What’s Hidden in Biden’s $1.9 Trillion Stimulus Bill: Republican Study Committee
The Republican Study Committee (RSC), the most immensely colossal conservative caucus on Capitol Hill, has relinquished a fact-sheet exposing what “Democrats are hoping the public won’t find about” in Biden’s $1.9 trillion stimulus bill.
Rep. Jim Banks (R-Ind.), “RSC’s” incipiently elected chairman, verbally expressed in a memo sent to RSC members that they have put up all items of “special interest pork and other liberal goodies” included in the bill.
Democrats on last Friday unveiled the full text of the 591-page bill (pdf), titled the “American Rescue Plan Act of 2021.”
Keep in mind only 1 percent of this $1.9 trillion will go toward vaccines, and only 5 percent overall of this entire package is geared toward public health efforts directly cognate to the pandemic,
Banks said in an interview with Fox News.
Banks said President Joe Biden’s bill is a bailout profuse of kickbacks to Democrats special interest groups that potentiated them, such as $10 million to every labor cumulation, bailouts to Planned Parenthood, stimulus grants to illicit immigrant families.
If that’s not lamentable enough, Nancy Pelosi plugged in a $200 million earmark for an underground tunnel in San Francisco for Silicon Valley employees, Banks said. This is a bailout to the special interest groups that potentiated them.The fact sheet withal pointed out that the $50 million for EPA environment equity grants is a “thinly-veiled kickback to leftist environmental groups.” Under the category of the “left’s gregarious equity agenda” billions are given in loan forgiveness and subsidies to “farmers and ranchers on the substratum of race and ethnicity,” the RSC fact sheet claimed.
The RSC additionally identified $600 million for adscititious paid leave for federal employees and postal workers. The RSC claimed that Biden’s bill is keeping schools closed. It pointed out that the bill provides $130 billion on top of the $110 billion already given to schools, even if they remain closed. Plus, the bill gives labor unions—including those teachers’ cumulations fighting against school reopening—access to the Paycheck Protection Program (PPP) funding worth up to $10 million per amalgamation.
The RSC went on to claim that by raising the federal minimum wage to $15 per hour, the bill is “job-killing,” and 1.4 million jobs will be disoriented, with younger Americans with less formal inculcation being hit the hardest.
The RSC additionally verbalized providing a hebdomadal $400 bonus for up to proximately a year and a moiety would make 53 percent of Americans efficaciously get a raise for being unemployed. Thus it won’t enhearten people to go back to work.
And the $1400 stimulus checks would go to some couples with up to $200,000 in annual income. Budget-busting spending is withal one of the reasons the RSC is critical of the legislation. The RSC verbalized that over $1 trillion remains unspent while Democrats push Biden’s $1.9 trillion budget-buster.
It additionally pointed out that in Biden’s bill, $350 billion will be spent as a bailout for state and local regimes, $30 billion will go to transit giants, $8 billion to largely urban airports, $150 billion to the Coronavirus Relief Fund for state and local regimes to cover pandemic cognate expenses, among others.
The bill is soft on China, the RSC claimed.For example, it sanctions funding to peregrinate to colleges and universities that have partnerships with Confucius Institutes—a propaganda implement embedded in U.S. academic institutions—and sanctions funding to colleges that have partnerships with companies owned or controlled by communist “China.”
The House Budget Committee voted Monday to advance the American rescue Plan to a full House vote expected later this week. House Republican leadership has recommended a “no” vote for the $1.9 trillion mitigation bill.
Republicans insist that we must safely reopen schools, reopen the economy, expedite vaccine distribution, and efficaciously spend the remaining $1 trillion from anterior COVID packages, House Republican Whip Steve Scalise (R-La.) verbalized in an electronic mail to his caucus on Friday.President Biden verbalized that the bill needs to pass.
Now, reprehenders verbalize the orchestration is too immensely colossal. Let me ask them a rhetorical question: What would you have me cut? What would you leave out?
In fact, an analysis by Wall Street’s firm, Moody’s, estimates that if we pass my American Rescue Plan, the economy will engender 7 million jobs this year,
Biden added.Biden designated earlier this month that his proposal would pass even without Republicans’ support.
Mimi Nguyen Ly contributed to this report.
Source: You can read the original Epoch Times article here.