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Mitch McConnell accuses Democrats of trying to tax and spend the US into 'oblivion' with their $3.5T budget and trying to pass it without the GOP is like 'co-signing a loan with a friend who wants to blow all his money in Vegas'

Senate Minority Leader Mitch McConnell accused Democrats of trying to tax and spend the U.S. into 'oblivion' on Monday as Republicans delivered their damning response to proposals that would pour cash into President Joe Biden's domestic policy priorities. 

Democrats unveiled their $3.5 trillion budget proposal on Monday morning, laying the groundwork to spend on education, health care and environmental programs, funded in large part by tax increases on the wealthy and on corporations.

On the Senate floor hours later, McConnell set up a showdown later in the year over raisin the debt ceiling.

And he said it made a mockery of President Joe Biden's campaign promises of unity and moderation.

'They’ve set out trying to tax and spend our country into oblivion.

'They’ve handed the keys to domestic policymaking to Chairman Sanders and some socialist House members,' he said, referring to Bernie Sanders, chairman of the Senate Budge Committee. 

'In the spring, they passed a massive, inflationary, liberal spending bill that Democrats bragged was the most liberal bill in American history.

'Now, this week, just a few months later, they want to start ramming through trillions more that will make that disaster look like child’s play.'   

Sen. Mitch McConnellSen. Chuck Schumer

Sen. Mitch McConnell accused Democrats, led by Sen. Chuck Schumer , of trying to tax and spend the country into 'oblivion' with their $3.5 trillion budget proposal

Democrats can use Senate rules to pass their budget without Republican support, but will have to balance progressive and moderate demands to hold together their wafer-thin majority

Democrats can use Senate rules to pass their budget without Republican support, but will have to balance progressive and moderate demands to hold together their wafer-thin majority

Republicans immediately dismissed the budget proposal as '92 pages of reckless tax and spending'

Republicans immediately dismissed the budget proposal as '92 pages of reckless tax and spending'

Trillions more in spending and borrowing at a time of rising inflation, he added, were irresponsible.

'The tragedy is that Democrats want to inflict all this pain on middle class families,' he said.

'Here's the comedy: They won't let Republicans have any say in this monstrosity. 

'But they want our help, raising raising their credit card to make it happen.'

The budget proposal - which Democrats can pass without Republican votes in the Senate by using special 'reconciliation' rules - omitted any plans to raise the federal debt ceiling. 

That means Democrats will still need Republican support to pass a separate measure lifting the ceiling, preventing the federal government defaulting on its debt.

McConnell said Democrats should own the whole of their policy agenda, not rely on Republicans who would get no say in the budget.

'So imagine a friend tells you he's flying off to Las Vegas to blow all of his money. He doesn't care that you think it's irresponsible,' he said.

'You are invited to come along. But he wants you to co-sign a loan for him before he leaves.'

Republicans said the spending priorities in the budget were out of line with what Americans wanted.    

'As Democrats unveil their reckless tax and spend spree today, Americans are reminded just how out-of-touch Biden, Schumer, and Pelosi are from the struggles everyday Americans are facing,' Republican National Committee Deputy Communications Director Nathan Brand said. 

'From skyrocketing prices, to an out-of-control border crisis, to rising crime across the country, voters will hold Democrats accountable for abandoning working families in order to desperately push their radical left-wing agenda.' 

Senate Democrats unveiled a budget resolution Monday that maps $3.5 trillion in spending boosts and tax breaks aimed at strengthening social and environmental programs, setting up an autumn battle over President Joe Biden's domestic policy ambitions

Senate Democrats unveiled a budget resolution Monday that maps $3.5 trillion in spending boosts and tax breaks aimed at strengthening social and environmental programs, setting up an autumn battle over President Joe Biden's domestic policy ambitions 

Federal Reserve chair Janet Yellen has warned that the U.S. is in danger of defaulting on its debt if the federal ceiling is not raised by Oct 1. The budget resolution does not seek to raise the debt ceiling, setting up a showdown with Republicans if Democrats try to push a separate bill through Congress hiking the maximum

