The Democrats will have to wait a few more days before the Build Better Back plan is put to vote. The vote was delayed as Minority Leader Kevin McArthy decided to deliver a 6 hour-long speech in the House. He started his criticism of the Bill at 8.38 pm and went on well past midnight into the wee hours of the next morning.
“It is no secret this bill is too extreme, too costly, and too liberal,” McCarthy said in his speech on the House floor.
The House shall now re-assemble on Friday to continue the vote on the Social safety net and sustainable development package. The minority leader criticized various aspects of the bill, in a harsh tone, even going to the extent of calling it, “single most reckless and irresponsible spending bill in our nation’s history.”
He was all throughout heckled by Democrats and yet insisted to go on, as they live-tweeted their criticism to his speech. The debate was sparked off as the nonpartisan Congressional Budget Office (CBO) released its estimate that Biden’s package doesn’t contain enough tax increases to fund the requirements and benefits to be passed on.
Some of the democrats, who were on the fence about the legislation as holdouts, were awaiting the CBO’s comments and score. Many of them decided to favor the bill and make way for it.
One such hold out was Stephanie Murphy, a moderate Rep. from Florida, she stated that “While I continue to have reservations about the overall size of the legislation — and concerns about certain policy provisions that are extraneous or unwise — I believe there are too many badly-needed investments in this bill not to advance it in the legislative process.”
The CBO in its report analyzed that $367 Billion worth of deficit would be added over the decade, whereas the Democrats came up with their own estimates suggesting almost a one-third number as the accurate prediction for the increase in the deficit.
The Bill aims at providing universal pre-kindergarten education for kids, subsidized paid family leaves, Medicare for the elderly, subsidized prices for certain life-saving drugs, childcare subsidies to continue as well as be expanded. The House is yet to vote on the issue, post which the Senate will have to line up 50 votes for ‘reconciliation process to go through before reaching the President for his assent.