Democrats / Congress / Finance / Health

Beware of budget gimmicks in push for massive spending deals

Posted On: Oct 24, 2021   |   Posted By: My Sanantonio

WASHINGTON - Senators fashioning a pair of colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives insist they will fully pay for both plans.
Will they?
In a Washington ritual as reliable as panic-buying when light snow is forecast, both parties have long relied on toothless budget gimmicks to help finance their priorities. The contrivances let lawmakers claim they are being fiscally responsible while inflicting little pain on voters and contributors with tax increases or spending cuts.
Here's how they may do it again:
THE PRICE TAG
For political and procedural reasons, Congress' Democratic leaders are slicing President Joe Biden's domestic spending agenda into two bills. One is bipartisan effort providing about $1 trillion for roads, broadband and other public works projects. Bargainers hope to clinch a final deal and unveil this coming week.
The other bill would aim $3.5 trillion at expanding Medicare coverage, slowing climate change...

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