Inflation poses new challenges for progressives
By Naomi Jagoda - 11/13/21 10:41 AM EST
The sharp increase in inflation could pose a challenge for progressives as they push to enact a robust social spending and climate package.
The Labor Department reported Wednesday that the Consumer Price Index (CPI) increased by 6.2 percent in the 12-month period ending in October, the biggest increase since 1990.
The data quickly caught the attention of Sen. Joe Manchin (D-W.Va.), who has already raised concerns about the size and the timing of the spending bill. Republicans are also highlighting the data in an effort to pressure moderate Democrats to oppose the legislation.
Concerns from moderates could make it harder for progressives to get as many of their priorities into the spending package, known as the Build Back Better Act.
Progressives and key Democrats are countering inflation-related criticisms arguing that the measure could help address Americans’ concerns about the cost of goods and services.
Rep. Pramila Jayapal (D-Wash.), chair of the Congressional Progressive Caucus, said Thursday that there are several aspects of the spending bill that would help cut costs for Americans, such as provisions on limiting child care costs, providing universal pre-K and lowering the price of prescription drugs.
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https://thehill.com/policy/finance/budget/581355-progressives-bullish-that-social-spending-bill-will-address-inflation
