Category: Build Back Better

Manchin’s Concerns Remain ‘Unresolved’ Amid Final Push to Pass BBB Before Campaign Season

As Democrats scramble to pass a trimmed-down version of the controversial Build Back Better (BBB) social spending package before the end of summer and start of an intense campaign season, Sen. Joe Manchin’s (D-W.Va.) concerns about the package remain “unresolved.” The push to pass BBB began to get well and truly underway during the summer…


China Competition Bill Will Fail If Democrats Pursue Revised Build Back Better Bill: McConnell

Senate Minority Leader Mitch McConnell (R-Ky.) said on July 7 that Republicans will block the passage of a bill to increase U.S. competitiveness with China if Democrats do not drop efforts to revive the Build Back Better (BBB) social spending package. In December 2021, Sen. Joe Manchin (D-W. Va.) effectively killed the $1.75 trillion BBB…


Build Back Poorer, and Build Back Broke

Commentary President Joe Biden’s effort to “build back better” has degenerated into “build back poorer” for the American people and “build back broke” for the American government. With gasoline prices setting new record highs every week, the American people are becoming poorer. With the high cost of diesel fuel (up 70 percent over the last…


House GOP Trust-busting Bill Is an Economic Disaster

Commentary With President Joe Biden’s Build Back Better agenda in ruins, Democrats want to blame Big Business for the mayhem of high inflation and a collapsing stock market. The White House has pointed its finger at every industry, from Big Tech to meat producers, oil and gas producers, the poultry industry and pharmaceutical companies. Apparently,…


2022 Retirement Planning: The New Rules Explained

In the middle of 2022, what shall we modify our retirement plans? Sure, cover the essentials. Maybe you will find that you did the retirement things year after year correctly, but you’re still slower. What shall you do? Increase your contribution rate, even just one percent annually is helpful. Basics Of Retirement Planning After doing the…


Excessive Government Spending is Dragging Down the American Economy, Analysts Say

A year ago, President Joe Biden was riding the polls with a 59 percent approval rating having just signed what he called the “American Rescue Plan” (ARP), a stimulus package that the administration promised would “provide direct relief to the Americans, contain COVID-19 and, rescue the economy.” A year later, having approved the $1.9 trillion…


Senate Democrats Trying to Revive Build Back Better In Closed-Door Meetings

The White House and congressional Democratic leaders have confirmed that the party will be taking another run at passing a spending bill under the reconciliation process after their first package, the Build Back Better Act (BBB), failed to win enough support in the Senate. After months of negotiations between Democrats in the House and Senate,…


Manchin Stakes Position Against Biden’s Proposed Billionaire Tax

Sen. Joe Manchin (D-W. Va.) on Tuesday decried President Joe Biden’s recently-unveiled proposal to increase taxation on billionaires, saying that the plan would tax assets that billionaires don’t have. Biden’s proposal, called the Billionaire Minimum Income Tax, would place a minimum tax rate of 20 percent on America’s wealthiest households. The plan would go a…


Biden’s $5.8 Trillion Proposed Spending Plan Calls on Congress to Fill in the Blanks

President Joe Biden’s proposed United States’ federal $5.8 trillion Fiscal Year 2023 budget increases overall domestic spending by 7 percent, boosts military allocations by 10 percent and includes a raft of new tax levies for high-income earning individuals while raising the corporate income tax from 21 percent to 28 percent. The 149-page proposed budget introduced…


House Democrats Ask Biden to Renew Climate Push

A group of 89 House Democrats asked President Joe Biden to renew efforts to address the purported “climate crisis” after the failure to pass the $1.85 trillion Build Back Better Act (BBB) in December. The BBB would have appropriated $555 billion for climate policy, and would have funded things such as tax incentives for electric…