Please ensure Javascript is enabled for purposes of website accessibility
Are Costa, Valadao Talking About Two Different Bills? No, It's the Build Back Better Act
bill-new-mug-002
By Bill McEwen, News Director
Published 2 years ago on
November 23, 2021

Share

No recent bill better illustrates the partisan divide in America than President Joe Biden’s $2 trillion Build Back Better Act, and what two Valley congressmen say about it.

As soon as it passed 220-213 in the House of Representatives last week, Rep. Jim Costa, a Fresno Democrat, hailed the bill’s benefits.

“The Build Back Better Act makes game-changing investments that benefit the San Joaquin Valley, including funding to help build a medical school, repair our canals, and complete high-speed rail,” Costa said in a news release.

“This could be the most significant investment in our nation’s middle class for generations. This historic bill creates more equitable opportunity in the day-to-day lives of Americans — it’s a win for California, the San Joaquin Valley, and our nation.”

But, unlike the previously passed $1 trillion infrastructure bill supported by a handful of Republicans, the Build Back Better Act, garnered nary a “yea” from the House GOP.

“Our nation simply cannot afford to keep spending money that we do not have,” said Rep. David Valadao, a Hanford Republican.

“The cost of this legislation will ultimately be paid for by hardworking, middle-class families already struggling amid a global pandemic. It would be irresponsible to vote in favor of this out-of-control money grab, which is why I could not support this bill.”

Speaker of the House Nancy Pelosi, D-Calif., accompanied by House Majority Whip James Clyburn, D-S.C., left and House Majority Leader Steny Hoyer D-Md. speaks to reporters at the Capitol in Washington, on Nov. 5, 2021, before the House took up President Joe Biden’s $2 trillion domestic policy package. It passed two weeks later without Republican support. (AP File)

Moody’s Says Package Won’t Spike Inflation

To become law, the Build Back Better Act must pass the Senate and that certainly will require tweaks to the House version. Sen. Joe Manchin of West Virginia, a centrist Democrat, has yet to support the spending package. In addition, in echoes of Valadao’s criticism, Manchin has concerns about its effect on inflation, which is at its highest in 30 years.

However, Moody’s Investors Service, says that the act would boost U.S. economic growth while having a “limited” impact on inflation.

“The additional federal spending would occur over 10 years, include significant revenue-raising offsets and would likely only start to flow into the economy later in 2022 at a time when inflationary pressures from disruptions to global supply chains and U.S. labor supply likely will have diminished,” said Rebecca Karnovitz, a senior analyst with Moody’s, told CBS News.

The funding in the $1 trillion infrastructure package is spread out over five years and includes many previously approved projects.

One Democrat Voted Against Bill

Seemingly lost in the controversy over Build Back Better: one House Democrat voted against it.

Rep. Jared Golden of Maine said that he was opposed to changes in the tax code which, in his opinion, would benefit the wealthy, the Bangor Daily News reported.

According to a left-leaning think tank, the Institute for Taxation and Economic Policy, three-quarters of the benefits from raising the cap on state and local tax deductions, would go to the wealthiest 5% of Americans.

Still, Golden didn’t rule out supporting the bill if it clears the Senate. That’s important because House Speaker Nancy Pelosi can only afford to lose two more Democratic votes to pass the spending bill.

RELATED TOPICS:

DON'T MISS

The Pickle Flavor Frenzy and Its Rise in Food Trends

DON'T MISS

Kate Hudson Had a Lifetime to Make a Record. The Result is ‘Glorious,’ Out in May

DON'T MISS

Long-Lost First Model of USS Enterprise from ‘Star Trek’ Boldly Goes Home

DON'T MISS

California Leaders Take Sides in Monumental Supreme Court Case on Homelessness

DON'T MISS

Man Sets Himself on Fire Outside Trump Hush Money Trial Court

DON'T MISS

McDonald’s Ice Cream Machines Are So Unreliable They’re a Meme. They Might Also Be a Climate Solution.

