Senate Committee Advances Biden Nominee Who As soon as Stated Fuel Ought to Be Extra Costly
The Senate Committee on Banking, Housing And City Affairs voted Thursday to advance the Biden administration’s nomination of White Home Financial Advisor Dr. Jared Bernstein to chairman of the Council of Financial Advisors (CEA) at an govt session.
The committee superior Bernstein’s nomination to be chairman of the CEA by a vote of 12-11 with all Democrats voting for it and all Republicans voting towards it. Rating Member and Republican Sen. Tim Scott of South Carolina mentioned the economist doesn’t meet the factors for a nominee of “inspir[ing] confidence, hav[ing] robust respect for the rule of regulation and help[ing] insurance policies that promote the American dream.”
Bernstein has supported “excessive progressive coverage” such because the Inexperienced New Deal, the Biden administration’s resolution to shut down the Keystone XL Pipeline and a carbon tax, in accordance with Scott.
“His largely partisan file of advocating for excessive progressive coverage positions, together with common government-guaranteed jobs; common government-run well being care methods; increased taxes, together with a carbon tax [and] a wealth tax; and the Inexperienced New Deal — deeply concern me,” Scott mentioned.
Bernstein performed a key function in financial messaging for the Biden administration’s rising funding in infrastructure laws, semiconductor manufacturing and environmental initiatives, in accordance with Politico. (RELATED: ‘Yeah, That’s Simply Factually Unsuitable’: Jared Bernstein, Neil Cavuto Spar Over Economic system)
Scott famous that Bernstein wrote in 2019 that “fossil gasoline prices needs to be increased.”
“I’d think about that the overwhelming majority of People discover themselves appalled, shocked, and albeit below the load of inflation and better fuel costs,” Scott mentioned.
CEA member Jared Bernstein solutions a query concerning the financial system throughout a briefing within the James S. Brady Press Briefing Room of the White Home in Washington, DC, on April 1, 2022. (Photograph by ROBERTO SCHMIDT/AFP by way of Getty Photographs)
Scott’s opposition to Bernstein was unprecedented, in accordance with committee chair Sen. Sherrod Brown of Ohio.
“The Banking and Housing Committee has a practice of members voting for the president’s choose to be chair of the Council of Financial Advisers, no matter political social gathering,” Brown mentioned on the govt session.
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