Mitt Romney criticizes Biden’s $1.9 trillion stimulus plan as a ‘clunker’ with a ‘troublesome’ amount of aid to states

Mitt Romney Sen. Mitt Romney, R-Utah, pauses to answer questions from reporters as senators arrive to vote on President Joe Biden’s nominee for United Nation’s diplomat, Linda Thomas-Greenfield, at the Capitol in Washington, Tuesday, Feb. 23, 2021.

Sen. Mitt Romney criticized Biden’s $ 1.9 trillion stimulus project at a New York Times DealBook event. Romney said the bill designates too much aid to nations with fund surpluses. The senator also praised the greenback as a “clunker” in a Wall Street Journal op-ed. Visit the Business section of Insider for more floors.

Sen. Mitt Romney of Utah crisply praised President Joe Biden’s $ 1.9 trillion financial succour as unwarranted, wasteful, and lacking in bipartisanship during a New York Times DealBook Policy Project conference on Tuesday evening.

“Not a lot is happening behind the scenes that involves Republicans, ” Romney told The Times’ Andrew Ross Sorkin. “I think the Democratic lead has determined that they want to push through the schedule without any an amendment of it whatsoever, and without any input from Republican and because it’ll be done through budget reconciliation, they don’t need any of our votes.”

Through budget reconciliation, the Senate can guide budget-related legislation with simply a simple majority of 51 votes instead of the usual 60 -vote majority required in the Senate to get past the filibuster.

“I find it a exceedingly distressing legislation , not so much because of the price tag, which is pretty substantial, but because there’s a lot of stuff in there that’s just simply wasteful. I wish we could use the money in there that we’re going to go out and borrow from China to actually do things that’ll make a difference, ” Romney said.

In a Wall Street Journal op-ed also published Tuesday, Romney called the bill “a clunker” that, in his opinions, is “filled with bad policies and sloppy math.”

In particular, Romney said much of the $350 billion in aid allocated in the legislation to moods currently experiencing budget surpluses could be put to better use.

“Most of our nations didn’t have a bad couple of years. Most of our countries are doing very well. Twenty-one states actually had their revenues go up during COVID, ” Romney said, adding, “California has record surplus, for instance, but it’s slated to get $27 billion in borrowed fund from the federal government.”

Romney said he “brought in a big map of the United States” to a meeting with Biden that “had a color code for the economic conditions of each state” to try to convey his concerns to the White House.

“He didn’t have a response to that, ” Romney said. “He knew my map, I hope, interesting, and he and the vice president looked at it. But I pointed out that we’re sending to a cluster of states that don’t need it.”

The Senate is currently divided between 50 Democrats and 50 Republicans, with Vice President Kamala Harris serving as the tie-breaking vote.

Romney cautioned that reconciliation is a double-edged sword for the Democrat.

“What becomes around comes around. We’ll be in the majority someday, and we’ll probably carry out the same kind of actions that they are, which is unfortunate, ” Romney said.

The Utah Senator too opposes Democrats’ efforts to raise the federal minimum wages, which now $ 7.25 an hour, to $15 an hour through the stimulus packet. Romney quarrels the lurch from $7.25 to $15 will be too costly for small businesses.

The nonpartisan Congressional Budget Office attained an increase to $15 an hour would expenditure 1.4 million jobs but would help 900,000 Americans get out of poverty.

It’s ultimately up to Senate parliamentarian Elizabeth McDonough to determine what can be included in a reconciliation pack under the parameters of the Byrd rule, which states that matters “extraneous” to the budget process cannot be surpassed through reconciliation.

She’s expected to issue her ruling on the matter on Wednesday or Thursday, but even though they are she dedicates the green light for the $15 minimum wage increase to be in the greenback, its inclusion could expense key polls Democrat can’t afford to lose.

Two key moderate Senate Democrat, Sen. Joe Manchin of West Virginia and Sen. Kyrsten Sinema of Arizona, have both said they oppose fostering the minimum frenzy through the reconciliation process, with Biden telling a group of ministers in a recent bellow not to count on a wage increase to $15 an hour being included in the bundle.

Romney and Republican Sen. Tom Cotton have introduced their own bill to raise the federal minimum wage to $10 an hour by 2025 while requiring all employers to use E-Verify to prevent the hiring of undocumented immigrants and impose harsher penalties on boss who do so.

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