The House Democrats are proposing a coronavirus bill to the tune of $2 trillion to bail out state governments. The bill has the House Budget Committee leading Republicans not only to take issue with the idea but also lashing out.
According to Fox News, the House panel of Democrats posted their reconciliation proposal this past Friday, which was before a bill markup session. As such, the Republican representative from Missouri, Jason Smith, lashed out, calling the plan a job killer, which would also cause a cost of living increase for working families.
In a statement he made to Fox News, Smith cited: “Democrats are rushing to pass a nearly $2 trillion spending bill that will enact bailouts for state governments that lock down their citizens and radical policies that will destroy jobs and raise the cost of living for working-class Americans.”
Smith went on to explain: “But this is clearly where any sort of urgency on their part ends. This is all just further proof that COVID-19 is more the pretext than the purpose behind what Democrats are pushing.”
Simply put, it is the wrong plan, at the wrong time, for the wrong reasons.
According to a breakdown of the plan for the $2 trillion, excluding those stimulus payments that would be issued to individuals, an estimated half of the total proposed amount is not earmarked to be spent until 2022 or even later. The total amount left is calculated to be $670 million. Of that total, $140 million is not to be spent until 2024.
On Friday, Joe Biden said he was willing to entertain a lower price tag than the currently proposed $1.9 trillion. However, he went on the claim that Republican’s concerns were contradictory to the American public. Biden claims that Americans want their lawmakers to “act big and quickly.”
Biden stated that: “My hope is that Republicans in Congress listen to their constituents. According to the polls, there is overwhelming bipartisan support.” However, the polls are do not always reflect the truth of the situation at hand.
Is the answer to keep throwing money at an already costly problem?