Biden’s $1.75 trillion infrastructure plan still does not have a CBO score, but the US Chamber of Commerce has graded it.
Let’s just say the bill got a big “F.”
According to the Chamber, the administration is using “gimmicks to cover up well over $1 trillion in spending.”
Typically, for legislation with this massive of a price tag, it would need a CBO score before it would hit the floor.
I seem to remember Republicans trying to present a bill without a CBO score and Nancy Pelosi having a screaming fit over it.
That score is probably not coming anytime soon, either.
While parts of the bill will be evaluated and released soon, the CBO seems to think it will take considerable time to break it all down.
CBO Director Phillip Swagel stated, “Over the past several months, we have provided technical assistance to committees as they developed their proposals for various parts of the bill.
“The analysis of the bill’s many provisions is complicated, and CBO will provide a cost estimate for the entire bill as soon as practicable.”
The bill is already in trouble, with rumors floating around DC that Senator Joe Manchin (D-W.V.) wants to hold off until next year, accusing his fellow Democrats of using “shell games” to hide the actual cost of the spending.
There are also numerous moderate Dems in the House that want that CBO score before voting.
Now the bill gets a scathing review from the US Chamber of Commerce, demanding Congress look at the “real-world impact” and be more transparent before considering the legislation.
I won’t be so bold as to say this bill is dead in the water, but Democrats are clearly going to have a much harder time passing this than they envisioned.
If this drags into next year, well, it just about seals the fate of the Democrat Party.
Source: Fox Business