Tennessee Conservative
President Joe Biden Has Repeatedly Touted That His “Build Back Better” Spending Bill Would Not Add To The National Debt, But The Nonpartisan Congressional Budget Office Analysis Released Friday Countered That Claim.
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U.S. Senator Marsha Blackburn Sent A Letter Requesting The Congressional Budget Office (CBO) Disclose The Impact Of President Biden’s Federal Overreach On State Medicaid Programs Through The “Build Back Broke” Budget.
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Congressional Democrats Passed A $1.75 Trillion Social Spending Plan Friday, Putting The Bill’s Fate In The Hands Of A Deeply Divided Senate.
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The U.S. Senate Passed A $1.2 Trillion Infrastructure Bill Tuesday Despite The Objection Of Both Of Tennessee’s U.S. Senators. The Bill, Which Passed 69-30, Would Add $256 Billion To The Federal Debt, According To The Congressional Budget Office.
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The Bipartisan Infrastructure Bill Failed A Procedural Vote In The Senate As Both Sides Look To Go Back The Negotiating Table To Finalize Details.
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The U.S. House Will Consider A Wide-Ranging Bill Aimed At Accelerating American Technological Innovation In An Effort To Keep Pace With China, But Critics Have Raised Concerns About How To Pay For It.
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Progressive Lawmakers And Left-wing Groups That Championed An Effort To Raise The Federal Minimum Wage To $15 Through Budget Reconciliation Aren’t Accepting Defeat.
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Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic. These tax hikes will make America a more uncompetitive place to do business, send jobs overseas, trigger a return of corporate inversions, and make it easier for foreign businesses to acquire U.S. companies.
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$15 isn’t a magical pay rate that fixes poverty. Even the Congressional Budget Office’s latest report suggests a $15/hour minimum wage would lift about 900,000 Americans out of poverty. More importantly, the CBO acknowledges that such a wage mandate would be the root cause of the elimination of about 1.4 million jobs. In short, even if you’re not so hot at math, you can see that it’s not a great tradeoff against any set of circumstances.
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Biden Says Raising The Minimum Wage Will Lift Millions of Americans Out Of Poverty. While The Congressional Budget Office Confirms The Poverty-Reducing Impact, It Also Says It Will Hurt The Economy.
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