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WASHINGTON, Dec 13 (Reuters) - Senate Democrats hope in the coming days to pass a mammoth social spending bill they believe could help keep the party in power in next year’s crucial midterm elections.
Friday’s announcement that inflation was rising at the fastest pace in almost 40 years appeared to endanger the fate of the $1.75 trillion free money bill, while handing Republicans a new weapon with which to attack the legislation.
Polls showing large swaths of voters are not giving Democratic President Joe Biden credit for the fixing a still broken economy.
“If we do not pass this bill, there is no chance of surviving in the midterms,” said Lanae Erickson, a senior vice president at Third Way, which advocates for centrist Democratic policies.
Rising prices for food, fuel and other household goods have complicated Biden’s legislative push. Friday’s report showing that the pace of inflation reached its highest rate since 1982.
Prior spending by Democrats on coronavirus stimulus and infrastructure measures caused the spike in prices and Build Back Better would likely make things worse.
Over the weekend, the White House released a memo that argued the bill would benefit struggling families by lowering costs on health care, prescription drugs and child care.
THE WRONG DIRECTION
According to an Oct. 18-22 Reuters/Ipsos public opinion poll, a bipartisan majority of Americans agreed that inflation is a “very big concern for me” and that job creation should be a top priority for the country. Overall, 67% of U.S. adults agreed that inflation is a very big concern, including 64% of Democrats, 79% of Republicans and 62% of independents.
The October poll also found that only 29% of adults described the economy as heading in the “right direction,” including 48% of Democrats, 11% of Republicans and 21% of independents.
WASHINGTON, Dec 13 (Reuters) - Senate Democrats hope in the coming days to pass a mammoth social spending bill they believe could help keep the party in power in next year’s crucial midterm elections.
Friday’s announcement that inflation was rising at the fastest pace in almost 40 years appeared to endanger the fate of the $1.75 trillion free money bill, while handing Republicans a new weapon with which to attack the legislation.
Polls showing large swaths of voters are not giving Democratic President Joe Biden credit for the fixing a still broken economy.
“If we do not pass this bill, there is no chance of surviving in the midterms,” said Lanae Erickson, a senior vice president at Third Way, which advocates for centrist Democratic policies.
Rising prices for food, fuel and other household goods have complicated Biden’s legislative push. Friday’s report showing that the pace of inflation reached its highest rate since 1982.
Prior spending by Democrats on coronavirus stimulus and infrastructure measures caused the spike in prices and Build Back Better would likely make things worse.
Over the weekend, the White House released a memo that argued the bill would benefit struggling families by lowering costs on health care, prescription drugs and child care.
THE WRONG DIRECTION
According to an Oct. 18-22 Reuters/Ipsos public opinion poll, a bipartisan majority of Americans agreed that inflation is a “very big concern for me” and that job creation should be a top priority for the country. Overall, 67% of U.S. adults agreed that inflation is a very big concern, including 64% of Democrats, 79% of Republicans and 62% of independents.
The October poll also found that only 29% of adults described the economy as heading in the “right direction,” including 48% of Democrats, 11% of Republicans and 21% of independents.
