Sanders knocks out Schumer and Manchin on the so-called ‘De-Inflation Act’

Sanders knocks out Schumer and Manchin on the so-called ‘De-Inflation Act’

  • Bernie Sanders blasted the Democrats’ major climate and health care bill as “the so-called Deflation Act.”
  • Sanders indicated that a nonpartisan review found that the legislation would not have an immediate effect on inflation.
  • Republicans have also hit on the name of the bill.

Senator Bernie Sanders hammered out the Democrats’ massive climate and health care bill on Saturday afternoon as senators tried to pass a large piece of Biden’s economic agenda after more than a year of debate.

“I want to take a moment to say a few words about the so-called De-Inflation Act, which we’re debating this evening,” Sanders said just after joining Democrats as they debated the advanced proposal. “I say so-called because according to the CBO and other economic organizations that have studied this bill, it will actually have a minimal impact on inflation.”

For much of the week, Sanders has fought the $740 billion proposal made by Senate Majority Leader Chuck Schumer and Senator Joe Manchin, which would invest millions in green energy, reduce some drug prices on prescription, and would charge a minimum tax of 15 percent on many. corporations.

Sanders’ reference to the CBO, or Congressional Budget Office, is a nod to the nonpartisan scorekeeper’s determination that the proposal is negligible, at least in the future, NPR previously reported.

The Vermont independent plans to introduce amendments to change the bill, one measure that would allow Medicare to pay an equivalent amount to the Department of Veterans Affairs for prescription drugs. Democrats are likely to oppose the amendments, as acceptance of Sanders’ proposals could jeopardize the fragile measure.

Republicans used the CBO’s findings as fodder to lambast the Democrats’ proposal. Some have previously used Sanders’ exact approach of referring to the proposal as “the so-called Deflation Act.”

“I don’t say this often. But on that point, I agree with Bernie,” said Senator John Thune of South Dakota, the second-ranking Senate Republican, Insider.

Sanders has taken on the elements promoted from Biden’s larger “Build Back Better” agenda to advance the compromise, including universal pre-K, tuition-free community college, and home care for the elderly.

The Vermont senator and former presidential candidate said the legislation has “good features” but also criticized the inclusion of a drug pricing provision that will take years to kick in. He later called it an “extremely tepid bill”.

Sanders pressed Democratic senators to address “the major crises facing working families” during his floor speech.

“If we can’t do that, not only will people continue to hurt and suffer but in my mind, it’s questionable how long we’ll last as a democracy,” he said on Saturday.

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