Reconciliation Bill Includes “Gimmicks” to Cover Real Cost

The U.S. Chamber of Commerce has spoken, as they accuse Democrats of using “gimmicks” in order to cover up over $1 trillion in the reconciliation bill authored by liberals.

The Chamber of Commerce likewise called on Congress to recognize the “real-world impact” of the massive bill.

U.S. Chamber of Commerce asking Democrats to acknowledge inflationary impact of the bill

On Wednesday, a letter was sent by the business group to politicians in Washington D.C., asking the lawmakers to acknowledge the real cost of the legislation and the inflationary impact of it.

This particularly deals with how the policy will generate a lasting effect on the fate of workforce participation. During a ceremony scheduled at the White House on Monday, Biden is expected to sign the $1.2 trillion infrastructure bill.

The bill was intended to provide funding for physical infrastructure projects, such as bridges, roads, water pipes, as well as broadband internet.

Other than this, Democrats are also eyeing passing an even larger bill, a $1.75 trillion package aimed at expanding healthcare, elder care, child care, as well as climate change programs.

In the past 20 years, Congress has never been this closely split with Democrats having just a few extra seats in the House, while the Senate is split 50-50.

According to the Chamber of Commerce, the reconciliation bill authored by Democrats includes a provision that disguises the real cost. They added these sunset provisions would expire after a certain period; however, they could be extended.

Thus, the amount would look smaller than its real cost.

Manchin stated the bill has “shell games”

Moderate Democrat Senator Joe Manchin recently called these provisions “shell games,” noting the actual price of the bill could be twice the amount announced.

Republican Congressman Kevin Brady likewise joined in, slamming the social spending package endorsed by Biden.

Meanwhile, on Tuesday, the Congressional Budget Office declared at present, there are no timelines as to when they will generate a score for the social spending package Democrats are attempting to pass.

The Congressional Budget Office gives “scores” for bills that show an estimate on how the legislation will impact the nation’s budget; they do this by looking at factors such as revenue, spending, and deficits.

The agency noted they are already working on the score; however, given the length of the legislation, it will probably take time.

Phillip Swagel, director of the Congressional Budget Office, noted in the past months, they have given technical support to committees as they finalize their proposal for different parts of the bill.

Swagel added the analysis of the many provisions of the bill is complicated. Therefore, the Congressional Budget Office will give an estimate of the cost for the entire legislation as soon as they can.