Biden’s ‘Build Better’ Budget Plan Raises Debt, Rolls into Bad Policy

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US Representative Michael Waltz

Editor’s Note: This column reflects the status of the Rebuild Better proposal at the time of this section’s publication. Ongoing negotiations could change the details of the bill.

President Joe Biden and the Democrats in Congress, without any input from Republicans, are currently negotiating how best to pass a massive $ 3.5 trillion “social infrastructure” package. This massive bill includes hundreds of provisions that, if passed, would seriously harm our country and especially Florida.

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Although there is nearly $ 1,000 billion in unspent COVID relief funds left when Biden took office, and an additional $ 1.9 trillion shortly thereafter, Democrats and the Biden administration are once again trying to put in place a package that will dramatically expand the role of government in our lives and drive our insolvency law programs.

These provisions fall far short of the “Build Back Better” theme promise that President Biden deceptively championed. On the contrary, this legislation will plunge our country into even greater economic uncertainty as Floridians grapple with high inflation, rising gas prices, late shipments and more expensive groceries.

Many of these provisions raise serious red flags:

  • An amnesty plan for eight million illegal immigrants expected to cost more than $ 100 billion over the next decade and a lifetime net cost of around $ 1 trillion for health insurance and security social. This plan includes an exemption that would allow the Biden administration to allow illegal immigrants who have committed serious crimes to become citizens; crimes which include human trafficking, drug abuse and illegal voting.
  • An expansion of Medicaid, which would force a new, redundant federal Medicaid program on states like Florida that have tax followers and have chosen not to expand Medicaid under Obamacare.
  • An increase in taxes on natural gas that would further increase the cost of goods, already on the way to being the highest since 1981, in almost all industries. This tax is estimated to increase families’ energy bills by up to $ 242 per year.
  • A repeal of the labor requirements for already inflated law spending programs that are already on the path to insolvency and fuel our national debt.
  • A repeal of licenses for the mining industry, including one of the country’s largest copper mines, crushing America’s ability to produce the raw materials needed for a green economy – ironically in the name of the environment.
  • A new federal monitoring program that allows the IRS to monitor and track all transactions without a warrant. The proposal would allow the IRS to “examine every account above a $ 600 balance, or with more than $ 600 in transactions in a year.” As we have seen under the Obama administration, the IRS has been used to target conservatives.
  • Donations to wealthy universities by reducing taxes on their endowments.
  • Restore a “SALT” tax deduction for predominantly Democratic-led states with high income taxes, forcing residents of non-income tax states like Florida to subsidize unnecessary spending programs and huge debt.
  • A $ 10 billion program to provide mortgage subsidies of up to $ 82,000 to households earning well over $ 200,000 a year to buy a home. Democrats claim this is aimed at tackling racial disparities, but that would only extrapolate already high housing costs.

Finally, there is Biden’s socialist tax plan which will not only tax the rich, but target working class families, small businesses and job creators across the country. American families and businesses would see a $ 2 trillion tax increase – the largest in our country’s history – affecting Americans at all income levels.

The worst part is that once the Democrats adopt their social infrastructure program, it will be nearly impossible to pay for or repeal it. As Ronald Reagan said, “The fastest way to access eternal life on earth is through a government program. Moreover, as Democrat Joe Manchin pointed out, our current Medicare, Medicaid and Social Security programs as they exist today will fail over the next decade. Extending them considerably risks imploding the entire social safety net.

And in addition to the monstrous “social infrastructure” bill, there is the so-called two-party $ 1.2 trillion infrastructure package. A bill that normally funds roads, bridges, ports and other big badly needed projects allocates less than 25% to pay for what it is supposed to do: physical infrastructure.

Mandy was emaciated and starving when she was rescued at Blue Spring State Park in March, weighing just 900 pounds.  She packed 300 pounds at SeaWorld Orlando before being released into the St. Johns River with her calf Manilow on July 14, 2021.

Central Florida is being left behind. The Indian River Lagoon is literally dying, as are the manatees that call it home, and Democrats have been unable to fix the allocation of federal funding for drinking water that Florida lacks. , although it ranks among the top of all states in terms of infrastructure needs.

Unfortunately, the actual infrastructure funding in the bill is insufficient to invest in the economy of the future – space. Cape Canaveral recently announced that it will soon be at full capacity. When this happens, launch vendors are likely to look elsewhere for their needs. Yet the infrastructure bill that all Democrats in the Florida delegation are supporting does nothing to invest in the Kennedy Space Center which makes launches easier for all aspects of our economy – communications, banking, shipping and more. . Florida needs additional launch capacity, and Democrats are missing out on the opportunity to invest in space infrastructure that will employ Floridians in well-paying STEM fields for the remainder of this century.

The Biden administration is leading our country down a dangerous path with one budget crisis after another – and the Progressive’s socialist spending program is just the next disastrous plan in President Biden’s program. America and Florida literally cannot afford another disaster.

Michael Waltz’s Congressional District covers Volusia and Flagler counties.


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