By Casey Harper (Center Square)
One of the country’s top economic and business groups is warning that the 3.5 3.5 trillion spending bill before Congress is a “threat to existence” for the nation’s economy.
The U.S. Chamber of Commerce has launched a six-figure television ad aimed at raising proposed taxes that would “take more money from small businesses and working families.”
Early ads will run in California, Minnesota, Virginia, New York and Iowa.
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Suzanne Clark, president and CEO of the U.S. Chamber of Commerce, said the reconciliation bill is effectively 100 bills that represent every major government concept that Congress has ever passed. “The bill is an existential threat to America’s fragile economic recovery and future prosperity. We will not find a sustainable or practical solution to a huge bill that is equal to double the combined budgets of all 50 states. The success of the bilateral infrastructure talks provides a better model for Congress on how to move forward in solving America’s problems.
The chamber sent a letter to the House of Representatives last week warning members not to support the law.
“Everything except tax hikes and kitchen sinks to create new government spending and regulatory programs will pose an existential threat to America’s fragile economic recovery and future prosperity and harm America as we work to compete globally, especially with China,” the letter said. “No member of Congress can gain the support of the business community if they vote to pass this bill as it is currently being built.”
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But some lawmakers are threatening that if the r. 5 trillion spending plan is not passed, the bilateral infrastructure bill will be sabotaged. On Wednesday, 11 Democratic senators said they would kill the $ 1 trillion infrastructure bill without measuring $ 3.5 trillion.
The senators, who have issued a joint statement, include Sense. ., Alex Padilla, D-Calif.
The senators said in a joint statement that “we voted in favor of the Bilateral Infrastructure Bill with a clear commitment that the two pieces of the package would go a double way.” “Abandoning the. 3.5.5 trillion Build Back Better Act and passing the infrastructure bill first would be a breach of that agreement.
Congress must not underestimate the president’s proposals that will create new opportunities for American families and workers. The House of Representatives will have to wait for the Bilateral Infrastructure Bill to pass until the Budget Reconciliation Bill, which remains on the President’s Build Back Better Agenda, is sent to the President’s desk.
“We strongly support the Congressional Progressive Caucus and other members of the House who have stated that they would like to vote for the Bilateral Infrastructure Bill as soon as the Build Back Better Act is passed.” “That’s what we agreed on, that’s what the American people want, and that’s the only way for this Congress.”
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This position complicates matters for democratic leadership, especially after multiple Democratic senators say they cannot support a larger bill because of its huge price tag. Sen Joe Manchin, DWV, and Sen-Kirsten Cinema, D-Ariz, have both jumped on the bandwagon for a $ 3.5 trillion bill.
“These are not indications of an economy that needs trillions in additional costs,” Manchin said. “Every elected leader is chosen to make difficult decisions. Adding a trillion dollars to the nearly ট্র 29 trillion national debt, without any consideration of the negative impact on our children and grandchildren, is one of the decisions that has become so easy in Washington. Given the current state of economic recovery, it is not only irresponsible to continue spending at a more appropriate level to respond to a Great Depression or Great Depression – an economy that is on the verge of overheating.
Syndicated with permission from Center Square.