02/21/2021 | Press release | Distributed by Public on 02/21/2021 10:41
February 21, 2021
WASHINGTON, D.C. - On Friday, the Democrats on the House Budget Committee posted the legislative text of a reconciliation package to be considered at the House Budget Committee this coming Monday, February 22, 2021. The package calls for approximately $2 trillion in spending, supposedly to respond to the immediate threat of today's COVID-19 pandemic. However, after excluding stimulus payments to individuals, almost half of the bill would not be spent until Fiscal Year (FY) 2022 or later - specifically $670 billion or 45 percent would not be spent until FY22 or later. $140 billion would not be spent until FY24 or later. For example:
'Democrats are rushing to pass a nearly $2 trillion spending bill that will enact bailouts for state governments that lockdown their citizens and radical policies that will destroy jobs and raise the cost-of-living for working class Americans. But that is clearly where any sort of urgency on their part ends,' said House Budget Committee Republican Leader Jason Smith (MO-08). 'This is all just further proof that COVID-19 is more the pretext than the purpose behind what Democrats are proposing. Their approach is the wrong plan, at the wrong time, for all the wrong reasons.'