Romano: Biden Legislative Agenda Dead as GOP Takes Control of Congress
According to the most recent average of polls compiled by RealClearPolitics.com, Republicans are increasing their lead in the 2022 Congressional midterm elections, leading generic ballot polls by 3.9 percent, 47.3 percent to 43.4 percent.
Democrats currently hold a net five-member majority in the House of Representatives, with one seat vacant: 222 to 212. That is, if Democrats lose five or more House seats in the 2022 midterm elections, Republicans will retake control of the chamber.
In the Senate, a 50-50 tie exists, with Vice President Kamala Harris casting the deciding vote for Democrats. Republicans only need to pick up one member on a net basis to gain a majority in that chamber this year.
Historically, the party in power in the White House has lost 31 seats in the House and around three seats in the Senate in midterm elections lasting from 1906 through 2018. Given Biden and Democrats’ razor-thin margins, Republicans will easily recapture Congress this year.
Speaker of the House Nancy Pelosi (D-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.) are well aware of this. That’s why they’ve been working tirelessly for the past year to enact legislation that would nationalize federal election regulations, shred state voter identification laws, raise taxes, and spend trillions of dollars we don’t have – until they couldn’t.
With inflation already at 7% and the US economy potentially overheating — the spread between 10-year and 2-year treasuries is hovering at 0.62 percent as of this writing — moderate Democrats like Senators Joe Manchin (D-WVa.) and Kyrsten Sinema (D-Ariz.) are hesitant to spend much more.
When asked about the $3.2 trillion so-called Build Back Better legislation being pursued by the Biden administration, Manchin responded to CNN, “What Build Back Better bill?” There isn’t one, I mean, I have no idea what you’re talking about… No, no, no, it’s no longer alive… That’s gone if they’re talking about the full product.”
And this was on legislation that would have passed the Senate with a simple 51-vote majority via budget reconciliation. As a result, the funding bill is no longer alive.