Senator Joe Manchin (D-WV) threw a monkey wrench into Democratic plans to quickly pass their proposed $3.5 trillion budget plan with an op-ed last week that called for a “pause.”
And while the Democratic-led House is “moving at light speed” to pass the legislation, Rep. Kevin Brady (R-TX) said on Yahoo Finance Live (video above), Sen. Manchin — who holds a crucial swing vote in the upper chamber — is “asking exactly the right questions.”
Some experts predict that for the bill to pass in the Senate, moderate Senate Democrats like Manchin and Kyrsten Sinema (D-AZ) would require that the $3.5 trillion price tag be lowered.
Manchin has repeatedly said lawmakers “need to pay for” asics shoes their ideas, adding that he won’t support a bill that increases the deficit. In his op-ed, Machine stated that the basic question for him is: “What should we fund, and what can we simply not afford?”
Brady, the ranking Republican on the House Ways and Means committee, said that he hoped “others will listen to [Manchin] because if we have that pause and really a thoughtful discussion, I don’t think we’ll rush through these crippling tax hikes or the spending that I [also] think is going to hurt out economy.”
Next steps in the House
The White House describes President Biden’s “Build Back Better Agenda” as “an ambitious plan to create jobs, cut taxes, and lower costs for working families – all paid for by making the tax code fairer and making the wealthiest and large corporations pay their fair share.”
The $3.5 trillion budget resolution is a key part of implementing that economic agenda, and House Speaker Nancy Pelosi (D-CA) has made clear she keen shoes intends to move as quickly as possible.
In a statement Friday, in response to the subpar jobs report, Pelosi said the new data underlines how “decisive action is needed” from Congress and reiterated her push to pass the plan. (Brady predicted that Speaker Pelosi could get the package through the House in the next 3 or 4 weeks.)
Brady’s lesson from what he called a “pretty terrible jobs report” was that the proposed tax increases — to fund measures related to climate change, health care, and family aid — are the last thing that is needed right now given the fragile economic recovery.
The first steps towards the budget’s passage in the House are already underway with relevant Committees gathering to “mark up” the portions of the bill relevant to their jurisdiction.
Brady — who opposes the overall effort and the proposed clarks shoes uk higher taxes in particular — is not expecting Republicans to have significant input in the House. Instead, he hopes that Manchin’s stance brings more moderate Democrats on board with the idea of slowing the effort.
“I think what Senator Machine asked every moderate in the House, if there are any left, is asking themselves: What is the rush here?” Brady said. “What is the impact on jobs? You know, are we spending money that would be best set aside for the next pandemic or rebuilding this economy or making ourselves more independent from China on medicines and key technologies?”
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