Sen. Pat Toomey criticized a new climate, health care, and tax package unveiled by Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin of West Virginia last week.
about new federal spending amid rising consumer prices, but he and Schumer ultimately had a breakthrough, resulting in the proposal unveiled Wednesday.
The president has thrown his support behind the package even though it leaves out many of the key policies in his social spending plan, and he Republicans, though, assert Democrats are using budget gimmicks to account for the spending on the enhanced Obamacare subsidies while claiming the package lowers the deficit.
"They're also counting huge amounts of additional tax revenue from giving more taxes, money to the IRS, which the CBO does not agree with," the Pennsylvania Republican said."They're also not taking into account how much our economy will slow down from this big corporate tax increase that will mostly hurt manufacturing and domestic investment. These numbers are very, very dubious.
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