Left (Crown Forum, 2008), Intellectual Morons (Crown Forum, 2004), and Why the Left Hates America (Prima Forum, 2002). His articles have appeared in the Los Angeles Times, Chicago Tribune, Boston Globe, New York Post, City Journal, National Review, and his own website, www.flynnfiles.com.