Aloha, Friend. We are well into fall on Capitol Hill as Congress continues to face a number of critical issues, including two huge infrastructure proposals (referred to together as Build Back Better), our annual federal funding measures out of my Appropriations Committee, and the maximum debt our country should carry. As I did in August and September, I want to report back to you on Build Back Better, and ask for your guidance again in the anonymous online survey below. 1. Build Back Better I summarized the status of these two huge infrastructure initiatives in my column last Sunday, October 17th, in the Honolulu Star-Advertiser: We Can Build Back Better For All By U.S. Representative Ed Case I reject the hyper-division and disinformation which would hijack President Biden’s Build Back Better agenda into a death struggle between two extremes: one demanding a massive increase in the size, scope and expense of federal government regardless of need and resources; and the other demanding a massive reduction regardless of need and consequences. We can and must achieve transformative change which targets critical needs without crippling our social, economic and financial foundations. Build Back Better is two separate initiatives. The American Jobs Plan (AJP) proposes a multi-trillion dollar reinvestment in our nation’s crumbling physical infrastructure, from roads, waterlines, ports and airports, to schools, broadband and climate resiliency. The American Families Plan (AFP), billed at $3.5 trillion but actually $5-6 trillion through a standard ten-year budget, proposes massive new and expanded federal programs from health care to child care, education, family and sick leave and further climate change initiatives. We consider BBB amidst great need and uncertainty along with severe deterioration in our federal finances. In just twenty months, our federal government has spent some $6 trillion (four years of usual federal spending) in critical COVID emergency assistance. That was all borrowed, resulting in our largest deficits and debt ever both absolute and as a percentage of our economy. In August, the U.S. Senate overcame division and passed a bipartisan AJP. At over $1 trillion, it would be the largest infrastructure reinvestment in our history. It is largely paid for with revenues, meaning it won’t worsen our federal finances. It would create some 2,000,000 jobs nationally and send over $2 billion to our Hawai’i. It is widely supported across our country on its merits and as proof that our dysfunctional government can still work. I fully support it, and have done everything I can to get it passed by our U.S. House as soon as possible. Unfortunately, it has been held hostage as “leverage” against passage of the AFP (or “reconciliation”). I strongly disagree with this approach because (a) we should pass what we can now and get money out, people to work and our infrastructure fixed, (b) reconciliation should and can pass on its own, and (c) delay risks the entire BBB agenda. I support much of AFP/reconciliation. Like the President, Speaker and others, I believe that, except for climate change which commands urgent action, we cannot pay for huge programs by further federal borrowings. I also believe that we cannot tax excessively. To do either will be to (1) fail these and other critical programs over time, (2) worsen inflation (already at a thirteen-year high), (3) undermine our economy, jobs and revenues, and (4) limit our ability to meet other unexpected challenges. But we can still achieve a largest-in-our-history social infrastructure investment by reversing the Trump tax cuts on corporations and wealthy individuals, cracking down on prescription drug prices, and other fair revenue generators, all of which I support. The President now recognizes that the sweet spot, where real needs are met by reasonable revenues (and where reconciliation can actually pass Congress), is around $2 trillion. That will require hard decisions on prioritizing among many worthy AFP proposals. My own guides are to (i) target fewer programs with the broadest impact over time, and (ii) target actual need rather than universal applications that benefit those with means at the expense of those in true need. I am optimistic that, if and as we rise above anger and rhetoric and extremism and focus on actually governing, we will enact a Build Back Better agenda that will work for all Americans today and tomorrow. 2. Anonymous Online Survey I deeply appreciate your prior input on Build Back Better, which has guided my thinking and actions on these critical proposals. As we close in on our final decisions, I again ask for your guidance by filling out my anonymous online survey here: https://www.surveymonkey.com/r/32HBQHC. As always, I welcome your questions and comments. Please visit my website at case.house.gov, email me at ed.case@mail.house.gov, or call me at (808) 650-6688. Be safe and well. |