2021-08-07 Economy
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Infrastructure Bill Comes to Grinding Halt After Amendment Fight
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[Breitbart] Senate Minority Leader Chuck Schumer’s (D-NY) effort to have the Senate vote on the $1.2 trillion infrastructure fell apart Thursday night after many lawmakers objected.
Schumer wanted to expedite the Senate floor proceedings that could have led to a quick passage of the bill on Saturday; however, Sen. Bill Hagerty (R-TN) said that he could not consent to the bill’s advancement because of the Congressional Budget Office’s (CBO) dismal score of the mammoth, 2,702-page legislation.
“We very much want to finish this important bill, so we will reconvene Saturday at noon to vote [to overcome a filibuster], and then we will follow regular order to finish the bill,” Schumer said Thursday.
A spokesman for Hagerty said the senator “cannot in good conscience agree to expedite a process immediately after the CBO confirmed that the bill would add over a quarter of a trillion dollars to the deficit.”
The CBO found that the infrastructure bill would add $256 billion to the deficit, the University of Pennsylvania’s Penn-Wharton Budget Model found that the bill would have no “significant” impact on economic growth.
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Posted by Skidmark 2021-08-07 07:46||
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Posted by Raj 2021-08-07 11:27||
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