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Is nearly $5 trillion. so what this does is bring some sunlight to this discussion. the bill is not paid for. the bill adds to the federal debt. it is not a 1.75 trillion dollar bill. it is a nearly $5 trillion bill and the cost is going to be shifted to our kids and grandkids to try to come up with this money. of course they are higher taxes to pay for all of this spending. harris: and i just question the timing, too. let me put it to top obama economist larry summers who again is calling out the administration for its position on inflation in a series of tweets because you have the spending bill and what will that do to the prices of things that are already going up? here is what he said. remember democrat here, former obama team says i cannot understand why so many in the administration and outside cling to the idea that inflation is caused by ....
Affecting their outlook. reporter: brian deese said today that s why congress needs to pass the 1.75 trillion dollar social spending plan as soon as possible. we need to move on this build back better bill right now. reporter: but opponents of the bill say spending that much money could have the opposite effect. this idea that we re going to spend 1.75 trillion, but trust us it is not going to cost you anything, nobody buys that. reporter: a new cbs poll finds only 30% of the americans say the economy right now is good. and a large majority say every day items are costing them more money. most attribute inflation to supply chain issues. but 67% disapprove of how president biden is handling the problem. we are doing everything to lower costs for every day families. reporter: democrats say the aim of the build back better plan is to make life more affordable for families. we know paid leave helps people get back it to work. reporter: but key provisions ....
A proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. we re monitoring the house floor as lawmakers vote on a motion before the full house vote on president biden s 1.75 trillion dollar social spending bill. stay with fox news channel as we track today s big vote. that s right. ....
what i see are show games. budget gimmicks that make the real cost of the 1.75 trillion dollar bill estimated to be almost twice that amount. this is a recipe for economic crisis. none of us should ever misrepresent to the american people what the real costs of legislation is. to be clear i will not support the reconciliation legislation without knowing how the bill would impact our debt and economy and our country. sandra: that prompted this tweet from progressive congresswoman cori bush. joe manchin s opposition to build back better is anti-black, anti-child, anti-woman and anti-immigrants. congressman roe khanna will join us next hour. bill: president biden launches a major effort to reduce methane emission. the final day of the climate ....
There. what the senator was saying is that is double the cost people have told us. what have you heard, aishah? a lot of varying opinions how this spending bill is going. starting off with senator joe manchin who is not happy at all with how this is going. the framework of this bill and quite frankly his democratic colleagues. he says he will not be supporting the social spending plan without a thorough review of the 1.75 trillion in spending over 10 years and really its impact on the national debt and on inflation. he is very worried about the true cost of this and he called out the quote political games members of his own party are playing, particularly progressives who he says are holding this bipartisan infrastructure bill hostage. what i see are show games. budget gimmicks that make the real cost of the so-called 1.75 trillion dollar bill estimated ....