Posted on 11/18/2021 6:03:37 PM PST by Oldeconomybuyer
WASHINGTON — A divided House moved toward passage Thursday of Democrats’ expansive social and environment bill as new cost estimates from Congress’ top fiscal analyst suggested that moderate lawmakers’ spending and deficit worries would be calmed, moving President Joe Biden closer to a badly needed victory.
While significant Senate changes are likely due to cost-cutting demands by moderate Sen. Joe Manchin, D-W.Va., House passage would edge Biden closer to winning more of his domestic priorities at a time when his public approval is faltering badly.
The 2,100-page bill would bolster child care assistance, create free preschool, curb seniors’ prescription drug costs and beef up efforts to slow climate change.
In a scorekeeping quirk, CBO formally estimated that the legislation would drive up federal budget deficits by $367 billion over the coming decade. The agency’s budget guidelines technically require it to not count IRS savings when measuring a bill’s deficit impact. But it acknowledged that the measure’s true impact would produce added shortfalls of the lower figure — $160 billion — when counting added revenue the IRS would collect.
The nonpartisan Committee for a Responsible Federal Budget, which preaches fiscal constraint, estimated that the bill’s overall cost would be nearly $5 trillion if Democrats hadn’t made some of its programs temporary. For example, tax credits for children and low-earning workers, top party priorities, are extended for just one year, making their price tags appear lower, even though the party would like those programs to be permanent.
(Excerpt) Read more at apnews.com ...
Somebody, anybody, kill this bill.
These are the Assistant Democrats that made all of this possible.
They knew it was a Trojan horse when they voted for it.
Dan Sullivan (R-AK) Shelley Moore Capito (R-WV) Mike Crapo (R-ID) Roy Blunt (R-MO) Richard Burr (R-NC) Deb Fischer (R-NE) Lindsey Graham (R-SC) Rob Portman (R-OH) Thom Tillis (R-NC) Lisa Murkowski (R-AK) Jim Risch (R-ID) Chuck Grassley (R-IA) Bill Cassidy (R-LA) Kevin Cramer (R-ND) Roger Wicker (R-MS) Mitch McConnell (R-KY) John Hoeven (R-ND) Susan Collins (R-ME) Mitt Romney (R-UT)
Plus these Assistant Democrats in the House: Van Drew, Katko, Bacon, YoungAK, Upton, Kinzinger, SmithNJ, Fitzpatrick, Reed, Gabarino, GonzalezOH, McKinley.
The Democrats needed GOP help and they got it.
He was always going to get it passed in the house.
DAMN THE GOP FOR PASSING THE FIRST BILL.
I just can’t figure out how so many are calling this a “victory”. I mean when one spends money, even for relatively modest things like a car or buying a stock one can’t say that was instantly a victory. Right?
In other words spending is somewhat of a risk. The car may turn out to be a lemon or the stock may drop in value. One doesn’t usually know if spending is a positive action until later. Yet all the news talking heads say he needs a win, he needs a victory.
So I guess the only measure of victory for a POTUS is too pass bills…any bills that cost a lot…so strange to me.
Invest in wheelbarrows.
This bill is all about giving free stuff to Democrat’s favorite people and causes.
I’ll need more than 1 wheelbarrow to take my guns and ammo to the lake for a boat ride
Okay, for all you climate deniers out there, we must stop the earth from warming, no matter what the cost. And we need to keep Mars from warming too. That’s in the next Democrat and assistant Democrat bill:
https://www.heartland.org/news-opinion/news/mars-is-warming-nasa-scientists-report
Yes, that is right. Mars is warming too. Probably some evil black white supremacist is to blame.
Sarcasm.
More than half is for the ridiculous goal of reversing climate change....
This is the other bill. The one that will end America for good.
Here’s the trick....fund something for one year....and it will NEVER go away.
They knew when they were voting for that one they were enabling this one.
If climate change was real and not anything perpetuated by leftists to get their children to brush their teeth - the dangers would be obvious and readily corrected.
I can never forgive the GOP for blocking Trump for two years before throwing the house elections to the dems so they could block him for the last two years of his administration. And now they have assisted Biden, the most unpopular president since ... George W Bush! ... who is wrecking everything anc causing misery everywhere, in getting everything he wants passed right through. I will never, ever, under any circumstance vote for a RINO because people assure me at least he isn’t a dem. They are the same damned thing!
“create free preschool”
Nothing is more expensive than a “free” government program.
Democrats are determined to dig their hole all the way to hell.
McCarthy is tearing it up, an epic speech.
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