The U.S. Chamber of Commerce stepped up. It made moves against the radical liberal agenda, accusing Democrats of covering up the real cost of the reconciliation bill by using “gimmicks.”
U.S. Chamber of Commerce called Congress to acknowledge inflationary effects of the massive bills
The U.S. Chamber of Commerce called out Congress in a letter, asking them to recognize the real impact of the expensive bills they are attempting to push through.
On Monday, the Chamber of Commerce sent a letter to Washington D.C., urging Democrats to rethink the reconciliation package. They cited a long-lasting effect on the future of the U.S. economy, particularly in its inflationary outcomes.
On the other hand, Biden is expected to sign the infrastructure bill on Monday. According to provisions, it is intended to fund infrastructure projects such as roads, bridges, and water pipes. It will also address the broadband internet.
Most corrupt administration in history..
‘Gimmicks’ in reconciliation bill cover up over $1T in spending, US Chamber of Commerce says https://t.co/4cRjfZ5UbR #FoxBusiness
— Sam J (@sam92_sj) November 11, 2021
On top of the massive $1.2 trillion infrastructure bill, Democrats are also looking at passing the $1.75 trillion social spending package. According to Democrats, this is intended to fund eldercare, childcare, healthcare, and other programs to address climate change.
It should be noted Congress has never been evenly split for the past 20 years. In the House, Democrats only have a few extra members, while the Senate is fairly divided.
What’s shocking is how the Chamber of Commerce called out Democrats for hiding the real cost of the bill.
The Chamber stated the bills authored by Democrats have a provision that disguises its real price tag. They called them the “sunset provision,” which will expire after a certain timeframe, but could be further extended.
Manchin also accused Democrats of covering up the real price tag of the bill
Joe Manchin, a moderate Democrat member of the Senate, has also previously alleged the bill contains “shell games.” Manchin stated the amount of it could possibly be twice the numbers Democrats are declaring.
On the other hand, the Congressional Budget Office, which will provide “scores” for the bill, announced on Tuesday so far, they have no timeline yet as to when the scores will be generated.
🚨 New report from Penn's Wharton business school says the real cost of Dems' insane spending bill is $3.98 TRILLION.
That's more than TWICE what Pelosi claims it is.
No wonder she wants to ram it through without the official price tag from the Congressional Budget Office. pic.twitter.com/yaQxFJvtys
— Steve Scalise (@SteveScalise) November 5, 2021
The scores given by the Congressional Budget Office will provide an estimate of the impact the massive legislation will make on the U.S. budget. This is done by looking at various factors, such as the budget deficit, country’s revenue, and spending.
The agency likewise noted given the length of the legislation, it might take time to give the legislation the scores. However, they emphasized they are in the process.
Phillip Swagel, the Congressional Budget Office director, also noted in the past few months, they have been providing technical support to committees as they were finalizing the provisions of the bill.
Swagel remarked multiple provisions of the bill require analysis which could get complicated. They pledged to provide the estimated score of the legislation as soon as possible.
