US & World

What is included and what is not included in Biden’s $ 1.75 trillion plan?

The dramatically reduced national policy package includes new health care, free kindergartens and climate change programs.

Washington — President Joe Biden visits Capitol Hill early Thursday to say the White House can pass the 50-50 Senate on a dramatically reduced domestic policy package, $ 1.75 trillion in social welfare and climate change programs. He filed a lawsuit against a Democrat who believes the White House.

Biden wants a deal at hand before leaving for the World Summit later that day, but because the president’s campaign ambitions give way to the narrowly divided parliamentary political reality. The revised new package has lost some of the Democratic Party’s top priorities.

Efforts to lower paid family vacations and prescription drug prices are now completely unpackaged, according to government officials who asked reporters to remain anonymous for new details.

Still mixed: a free kindergarten for all young people, an expanded healthcare program including the launch of a new $ 35 billion hearing aid benefit for the elderly in Medicare, and 555 billion to tackle climate change. Dollar.

There are also COVID-19 bailouts, new childcare subsidies, and a one-year extension of childcare tax credits implemented between $ 100 billion to strengthen legitimate immigration and border processing systems.

When Biden arrived at Capitol Hill, he was asked if there was enough support for the passage from the party and told reporters “yes.”

The White House took shape after months of long-term negotiations, making the overall package the largest investment in climate change history and the greatest improvement in the national healthcare system for over a decade. I did.

Biden’s proposal is in line with his plan to impose an additional 5% tax on income above $ 10 million annually and no new tax on income below $ 400,000 annually, with a new 15% tax. It will be paid by imposing a minimum corporate tax on the company, officials said. ..

Revenues to support package payments will also come from rolling back some of the Trump administration’s 2017 tax cuts, along with the enhanced enforcement of the Dodgers by the IRS. Biden vowed to bear the full cost of the plan so that it did not overlap with the debt burden.

Biden will speak from the White House on the $ 1 trillion bipartisan infrastructure program associated with the package before leaving for the World Summit late Thursday.

However, this framework is not yet a complete legislative text, and what lawmakers and aides warned has not yet been agreed by lawmakers. Supporters urging Democrats to support climate change efforts protested outside the Capitol.

Democratic Congressman Pramira Jayapal, a progressive Caucus leader, said the announcement of the new framework “will show tremendous momentum.” But I want to see the actual text because I want to avoid confusion and misunderstanding. “

The Democratic controversy over a large domestic policy bill has blocked the passage of another $ 1 trillion package of road, broadband and other infrastructure projects facing Sunday’s voting deadline. However, Biden pushes to send both through the “finish line”.

In the split Senate, Biden needs the support of all Democrats and can’t afford to vote. The house is also divided with a margin of just a few votes.

Despite a series of deadlines, Democrats have been unable to close deals between them, and Republicans are overwhelmingly opposed to the package. At best, Democrats could reach a framework that could send Biden abroad to get a deal and unlock the process while the final details were sewn.

Under pressure, Speaker of the House Nancy Pelosi announced at a committee hearing Thursday that he would push Biden’s package towards a full vote in the House, but the timing remained uncertain.

Supporters of two major Democrats, Sens Joe Manchin in West Virginia and Kyrsten Cinema in Arizona, have reduced the size and scope of the party’s big vision with almost one hand.

White House officials have repeatedly met with two senators, Manchin and Cinema, who are now in huge power, essentially deciding whether Biden can fulfill the Democratic Party’s major election promises. ing.

The Sunday deadline was approaching to approve smaller public works invoices. Or there was a risk that the funds for the regular shipping program would expire.

Associated Press writers Farnoush Amiri, Kevin Freking, and Padmananda Rama contributed to this report.

What is included and what is not included in Biden’s $ 1.75 trillion plan?

Source link What is included and what is not included in Biden’s $ 1.75 trillion plan?

Related Articles

Back to top button