The Build Back Better Act would invest an estimated $295 billion of taxpayer money into a variety of clean energy programs in what would amount to the most sweeping climate effort passed by Congress.
The spending issue on its own is deeply concerning. What makes this bill worse is how it’s crammed with all kinds of straight giveaways to Democrat-oriented groups, as well as policies that wouldn’t pass through stand-alone legislation.
“This reconciliation bill is effectively 100 bills in one representing every big government idea that’s never been able to pass in Congress,” U.S. Chamber of Commerce President Suzanne Clark said. “The bill is an existential threat to America’s fragile economic recovery and future prosperity.”
What status will the Vermont voter have when state spending is not done by state agencies but by a detached nonprofit organization? Forget a career in business, the trades, or the professions; the nonprofits are the future. Just follow the money.
All of this adds up to a significant guaranteed income, with no requirement to work for a living so long as it lasts. Democrats said at the start of the pandemic that this would be temporary, but now they want to make it permanent in Bernie Sanders’ $3.5 trillion budget.
Congressional committees began meeting Tuesday to formally draft Democrats’ $3.5 trillion budget, moving ahead with the sweeping bill that contains much of President Joe Biden’s domestic agenda. Vermont Sen. Bernie Sanders, chair of the Senate Budget Committee, wrote the bill’s framework.
The stark reality is that our politicians in Vermont are already spending money well beyond our tax capacity. But the really scary thing is, they’re not done. Not by a long shot.
“The American people are fed up with the Democrats’ reckless spending,” said Missouri Republican Rep. Jason Smith, the House Budget Committee’s ranking member. “They bring forth a budget resolution that … has $6 trillion in new spending. … Bernie Sanders may have lost the presidential primary, but his policies have won.”
West Virginia Democratic Sen. Joe Manchin raised concerns over the $3.5 trillion budget plan the Senate passed Wednesday, warning that the level of spending would have a negative impact on future generations.
With the IIJA’s passing, senators are now set to take up their budget resolution. The mammoth resolution, unveiled by Vermont Independent Sen. Bernie Sanders, addresses priorities including health care, climate change and immigration and as outlined costs $3.5 trillion.
This shows a nearly 25 percent increase in state spending in just two years. Nearly a billion of the dollars fueling this spree are calculated to go away in 2022. Perhaps more alarming, Klein finished his presentation with two solid pages of text outlining pending needs and requests for funding major new or vastly expanded programs.
This legislation will extend the Child Tax Credit to deliver direct monthly payments of up to $300 per child to families. It will guarantee that no family pays over 7 percent of their income for child care. It will provide paid family and medical leave for working people. It will allow everyone to attend community college tuition-free.