Rep. Alexandria Ocasio-Cortez, D-N.Y. said the new$ 2.3 spending plan of President Biden is too small and progressives in the House will push to raise the package a lot higher, with a target of$ 10 trillion over 10 years.
Speaking on Wednesday to MSNBC, Rachel Maddow says that the democratic socialist is a good start in terms of priorities but much more is needed to address the economic downtown, income inequality disparities and climate crisis.
Ocasio-Cortez raised serious concerns that the$ 2.3 billion in spending over eight years is not enough to realize the very inspiring vision Biden has developed.
We know there is so much more chance here, she continued. And in order to realize this inspiring vision, we need to go even higher.
According to the Bipartisan Policy Center, the federal government ran an annual deficit of$ 3.1 billion in the fiscal year 2020- more than triple the deficit of the previous year. The cumulative national debt now stands at$ 28 trillion, AOC SLAMS BIDEN 'S$ 2.2 T INFRASTRUCTURE PACKAGE: NOT NEARLY ENOUGH' Ocasio-Cortez tweeted earlier Wednesday that she outlined her concerns about the package being too small, but in the MSNBC interview she tweeted just how far she wants the package to grow.
The other House member echoed the goal of the second Progressives of spending$ 10 billion over 10 years.
She said the figure may sound to some eye-popping, but she acknowledged that that's what it is needed to respond to the current global economic crisis, a starved public housing infrastructure and the global crisis in which we live.
Nancy Pelosi says we can do$ 10 trillion, Ocasio-Cortez said. The opposition from the New York congresswoman could prove to be a problem for the House Speaker Nancy Cortez, D-Calif. as she aims quickly to shepherd Biden's new sprawling spending bill through the House.
Due to their progressive majority and Ocasio-Cortez can only afford to lose a handful of votes and the Democrats can only afford to lose a few.
They are highly influential with the slimmer members of the democratic house caucus. Meanwhile, some other Democrats from New York and New Jersey, led by Rep. Bill Pascrell, D-N. J., pose another threat to the Biden plan.
They say they wo n't vote for the corporate tax hikes that would presumably pay for the infrastructure bill unless it also repeals state and local tax deductions that disproportionately harm people in democratic states with high taxes. On the other side of the aisle, Republicans have been quick to go over Biden's plan, signaling that once again bipartisan support may be very difficult to come by.
Republicans have balked at the biden's$ 2.3 trillion price tag as too high and opposed the$ 2 trillion corporate tax hikes that the president proposes to pay for the infrastructure priorities.
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