Federal Reserve chair Janet Yellen has warned that the U.S. is in danger of defaulting on its debt if the federal ceiling is not raised by Oct 1. The budget resolution does not seek to raise the debt ceiling, setting up a showdown with Republicans if Democrats try to push a separate bill through Congress hiking the maximum 

Democrats' budget framework allocates billions of dollars to Senate committees to begin drafting proposals for final bill 

Agriculture: $135 billion for conservation, drought, and forestry programs to reduce carbon emissions and prevent wildfires; clean energy investments; agricultural climate research; Civilian Climate Corps funding, child nutrition and debt relief

Banking: $332 billion for housing programs, including down payment and rental assistance and community investment

Commerce: $83 billion for technology and transportation; coastal resilience and oceans; funding for the National Science Foundation. 

Energy: $198 billion for clean electricity; rebates to weatherize and electrify homes; financing for domestic manufacturing of clean energy and auto supply chain technologies; federal procurement of energy efficient materials; climate research 

Environment and Public Works: $67 billion for low-income solar and climate-friendly technologies; clean water affordability and access; EPA climate and research programs; federal investments in energy efficient buildings and green materials

Finance: At least $1 billion in deficit reduction. 'This will provide the Committee with flexibility to make investment, revenue and offset decisions consistent with the policy recommendations,' the instructions state. Offsets to include: Corporate and international tax reform; taxing high-income individuals; IRS tax enforcement

Health, Education, Labor and Pensions: $726 billion for universal pre-K for 3 and 4-year olds; child care; tuition-free community college; investments in HBCUs, MSIs, HSIs, TCUs, and ANNHIs; increase the maximum Pell grant award; School infrastructure, student success grants, and educator investments; Investments in primary care; pandemic preparedness

Homeland Security: $37 billion for electrifying the federal vehicle fleet; electrifying federal buildings; improving cybersecurity infrastructure; border management investments; investments in green materials and resilience

Judiciary: $107 billion for lawful permanent status for qualified immigrants and border security

Indian Affairs: $20.5 billion for native health, education, housing, energy and climate programs and facilities 

Small Business: $25 billion for small business access to credit, investment, and markets

Veterans Affairs: $18 billion for upgrades to VA facilities

Alfredo Ortiz, president of Job Creators Network, said only about ten percent of small businesses had recovered to pre-pandemic levels.

Taxes and regulations in the budget, will only make things worse, he said. 

'This reckless spending would further bankrupt the country and exacerbate already-high inflation that is subjecting workers to a "Biden pay cut" in the form of reduced real wages,' he added.

'Democrats are trying to leverage their slimmest of majorities to pretend they have the mandate to achieve Bernie Sanders and Alexandria Ocasio-Cortez's socialist vision where the government controls the resources of small businesses and ordinary Americans.'  

The Senate is close to passing a $1.2 trillion bipartisan infrastructure plan. 

In a letter to colleagues setting out the plan, Senate Majority Leader Chuck Schumer said he would move immediately to the budget resolution after that.

'At its core, this legislation is about restoring the middle class in the 21st Century and giving more Americans the opportunity to get there,' he said.

'By making education, health care, child care, and housing more affordable, we can give tens of millions of families a leg up.'  

As a result, some Republicans urged colleagues to end their support for the bipartisan bill.

'The infrastructure bill is a down payment for Bernie’s budget,' tweeted Sen. Marsha Blackburn

The 92-page budget measure lays the groundwork for legislation that over a decade would pour mountains of cash into Democrats' key priorities. 

The resolution calls for creating free pre-Kindergarten for three- and four-year-olds and two years of free community college; extending tax breaks for children and some low-income workers; and establishing paid family and sick leave.

It also paves the way to giving legal status to millions of undocumented immigrants but, in a measure designed to placate moderate Democrats, allocates money to strengthen border security.   

To succeed, they will have to overcome ferocious Republican opposition and find the sweet spot between the demands of their own progressive and moderate factions. 

