Sen. Lindsey Graham (R-SC) said on Wednesday that he thinks President Joe Biden’s Build Back Better Act is “dead forever” as talks between Democrat holdout Sen. Joe Manchin (WV) began to break down over the act’s size and impact on the deficit.
“I think Build Back Better is dead forever, and let me tell you why: because Joe Manchin has said he’s not going to vote for a bill that will add to the deficit,” Graham said on Fox News’ Hannity.
The CBO released scoring this week that projected the legislation will add $3 trillion to the deficit over 10 years if all of the temporary and delayed program funding in the bill is extended over 10 years, which is likely.
Discrepancies in cost
While the official cost of the current legislation is projected at $1.75 trillion, Manchin has expressed that he has a problem with a one-year extension of the child tax credit, which gives direct payments of $300 per month for eligible children.
Manchin does not oppose the credit, but thinks the entire $1.5 trilllion 10-year cost of the credit should be reflected in the bill. That doesn’t leave much funding for anything else.
On Thursday, Democrats seemed to acknowledge that the window for passing the bill before the end of the year has passed.
Senate Majority Whip Dick Durbin (D-IL) said on Thursday that Democrats had “missed an opportunity” and that he was “frustrated and disappointed.”
Sen. Jeff Merkley (D-OR) also said Thursday he was “very disappointed” in the bill’s stall, but added, “I’m determined to keep pressing forward.”
Implications of Bill
Republican critics of Build Back Better have decried proposed additions like adding illegal immigrants to the child tax credit and making new government daycare programs that would be the child care equivalent of Obamacare.
Some have even linked the bill to the Great Reset, a plan to change the economy in fundamental ways and move away from autonomy toward a one-world government.
The death of the bill would allay those fears and prevent government from moving further away from the Great Reset mindset.
As Graham said, “God bless Joe Manchin for sticking to his guns.” At least so far.