Democrats rebrand Build Back Better bill to counter inflation concerns.
The White House and Democratic leaders have rebranded the legislation as an antidote to widespread price hikes, arguing that it would lower the cost of prescription drugs, child care and overall expenses related to raising families.
Democrats aim to cover the cost of the social safety net package through taxes on corporations and more money for IRS enforcement. They also insist that the legislation would be fully paid for ahead of a Congressional Budget Office analysis expected this week. He told reporters that"everyone's seeing" the impacts of rising inflation."There's no one pushing back saying, 'Oh, this is just a fluke, it's going to fly by in no time at all,'" Manchin said of his Democratic colleagues."We've gone past that."
"This is going to be devastating for them," Scott said."It's devastating to poor families and people on fixed income. It's going to really hurt the Democrats."who say the Build Back Better bill would"ease longer-term inflationary pressures" by investing in economic capacity and nudging Americans to"participate productively in the economy."
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