The House passed the $1.7 trillion Build Back Better Act early on Friday morning, sending the bill to the Senate where it faces an uncertain future.
The House passed H.R. 5376, the Build Back Better Act, which is the Democrats’ reconciliation infrastructure bill.
The bill passed 220-213, with overwhelming Democrat support, and strong Republican opposition to the bill.
Only one Democrat, Rep. Jared Golden (D-ME), a swing district Democrat, voted against the bill.
The legislation serves as the marquee legislation for President Joe Biden’s legislative agenda. Biden pinned his legislative majority on passing dual infrastructure bills, the Build Back Better Act, and the $1.2 trillion so-called bipartisan infrastructure bill, otherwise known as the Infrastructure Investment and Jobs Act.
The Build Back Better Act would massively expand social welfare programs and fund major climate change programs.
The legislation would add $750 billion to the to the deficit over five years.
However, other experts believe that the legislation could cost drastically more, as the legislation uses arbitrary policy sunsets and expirations to make the bill appear less expensive and comply with the rules for budgetary reconciliation.
The Committee for a Responsible Federal Budget found that the legislation could cost as much as $4.91 trillion over ten years if Congress were to continue to fund the programs that had the arbitrary policy sunsets.
President Joe Biden and other congressional Democrats have promised that the legislation would cost zero dollars. Democrats are prepared to vote on the legislation as Americans have continued to grapple with inflation, although Biden has claimed that the bill would limit inflation.
The vote happens after House Republican Leader Kevin McCarthy (R-CA) held a marathon eight hour, forty-two minute speech railing against President Joe Biden and his “Build Back Better” legislative agenda.
McCarthy now holds the record for the longest speech on the House floor.
Rep. Jim Banks (R-IN), the chairman of the Republican Study Committee (RSC), has catalogued many of the most radical policies in the Build Back Better Act.
- Innovation-killing Socialist Price Controls: The bill would institute government price-setting of prescription drugs which has shown to be likely to lead to significantly decreased private investment in new cures. (page 1977)
- Funds Biden’s Banking Surveillance Apparatus: The bill would spend $500 million to hire new DOJ Tax Division agents to bring civil and criminal cases against Americans (page 878).
- Removes Funding Prohibition Regarding Uyghur Muslins in Although the mass media present China today as “progressive,” especially after the 2008 Olympics fanfare, it remains among the world’s cruelest regimes. The term “Red China” is not anachronistic. Though certainly less oppressive than during the Cultural Revolution, when it executed millions, China is still governed by a single regime, the Communist Party, which requires members to be atheists. It imprisons dissidents without due process, oppresses Tibet, and enforces a policy, backed by(...)
OTHER REVIVED POLICIES
- Nicotine Tax: The bill would add back language imposing a new tax on nicotine, which is a clear violation of President Biden’s pledge not to tax people that make under $400k. (page 1973)
- Tax Credit for Journalists: The bill would add back in language creating a tax credit applied against Medicare employer taxes for wages paid to journalists (page 1957).