{"id":3581,"date":"2023-03-20T14:22:54","date_gmt":"2023-03-20T18:22:54","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=3581"},"modified":"2023-03-20T14:22:54","modified_gmt":"2023-03-20T18:22:54","slug":"president-biden-issues-first-veto-over-influence-from-maga-republicans","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/featured\/president-biden-issues-first-veto-over-influence-from-maga-republicans\/njackson\/2023\/03\/","title":{"rendered":"President Biden Issues First Veto Over Influence from &#8216;MAGA Republicans&#8217;"},"content":{"rendered":"\n<p>On Monday, President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing the legislation was overly influenced by &#8220;MAGA Republicans.&#8221;<\/p>\n\n\n\n<p>The Republican-led legislation prevented Biden&#8217;s administration from taking environmental, social, and corporate governance (ESG) issues into account when making investment decisions. GOP lawmakers argue ESG is a measure of a corporation&#8217;s loyalty to &#8220;woke&#8221; cultural movements and should not be taken into account.<\/p>\n\n\n\n<p>&#8220;I just vetoed my first bill. This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don&#8217;t like. Your plan manager should be able to protect your hard-earned savings \u2014 whether Rep. Marjorie Taylor Greene likes it or not,&#8221; Biden announced in a Monday tweet<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I just vetoed my first bill.<br><br>This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don&#39;t like.<br><br>Your plan manager should be able to protect your hard-earned savings \u2014 whether Rep. Marjorie Taylor Greene likes it or not. <a href=\"https:\/\/t.co\/PxuoJBdEee\">pic.twitter.com\/PxuoJBdEee<\/a><\/p>&mdash; President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1637860509432045591?ref_src=twsrc%5Etfw\">March 20, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>House Speaker Kevin McCarthy (R) responded to the President&#8217;s veto, accusing him of prioritizing woke corporations over workers.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">In his first veto, Biden just sided with woke Wall Street over workers. Tells you exactly where his priorities lie.<br><br>Now\u2014despite a bipartisan vote to block his ESG agenda\u2014it\u2019s clear Biden wants Wall Street to use your retirement savings to fund his far-left political causes.<\/p>&mdash; Kevin McCarthy (@SpeakerMcCarthy) <a href=\"https:\/\/twitter.com\/SpeakerMcCarthy\/status\/1637873248615407618?ref_src=twsrc%5Etfw\">March 20, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to <a href=\"https:\/\/www.foxnews.com\/politics\/biden-issues-first-veto-presidency-influence-maga-republicans\" target=\"_blank\" rel=\"noreferrer noopener\">Fox News<\/a>, under the rule fiduciaries who make investment decisions for the retirement plans of more than 150 million people would be explicitly permitted under federal guidelines to consider companies\u2019 approach to\u00a0<a href=\"https:\/\/www.foxnews.com\/politics\/top-republican-raises-alarm-biden-energy-secretarys-work-china-connected-group-pushing-gas-stove-ban\" target=\"_blank\" rel=\"noreferrer noopener\"><u>climate change<\/u><\/a>\u00a0and other social issues, instead of focusing on only profitability and return on investment for retirees.<\/p>\n\n\n\n<p>Sen. Joe Manchin (D-WV) blasted Biden for the veto on Monday, saying Biden was placing &#8220;radical&#8221; social agendas over the American people.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This Administration continues to prioritize their radical policy agenda over the economic, energy and national security needs of our country, and it is absolutely infuriating,&#8221; Manchin wrote in a statement. &#8220;West Virginians are under increasing stress as we continue to recover from a once in a generation pandemic, pay the bills amid record inflation, and face the largest land war in Europe since World War II. The Administration\u2019s unrelenting campaign to advance a radical social and environmental agenda is only exacerbating these challenges.&#8221;<\/p>\n\n\n\n<p>&#8220;President Biden is choosing to put his Administration\u2019s progressive agenda above the well-being of the American people,&#8221; he added.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing the legislation was overly influenced by &#8220;MAGA Republicans.&#8221; The Republican-led legislation prevented Biden&#8217;s administration from taking environmental, social, and corporate governance (ESG) issues into account when making investment decisions. GOP lawmakers argue ESG is a measure of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[536,78,273,537,535],"class_list":["post-3581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","tag-esg-rule","tag-joe-biden","tag-kevin-mccarthy","tag-maga-republicans","tag-veto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Biden Issues First Veto Over Influence from &#039;MAGA Republicans&#039; - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/featured\/president-biden-issues-first-veto-over-influence-from-maga-republicans\/njackson\/2023\/03\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Biden Issues First Veto Over Influence from &#039;MAGA Republicans&#039; - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"On Monday, President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing the legislation was overly influenced by &#8220;MAGA Republicans.&#8221; The Republican-led legislation prevented Biden&#8217;s administration from taking environmental, social, and corporate governance (ESG) issues into account when making investment decisions. 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