DON'T MISS

Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?

DON'T MISS

Unlocking the Secrets to Fresno State’s Superb Baseball Season

DON'T MISS

‘This Is How to Improve Reading Proficiency. We Just Have Execute It’: FUSD Board President

DON'T MISS

Does Dyer Support (or Endorse) Bredefeld for Supervisor?

UP NEXT

Kate Hudson Had a Lifetime to Make a Record. The Result is ‘Glorious,’ Out in May

UP NEXT

Long-Lost First Model of USS Enterprise from ‘Star Trek’ Boldly Goes Home

UP NEXT

California Leaders Take Sides in Monumental Supreme Court Case on Homelessness

UP NEXT

Man Sets Himself on Fire Outside Trump Hush Money Trial Court

UP NEXT

McDonald’s Ice Cream Machines Are So Unreliable They’re a Meme. They Might Also Be a Climate Solution.

UP NEXT

Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?

UP NEXT

Unlocking the Secrets to Fresno State’s Superb Baseball Season

UP NEXT

Does Dyer Support (or Endorse) Bredefeld for Supervisor?

UP NEXT

Get a 3D First Look at Merced’s High-Speed Rail Station Design

UP NEXT

California Court to Decide on Transgender Ballot Measure Wording

Bill McEwen,
News Director
Bill McEwen is news director and columnist for GV Wire. He joined GV Wire in August 2017 after 37 years at The Fresno Bee. With The Bee, he served as Opinion Editor, City Hall reporter, Metro columnist, sports columnist and sports editor through the years. His work has been frequently honored by the California Newspapers Publishers Association, including authoring first-place editorials in 2015 and 2016. Bill and his wife, Karen, are proud parents of two adult sons, and they have two grandsons. You can contact Bill at 559-492-4031 or at Send an Email

California Leaders Take Sides in Monumental Supreme Court Case on Homelessness

5 hours ago

Man Sets Himself on Fire Outside Trump Hush Money Trial Court

17 hours ago

McDonald’s Ice Cream Machines Are So Unreliable They’re a Meme. They Might Also Be a Climate Solution.

18 hours ago

Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?

18 hours ago

Unlocking the Secrets to Fresno State’s Superb Baseball Season

19 hours ago

‘This Is How to Improve Reading Proficiency. We Just Have Execute It’: FUSD Board President

19 hours ago

Does Dyer Support (or Endorse) Bredefeld for Supervisor?

20 hours ago

Get a 3D First Look at Merced’s High-Speed Rail Station Design

21 hours ago

California Court to Decide on Transgender Ballot Measure Wording

21 hours ago

Rare House Vote Sees Ukraine, Israel Aid Advance as Democrats Join Republicans

23 hours ago

The Pickle Flavor Frenzy and Its Rise in Food Trends

You might have noticed that the tangy taste of pickles has taken over more than just the condiment aisle. From pickle-flavored popcorn to pi...

5 hours ago

5 hours ago

The Pickle Flavor Frenzy and Its Rise in Food Trends

5 hours ago

Kate Hudson Had a Lifetime to Make a Record. The Result is ‘Glorious,’ Out in May

5 hours ago

Long-Lost First Model of USS Enterprise from ‘Star Trek’ Boldly Goes Home

5 hours ago

California Leaders Take Sides in Monumental Supreme Court Case on Homelessness

17 hours ago

Man Sets Himself on Fire Outside Trump Hush Money Trial Court

18 hours ago

McDonald’s Ice Cream Machines Are So Unreliable They’re a Meme. They Might Also Be a Climate Solution.

18 hours ago

Real Estate Experts Talk Fresno’s Economic Future. Are Tough Times Ahead?

19 hours ago

Unlocking the Secrets to Fresno State’s Superb Baseball Season

MENU

CONNECT WITH US

Search

Send this to a friend