BAC International President Timothy J. Driscoll has expressed strong concerns following the U.S. Senate’s passage of the One Big Beautiful Bill Act (OBBB). Driscoll described the bill as a significant transfer of wealth from the working class to the wealthiest 1% in the country, warning that it could increase national debt by over three trillion dollars.
Driscoll stated, “The OBBB reconciliation bill that passed the Senate today represents the largest transfer of wealth from the working class to the 1% in our country’s history.” He further criticized the bill for potentially causing “generational harm” to investment in America’s people.
The statement highlighted several areas of concern, including potential reductions in healthcare access for millions of Americans and cuts to federal programs ensuring safety in food, water, and workplaces. The bill also proposes cuts to Medicaid and state health exchanges, which Driscoll believes could bankrupt millions who may lose insurance coverage.
Additionally, Driscoll warned that diminished federal support would lead healthcare providers to increase charges to private insurance plans. This could affect multiemployer health plans covering construction workers and their families.
The statement emphasized that infrastructure jobs might be at risk, potentially leading to increased unemployment among construction workers and impacting energy independence and transportation infrastructure. It also warned about unsustainable interest payments due to an exploding national debt, affecting future generations.
Driscoll urged Congress to address these issues promptly: “Congress must act now to avert these disastrous provisions contained in the OBBB.”
