Next Government Union Bailout Can Be Stopped
Speaker Kevin McCarthy has vowed that the House will “use the power of the purse” to “check” Big Labor President Joe Biden’s policies.
The Washington Examiner notes Big Labor officials are negotiating with Obama administration officials on a “fix” to spare multi-employer pension plans, which are provided by many unions to their members, from the higher costs they would face under the president’s health care law.
A forthcoming report estimates the cost to taxpayers for that fix at $187 billion over 10 years.
Speaker Kevin McCarthy has vowed that the House will “use the power of the purse” to “check” Big Labor President Joe Biden’s policies.
“The $86 billion giveaway to MEPPs inserted in the Biden Administration’s so-called ‘American Rescue Plan’ [ARP] has set the stage for even bigger bailouts in the future.”
Biden's $36 billion bailout incentivizes irresponsible union pension fund management and hurts taxpayers