President Joe Biden surveyed the damage from a deadly weekend tornado in Mayfield, Ky., on Wednesday and said, “We’ve got $99 billion worth of damage just this year — just the year — because of foul weather and climate change.”
In Dawson Springs, Ky., he reiterated the cost of damages and then, in a possible reference to his Build Back Better Act, he said: “I promise you: You’re going to heal. We’re going to recover. You’re going to rebuild. You’re going to be stronger than you were before. We’re going to build back better than it was.”
Democratic lawmakers reportedly eliminated a proposed measure to ban offshore oil and gas drilling along the U.S. coastline from their sweeping spending package after Democratic Sen. Joe Manchin announced his opposition.
The provision was absent from an early draft of the roughly $2.2 trillion Build Back Better Act that was circulated on Capitol Hill by the Senate Energy and Natural Resources Committee which Manchin chairs, congressional aides toldThe New York Times and The Washington Post. The restriction would have applied to all drilling rigs located in the Atlantic Ocean and Pacific Ocean as well as the Gulf of Mexico.
President Joe Biden has repeatedly touted that his “Build Back Better” spending bill would not add to the national debt, but the nonpartisan Congressional Budget Office analysis released Friday countered that claim.
Republicans requested the CBO examination before voting on the bill, asking what the cost would be if spending provisions in the bill are continued for 10 years, instead of expiring sooner.
Included in the Democrats’ Build Back Better Act currently before the U.S. Senate is a proposal to allocate $80 billion to the Internal Revenue Service to hire nearly 87,000 additional agents – a plan opposed by a majority of voters recently polled.
The BBBA proposal also comes after numerous reports show years of examples of agency problems costing taxpayer money.
According to a new HarrisX poll, 58% of likely voters said they think increased enforcement would impact middle class taxpayers the most; 23% said it would only impact the wealthy.
Several immigration provisions tucked inside the Democrats’ spending bill are set to greatly expand the number of legal, high-skilled immigrants admitted to the U.S., handing large tech companies a major victory.
The provisions, included in the $1.75 trillion Build Back Better Act, propose a number of changes to the immigration system intended to help relieve the green card backlog and admit more immigrants. The bill proposes “recapturing” green cards that were authorized but never actually issued due to administrative complications, as well as exempting visa applicants from numerical and country limits if the applicants pay a fee.
The House passed a $1.2 trillion infrastructure spending bill late Friday night, advancing legislation held for ransom for months by Democrats’ left flank to ensure passage of a much more expensive social spending package.
The House vote completed about 11:30 p.m. was 228-206, with 13 Republicans joining all but six Democrats in support of the infrastructure spending plan and sending President Joe Biden a much-needed victory for his signature.
A provision in the most recent version of the Democrats’ spending proposal allocates $500 million for a privacy bureau within the Federal Trade Commission, with little guidance on how the money is to be spent.
The bill, known as the Build Back Better Act, appropriates $500 million for fiscal year 2022 to the Federal Trade Commission (FTC) to “create and operate a bureau” tasked with protecting data privacy.
A group of House Democrats on Wednesday called for a tax reporting proposal included in the Build Back Better Act to be scrapped, citing concerns over privacy.
“Americans expect their bank or credit union to safeguard their financial information,” the Democrats wrote in a letter addressed to House Speaker Nancy Pelosi and Ways and Means Chair Richard Neal. “This proposal would erode trust in financial services providers.”
The House Committee on Energy and Commerce rejected a key drug pricing control bill in a stunning rebuke of House Speaker Nancy Pelosi and Democratic leadership.
Democratic Reps. Kurt Schrader, Scott Peters and Kathleen Rice voted alongside their Republican colleagues on the panel, creating a 29-29 tie on the vote to pass the legislation during a committee hearing Wednesday. The hearing was held to mark up parts of Democrats’ sweeping $3.5 trillion budget reconciliation package, the Build Back Better Act.