The stopgap deal stopping the government shutdown, combined with tax cuts enacted in December, will cause economic problems, a Democrat serving on the House Budget Committee warned Friday.
"When you take the tax cut two months ago, combined with this increase in spending — this is a $2 trillion plan that is coming in the eighth year of an economic expansion — this will spike inflation, this will spike interest rates and the markets already know it," Pennsylvania Rep. Brendan Boyle told MSNBC's "Morning Joe."
However, he denied that there is a divide in the Democratic caucus, despite several members of his party voting for the continuing resolution. The House voted 240-186 to approve the bill just before dawn, hours after the Senate had approved the measure on a 71-28 vote.
"If we were in control of the House, 100 percent of us would vote for DACA [Deferred Action for Childhood Arrivals]. 100 percent of us would vote against a fiscally irresponsible plan that adds $2 trillion deficit, double the size of the stimulus eight years ago," said Boyle.
He also said he does not think House Minority Leader Nancy Pelosi whipped the vote to guarantee 73 votes needed to pass the plan.
"She spoke up, as we saw yesterday, for I think some eight hours, the longest speech in House history on behalf of dreamers," said Boyle.
"At the same time, every single member is going to make up his or her mind. This was clearly a tough vote on both sides of the aisle. I know she respects that and so does every member of our caucus."
Sandy Fitzgerald ✉
Sandy Fitzgerald has more than three decades in journalism and serves as a general assignment writer for Newsmax covering news, media, and politics.
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