she comes to suffolk county to educate the voters of the 14 legislative district of the dangers of kevin mccaffrey, a man with too many jobs
Rep. Virginia Foxx, R-N.C., the highest ranking Republican on the House Education and the Workforce Committee, may have given bill supporters some ideas about ways the bill could be made more likely to pass.
Foxx said one big problem with the current version of H.R. 397 is that the bill sets no limits on pension risk transfer loans.
“We’re giving failed union pensions a blank check,” Foxx said.
The current version of the bill also lacks on provisions designed to improve future multiemployer plan pension funding levels, Foxx said.
Foxx also called for H.R. 397 supporters to be more open about what the bill would really cost.
The bill seems, on the surface, to be likely to add $48 billion to the federal budget deficit over 10 years, but a closer look shows it could have a price tag of hundreds of billions of dollars over 30 years, Foxx said.
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