Schumer's letter turns over the objectives to Senate committees to draw up a bill and sets September 15 as the deadline for recommendations. 

His framework sets out: $107 billion for the Judiciary Committee, including instructions to address 'lawful permanent status for qualified immigrants'; $135 billion for the committee on Agriculture Nutrition and Forestry, to tackle forest fires and reduce carbon emissions among other things; $332 billion for the Banking Committee to invest in public housing, the Housing Trust Fund, and in housing affordability; $198 billion for the Energy and Natural Resources Committee, to use on priorities including clean energy development. 

Sen. Bernie Sanders, who chairs the Senate Budget Committee, outlined the progressive case for the measures. He said it represented the most consequential piece of legislation for working people since the New Deal

'For too many decades, Congress has ignored the needs of the working class, the elderly, the children, the sick and the poor,' he said. 

'Now is the time for bold action. Now is the time to restore faith in ordinary Americans that their government can work for them, and not just wealthy campaign contributors.'

Working out how to pay for for the proposals will fall in large part to Democrats on the Senate Finance Committee.

Its chair, Sen. Ron Wyden, said: 'To restore fairness to our tax code and pay for these once-in-a-generation investments, the Finance Committee has been working on a menu of options for the caucus to consider. 

'Our proposals will fall into four categories: multi-national corporations, the wealthiest individuals, enforcement against wealthy tax cheats and savings from other programs.' 

Republicans have already made clear their opposition.

Last week, Senate Minority Leader Mitch McConnell dismissed the plans as a 'reckless taxing and spending spree.'

They will be powerless to stop progress of the plans as Democrats plan to use Senate 'reconciliation' rules to pass their plans.

Instead Democrats may face procedural challenges.  

Democrats promise the measures will not increase taxes on families earning less than $400,000, and say their plans will be paid for by increases on the wealthy and corporations

Democrats promise the measures will not increase taxes on families earning less than $400,000, and say their plans will be paid for by increases on the wealthy and corporations

Sen. Bernie Sanders, chairman of the Senate Budget Committee, said the budget marked the most consequential piece of legislation for working people and children since the New Deal

Sen. Bernie Sanders, chairman of the Senate Budget Committee, said the budget marked the most consequential piece of legislation for working people and children since the New Deal

Legislation passed by reconciliation must meet strict rules to ensure its measures relate directly to the budget - which could mean immigration reform, for example, gets stripped from the bill.

And by omitting any proposal to raise the federal debt ceiling in the budget Democrats are setting up a showdown with Republicans, who have made clear they will not supply the 10 votes needed to increase the limit. 

The federal government has already reached the borrowing limit.

Federal Reserve chair Janet Yellen has warned it must be increased by Oct. 1 to avoid the catastrophic impact of a default.

On Monday morning she issued a statement giving cover to Democrats for not using a reconciliation bill to increase the debt, saying instead it should be done on a bipartisan basis.  

'The vast majority of the debt subject to the debt limit was accrued prior to the Administration taking office,' she said. 

'This is a shared responsibility, and I urge Congress to come together on a bipartisan basis as it has in the past to protect the full faith and credit of the United States.'

THE DEMOCRAT 'TOP LINES' IN THE $3.5 T BUDGET PROPOSAL  

FAMILIES: the major families plan programs proposed by Biden are funded in the HELP and Finance instructions.

CLIMATE: puts US on track to meet President Biden’s 80% electricity and 50% economy-wide carbon reductions through the Agriculture, Banking, ENR, EPW, Finance, Commerce, HSGAC, and Indian Affairs instructions.

INFRASTRUCTURE AND JOBS: invests in game-changing infrastructure projects and jobs programs not included in the BIF through the Banking, Commerce, EPW, Finance, HELP, HSGAC, Judiciary, Indian Affairs, Small Business and Veterans Affairs instructions.

HEALTH CARE: builds on Democrats’ goal of providing universal health care to all Americans in the Finance and HELP instructions.

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