American Action Forum president says draft of massive reconciliation bill is ‘pathetic’
Douglas Holtz-Eakin, former CBO director and president of the American Action Forum, provided insight into Democrats’ $3.5 reconciliation bill during an appearance on Granthshala Business’s “Morning with Maria” Friday, arguing that the massive The bill is a “mess” and may not be passed immediately.
The House aligned with the Senate and voted to avoid closing the government down with a short-term funding bill.
Douglas Holtz-Eakin: There is a high probability that none of these bills will reach the final line. I’ll keep it around 20 percent that may be. There is no way that a reconciliation bill, as it is currently written, will pass the House, Senate, to be signed by the President. It is huge, the range is huge. The draft itself is pathetic. I mean, it’s a mess.
The most likely outcome is that they reduce that reconciliation bill, tie it to the infrastructure bill and get something at the finish line later this year. It seems to me that the Democrats will have to pass something that reflects a feat for the president in the first year of his presidency. But there will be a lot of pressure on them to eventually get it on one page. They haven’t yet. It’s not going to be easy. But in late October, early November, they may be able to get there.
Watch the full interview below: