U.S. Chamber of Commerce: Dems’ $3.5 trillion spending bill ‘existential threat’ to economy

By Casey Harper | The Center Square

One of the nation’s leading economic and business groups is warning that the $3.5 trillion spending bill before Congress is an “existential threat” to the nation’s economy.

The U.S. Chamber of Commerce has launched a six-figure television ad campaign targeting the proposed tax hikesin the measure that would be “taking more hard-earned money from small businesses and working families.”

U.S. Chamber of Commerce

U.S. Chamber of Commerce President and CEO Suzanne Clark

The initial ads will play in California, Minnesota, Virginia, New York and Iowa.

“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 and CEO Suzanne Clark said. “The bill is an existential threat to America’s fragile economic recovery and future prosperity. We will not find durable or practical solutions in in one massive bill that is equivalent to more than twice the combined budget of all 50 states. The success of the bipartisan infrastructure negotiations provides a much better model for how Congress should proceed in addressing America’s problems.”

The chamber also sent a letter to the House of Representatives last week warning members to not support the legislation.

“This ‘everything but the kitchen sink’ approach to raising taxes and creating new government spending and regulatory programs is an existential threat to America’s fragile economic recovery and future prosperity, and will hamstring America as we work to compete globally, especially with China,” the letter said. “No member of Congress can achieve the support of the business community if they vote to pass this bill as currently constructed.”

But some lawmakers are threatening to sabotage a bipartisan infrastructure bill if the $3.5 trillion spending plan doesn’t pass. On Wednesday, 11 Democratic senators said they would kill the $1 trillion infrastructure bill without passage of the $3.5 trillion measure.

The senators, who released a joint statement, include Sens. Cory Booker, D-N.J., Kirsten Gillibrand D-N.Y., Mazie K. Hirono, D-Hawaii, Ed Markey, D-Mass., Jeff Merkley, D-Ore., Alex Padilla, D-Calif., Bernie Sanders, I-Vt., Brian Schatz, D-Hawaii, Tina Smith, D-Minn., Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I.

“We voted for the bipartisan infrastructure bill with the clear commitment that the two pieces of the package would move together along a dual track,” the senators said in the joint statement. “Abandoning the $3.5 trillion Build Back Better Act and passing the infrastructure bill first would be in violation of that agreement. Congress must not undercut the President’s proposals that will create new opportunities for America’s families and workers. The House of Representatives should wait to pass the bipartisan infrastructure bill until the budget reconciliation bill, which enacts the rest of the President’s Build Back Better agenda, is sent to the President’s desk.

“We strongly support the Congressional Progressive Caucus and other members in the House who have said they intend to vote for the bipartisan infrastructure bill only once the Build Back Better Act is passed,” they added. “That is what we agreed to, it’s what the American people want, and it’s the only path forward for this Congress.”

This stance complicates things for Democratic leadership, especially after multiple Democratic senators have said they cannot support the larger bill because of its hefty price tag. Sen. Joe Manchin, D-W.V., and Sen. Kyrsten Sinema, D-Ariz., have both balked at voting for the $3.5 trillion bill.

“These are not indications of an economy that requires trillions in additional spending,” Manchin said. “Every elected leader is chosen to make difficult decisions. Adding trillions of dollars more to nearly $29 trillion of national debt, without any consideration of the negative effects on our children and grandchildren, is one of those decisions that has become far too easy in Washington. Given the current state of the economic recovery, it is simply irresponsible to continue spending at levels more suited to respond to a Great Depression or Great Recession – not an economy that is on the verge of overheating.”

Images courtesy of The White House and U.S. Chamber of Commerce
Spread the love

4 thoughts on “U.S. Chamber of Commerce: Dems’ $3.5 trillion spending bill ‘existential threat’ to economy

  1. “11 Democratic senators said they would kill the $1 trillion infrastructure bill without passage of the $3.5 trillion measure.”

    Proving yet again the Communist Dems don’t care squat about America’s problems only their Mother of All Pork spending ala
    Build Back Bolshevik plan… defeat this boondoggle so our kids won’t be suffering paying for it..

  2. More pump priming, at the same time as the curse of high inflation (about 6%), will erode incomes of tens of millions, for many years.
    It is an absolute no-no from a RATIONAL point of view.

    However, passing about 100 Dem/Prog, BIG GOVERNMENT wishlist items, all-at-once, is very enticing for many self-serving, Socialist Dem/Progs, who are able to see only the LEFT side of big picture.

    It is time for the adults to show their wisdom, and squash the $1.2 infrastructure bill and $3.5 wishlist items bill, at the same time!!

    • Nancy Pelosi backs off Monday vote on bipartisan $1.2T infrastructure bill

      Biden’s new pitch for $3.5 trillion bill: Class warfare
      House Democrats tee up $1.2T infrastructure bill debate amid deep party divide
      Biden’s domestic agenda could absolutely fail in Congress
      Schumer: ‘Agreement in framework’ to pay for sweeping social spending bill
      ​House Speaker Nancy Pelosi on Sunday backed off her pledge to bring the bipartisan $1.2 trillion infrastructure bill up for a vote on Monday, saying she won’t do it if the votes aren’t there.

      “I’m never bringing to the floor a bill that doesn’t have the votes,” Pelosi said on ABC News’ “This Week.”

      STATE SENATE HEARINGS OF FORENSIC AUDIT RESULTS OF ARIZONA 2020 ELECTION
      https://www.windtaskforce.org/profiles/blogs/state-senate-hearings-of-forensic-audit-results-of-arizona-2020

      • The communist/socialist, Bernie-led Progressives wanted SIX $TRILLION.

        After many crocodile tears, Bernie reduced it to the “bare minimum” of $3.5 TRILLION

        Senator Manchin has previously stated he COULD vote for $1.5 TRILLION.

        Gee, are not WE lucky to get hit with only $1.5 TRILLION

        Remember, all of this has to do with centralized command/control of the US Government by Dem/Progs, and establishing dozens of new, and expansion of existing government programs, all managed by Dem/Progs, a multi-generational fief; WE OWN THE GOVERNMENT; YOU DO AS WE SAY.

Comments are closed.