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Democrats are struggling to pass Biden’s spending bill prior to the Climate Summit and meet the funding deadline

Democrats in Parliament White HouseTrillions of dollars in social welfare bill before the president Biden Leaving the town, some major moderates are demanding more cuts in exchange for their support.

Parliamentary leaders hope to agree on top-line numbers for the 10-year package by Wednesday. Biden The next day, we will depart for Scotland’s Global Climate Summit. The executive ally says Mr. Biden Would like to implement major climate policies and arrive at the summit to demonstrate Washington’s commitment to combat global warming and pressure other states such as China, Russia and India to provide bold cuts. I am.

“Next week is an important week for the president Biden And for our leadership on the world stage as a nation, “said Senator Chris Coons, a Democrat in Delaware and a close friend of the president. “It’s a big opportunity to go and look at the details a week after you ask him to go and say,’We’re still looking at the details.’ ”

Despite the looming time squeeze, Democrats have yet to agree on a final version of a large-scale bill destined for another $ 1.2 trillion physical infrastructure bill that Democrats also want to pass. It’s far from it.

NS White House Initially, the bill will cost more than $ 3.5 trillion in 10 years, a long-sought liberal priority, including free community colleges, amnesty for illegal immigrants, and climate change regulations paid by tax increases on the wealthy and businesses. I wanted the matter to be included.

But after two moderate Democrats, Senz. Joe Manchin III With West Virginia Kyrsten Cinema Arizona’s raised objections, White House I was forced to withdraw.

Moderate influence stems from the fact that the Democratic Party plans to use budget adjustments to pass spending bills.Due to special legislative procedures, some spending bills Senate Set a threshold of 60 votes for filibuster and pass a simple majority of 51 votes.

Since then Senate Currently, there is a 50-50 split between the two parties, and a single member of parliament can have a significant impact on the negotiations. At the moment, Mr. Manchin and Mr. cinema I’ve done it exactly, forcing him. Biden Reduce the bill’s price tag from $ 3.5 trillion to about $ 2.2 trillion.

However, this number may not be low enough. Manchin told reporters that a wide range of agreements were possible by the weekend, but the bill was still capped at $ 1.5 trillion.

“We are all working in good faith,” Manchin said. “As you know, I’ve talked to everyone. I think we understand each other better. We understand better than ever.”

It remains to be seen how progressive will respond to further attempts to reduce the bill. Some, like Senator Bernie Sanders, have long claimed that $ 3.5 trillion was initially proposed by him. Biden It was already a good compromise.

“Anyone who believes that we can make the meaningful changes we need in this country without confronting the greed and corruption of the ruling class is terribly misunderstood,” at a Democratic rally. Mr. Sanders, who is independent of Vermont, where the caucuses are held, said.

It is Mr. who has already stopped by the roadside. BidenProposal to offer a community college free of charge for two years, regardless of citizenship. There are also tax credits that many wanted to force utilities to abandon coal and natural gas in favor of wind and solar power.

The contract includes the cost of a universal pre-kindergarten program and childcare subsidies, both of which may be limited to low-income families. Funds have also been allocated to move federal vehicles to electricity. An additional $ 3.5 billion will be spent on creating a “private climate corps” program to hire and plant young people.

Mr. Biden I have to limit it further his There are ambitions when it comes to child tax credits and paid family leave.

The package may only include 4 weeks of paid vacation instead of the originally floating 12 weeks. White House.. Similarly, the expansion of child tax credits will be extended for another year.

NS White House Initially, we proposed to make the credit permanent. This gives parents with children under the age of 6 a direct payment of approximately $ 3,600 per year.

“I’ve always said that the government should be your best partner, but it shouldn’t be your provider,” Manchin said. “We have a moral obligation to provide to those who do not have the physical or mental abilities, but everyone else should be able to help and tip in.”

There are also disagreements among Democrats on how to raise money for the bill. MS. cinema Already sending a signal she Opposed to raising corporate tax and income tax for high-income earners.

That resistance forced the Democrats to find other ways to pay for all the new funds proposed. At the moment, the best option is “wealth tax”. It taxes millionaires annually on increased value of assets such as stocks and real estate. It also considers a 15% global minimum tax on companies that apply to foreign profits.

Manchin says he is ready to consider both ideas, cinema I’m keeping silence. Please comment with Mr. Manchin. cinema It was not returned.

Biden’s Climate Summit isn’t just about the impending deadline that Democrats will face next week. At the end of the month, federal funding for highways and roads will run out.

Democrats want to be able to push for a $ 1.2 trillion bipartisan infrastructure bill instead of going through short-term funding measures.

Measures I was playing in the house after passing Senate Linked to the adjustment package during the summer. Left-wing Democrats have explicitly promised to put the infrastructure bill in the tank unless moderates agree to support the social welfare bill as well.

“No one has said it’s easy to pass such a transformation bill, but we’re on track to achieve it,” he said. Senate Majority leader Charles E. Schumer, a Democrat in New York.

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Democrats are struggling to pass Biden’s spending bill prior to the Climate Summit and meet the funding deadline

Source link Democrats are struggling to pass Biden’s spending bill prior to the Climate Summit and meet the funding deadline

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