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IT CONTINUES: House Passes Marxist Social Expenditure Adjustment Bill

Sure enough, tThe House of Representatives passed President Joe Biden’s $1.85 trillion Building Back Better (BBB) ​​Act on Friday, sending the measure to the Senate, where major roadblocks have can significantly change, or even stop, the law.

The vote follows a $1.2 trillion bipartisan infrastructure measure signed into law this week.

Biden’s BBB bill would add millions of new immigrants to the US population in its first 10 years, in addition to an amnesty for about 6.5 million people, according to the Congressional Budget Office (CBO).

“About 6.5 million foreigners (non-US citizens) will be pardoned,” notes the CBO’s $121.7 billion cost estimate.

Minority Leader Kevin McCarthy, the top Republican in the House, stalled the inevitable journey for more than eight hours, affecting the legislation and the entire Democratic agenda.

The huge spending bill, which starts at $3.5T, has been cut almost in half in cost and size to win over party-centrics.

Despite the changes, House Democrats have hailed the measure as transformative and important in helping working-class families struggling with the high cost of living. .

The Rebuild Better Act would provide free preschool, funds for families caring for the elderly or disabled, and controversial paid leave. It would also extend the expanded child tax credit and expand subsidies for health insurance policies through Obamacare.

The bill also includes the Green New Deal agenda that includes key tax credits for clean energy, limiting carbon emissions.

“The name refers to the widespread recognition that there are too many Americans who can barely afford to participate in our economy and we simply cannot go back to the way things were before. epidemic,” said House Majority Leader Steny Hoyer, a Maryland Democrat. “This bill is really for the people.”

However, Democrats face a number of challenges in getting the bill through the Senate.

The senator must complete an analysis of the bill that has passed the House to ensure it adheres to the rules of budget tactics that Senate Democrats plan to use to pass the bill by 51 votes. instead of the usual 60 votes needed to pass a vote.

The House bill includes a provision that would help millions of illegal workers stay in the United States, though the Senate senator has rejected other attempts to add immigration policy to the bill.

The bill must also meet the approval of skeptical centrist Joe Manchin of West Virginia and Kyrsten Sinema of Arizona.

Manchin told reporters this week that he worries the bill’s high costs will prolong or exacerbate inflation that is hitting his voters hard. He also opposed the provision of paid leave in the House bill, arguing that the country could not get new benefits when Social Security and Medicare were struggling financially.

Majority Leader Chuck Schumer (D-NY) told reporters he plans to bring in the bill before Christmas.

If the Senate implements the changes, the House will have to absorb the bill passed by the Senate and accept amendments that are likely to appreciate the libertarians.

Invoice new included tax increase and tax enforcement through 80,000 new IRS agents that will bring in revenue to pay for some measures.

Republicans unanimously voted against the bill and opposed the measure during a brief floor debate before the final vote, calling the measure irresponsible and disingenuous. contact a country concerned about inflation that economists warn will worsen with additional federal spending.

The bill lifts the $10,000 limit on state and local tax deductions, a change that would disproportionately benefit wealthy taxpayers in blue states.

Republicans point out the measure also includes a methane fee, which they say will increase the cost of natural gas.

“Everyone who heats their home with natural gas this winter will have to pay 30% more,” said Minority Whip Steve Scalise, a Republican in Louisiana. “And for what? Tax breaks for millionaires in five states. “

https://smartzune.com/it-continues-house-passes-marxist-social-spending-reconciliation-bill/ IT CONTINUES: House Passes Marxist Social Expenditure Adjustment Bill

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