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Why Democrats' $3.5 trillion reconciliation bill is a losing game - DOUGLAS E. SCHOEN


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The Hill

This week, President Biden and congressional Democrats released their $3.5 trillion budget reconciliation plan. Democrats have lauded this proposal as a progressive bill that would produce change in American society on par with Franklin Roosevelt’s New Deal or Lyndon Johnson’s Great Society.

The progressive budget proposal vastly expands governmental social, environmental, educational, and healthcare programs — including funding for universal pre-K, nutrition assistance, the child tax credit, and clean energy initiatives — all of which would be paid for by tax increases on the wealthiest Americans and American businesses.

Ultimately, regardless of the plan’s outcome — that is, passage or failure — pursuing this proposal will end up being a lose-lose situation for Democrats in the 2022 midterms.

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