On the recordJuly 15, 2021
our Democratic colleagues have begun to lay out the groundwork for a partisan reconciliation bill totaling $3.5 trillion--what used to be an absolutely astonishing amount of money. We don't have many details about how that money could be spent, but based on everything we have heard from President Biden and our Democratic colleagues over recent months, there are some safe assumptions: Medicare expansion, Green New Deal-era climate initiatives, and a range of free programs that we know aren't free at all--college, childcare; you name it. To pay for these runaway spending habits, our Democratic colleagues will lean on job-killing tax increases and excessive borrowing from future generations. As a reminder, this is only one-half of the dual- track strategy they are pushing this month. The other half is more than $1 trillion worth of infrastructure. And I would note that while there is strong bipartisan support for an infrastructure bill, that the Democratic leader is apparently intending to file for cloture on a motion to proceed to a bill that hasn't even been written yet, much less had a Congressional Budget Office score to see whether the pay-fors are meaningful or phony. As I see it, our friends on the other side have made it even more difficult to convince our colleagues, let alone the American people, that this type of spending is necessary. After all, they have already developed a spotty record this year.…
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