Rep. Gregory Meeks Talks INVEST Act
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What is the bipartisan INVEST Act and why is it significant?
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Joining us now with Insight Live from Capitol Hill, Democratic Congressman Gregory Meeks of New York. He's a ranking member of the House Foreign Affairs Committee, member of the House Financial Services Committee, and so we have a lot to talk about. Congressman, it's great to see you. Thanks for being with us here on Bloomberg TV and radio. You heard what Eric was just telling us here. It looks like we are going to go over the cliff. Should our viewers and listeners, people who are actually on these plans, these Obamacare plans, should they expect this to be their new reality?
It looks like it. I mean, Democrats have been trying to ring the alarm for a long period of time. And almost for the last 15 years, the Republicans have said that they had an alternative plan, yet no one has seen them produce anything. And this is something that should have been talked about. We've been advocating for it. We've been talking about an extension, if nothing else, to the Tax Credit for the Affordable Care Act. so that it can be figured out and we'll have more time. Republicans have refused to do that. So it just seems that they, as we've been saying all along, are in complete disarray. And as a result, it's going to hurt millions of American citizens when they see their health care, some of them will double.
How does the INVEST Act address healthcare affordability issues?
And this is what we were talking about before, and now it's going to become reality.
So the affordability crisis that we've been talking about and the president calls a Democrat hoax, it's about to get worse, right? If we look at this through a wider frame, this feeds into higher costs that people are facing across the board, Congressman. There's no question.
I mean, the American people, as we saw when the president was in Pennsylvania just recently, talking about this is a Democratic hoax, and everyone that was spoken with when they left said, this is not a hoax, because they know what their pockets feel like, and they know what their insurance plans are looking like, so that they will soon have to make a choice, many of them, of whether they continue healthcare or not, because they may not be able to afford it. And so the crisis is here now that's caused by the President of the United States, and unfortunately the President is also the de facto Speaker of the House. So the Deputy Speaker follows the Speaker, who happens to be the President, and nothing has been done, and nothing has been at least talked about for an agreement in a bipartisan way.
And so now we're on a cliff, no conversation, and guess what? January 30th is not that far behind also.
Well, we just were talking about the possibility of another shutdown, and I don't know if anyone has the appetite for that. But I just want to ask you quickly about one of the options that is under consideration in the House of Representatives, realizing these both failed today in the Senate. There's a discharge petition that's been put up by Brian Fitzpatrick. It's also got a Democrat on this as well. It's Brian Fitzpatrick, as I mentioned, on the Republican side. If there are enough votes here, this could be forced to the floor, Congressman, and it would extend the Obamacare subsidies by a couple of years, but also would add eligibility requirements. Is that something that you would vote for if you had the chance?
Well, I haven't seen it. I would have to see it. I know there's something that they're trying to put together at the last second. You know, I think that, again, here we should have had the opportunity to have a dialogue and a conversation, a negotiation, as opposed to what's taking place right now.
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Chapters
5 chapters
1
What is the bipartisan INVEST Act and why is it significant?
0:00–1:57
2
How does the INVEST Act address healthcare affordability issues?
1:57–5:11
3
What challenges do small businesses face under current policies?
5:11–7:58
4
How does the INVEST Act aim to support small business owners?
7:58–11:54
5
What role does Congress play in addressing foreign affairs?
11:54–13:13
Speakers
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