Jared Bernstein, a member of President Biden’s Council of Economic Advisers, argued that passing the next round of coronavirus legislation is so important that Americans are not worried about how it will happen.
Biden, which supports a $ 1.9 billion package, is facing opposition from Republicans, who prefer a slimmer, more focused approach. While the president expressed a message of unity in the early days of his government, some Democratic lawmakers want to keep Republicans out of the process if they do not come on board.
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“Look, the American people really can no less care about the budget process, whether it’s regular order, duality, whether it’s filibuster, or whether it’s reconciliation,” Bernstein told Fox News Sunday, emphasizing that people ‘relief need and that they need it. now. ‘
Sen. Bernie Sanders, I-Vt., Who heads the Senate Budget Committee, said Democrats can push their aid plan without Republicans through the budget through a process known as reconciliation. The process, which is reserved for tax and fiscal matters, is not subject to the filibuster and thus allows Democrats to succeed their plan with their 50 senators and Vice President Kamala Harris’ casting vote.
“If Republicans are willing to work with us to address the crisis, welcome – let’s do it,” Sanders told CNN last Sunday. ‘But what we can not do is wait weeks and weeks and months to move on. We have to act now. ‘
Bernstein said Biden was “willing to negotiate with Republicans” as a group of ten GOP senators on Sunday announced support for a $ 600 billion package, but said it was so urgent to pass relief. to avoid an increase in unemployment.
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“If we do not get this package out the door as quickly as possible, we could have four million fewer jobs by the end of this year,” he said. He mentions Moody’s and adds that the failure to act quickly would take a year longer to reach full service. ‘
Nominated by the Board of Economic Advisors, Jared Bernstein, after Joe Biden, president of the election, announced his economic team at The Queen Theater in Wilmington, Delaware, on December 1, 2020. (Photo by CHANDAN KHANNA / AFP via Getty Images)
Host Chris Wallace disputed the government’s concerns about unemployment and asked why Biden was now deciding to set up a climate change agenda that had already resulted in thousands of lost jobs. Through executive action, the president halted work on the Keystone XL pipeline, banning future gas and oil leases in federal states.
Bernstein claims that this simply matches the place where the market is already leaning, and that it will result in future jobs.
“Not only are there many more jobs in the climate agenda,” Bernstein said, “but this is something where the market is already moving in this direction.”
Bernstein cites the pressure from General Motors to move to battery cars.
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Meanwhile, Republicans like Montana Gov. Gianforte and Senator Ted Cruz, R-Texas, criticized Biden for acting with currently serious consequences. Gianforte regrets the tax revenue now being lost. Cruz has chosen Biden’s candidate over the pipeline decision, which is estimated to result in 11,000 lost jobs. Any potential gains in employment are merely projections that will not necessarily give jobs to the same people they are losing now, he said.
Bernstein expressed the view that the US would eventually see “another four million posts” if Congress met the president’s agenda.