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What’s in and what’s out as the Democratic Party rebuilds the Biden bill | Government. & Politics

KEVIN PREKING AP communication

Washington (AP) —After months of talks, Democrats agree on which programs and policies to include in President Joe Biden’s large-scale plan to expand health and safety net programs and combat global warming Is approaching.

The plan is likely to include universal preschool education, paid family leave, and continued child tax credits that will be raised earlier this year and apply to more families. Democrats are reducing their investment or shortening the time it takes for these programs to operate within a budget of about $ 2 trillion in 10 years, rather than the originally envisioned $ 3.5 trillion budget plan. increase.

Still, the Democratic Party hopes that the program is so popular that future parliaments will continue to fund it. Republicans are unlikely to support the bill.

Negotiations are fluid and packages are very fluid.. Also, the details cannot be fully evaluated until the legislative text is published. But so far, the bill is here, according to lawmakers and aides.

— The increase in child tax credits will continue for another year. As part of the COVID bailout bill, the Democratic Party has raised tax credits to $ 3,000 per child aged 6 to 17 and $ 3,600 per child aged 5 and under. Limiting the program to one year would disappoint many of its supporters, but they hope that the popularity of the program will move Congress to extend it in the coming years. Budget hawks worry that a one-year extension is a budgeting tool that lowers the cost of paper programs, but it covers the true cost because lawmakers tend to continue the program rather than expire it. I will hide it.

What’s in and what’s out as the Democratic Party rebuilds the Biden bill | Government. & Politics

Source link What’s in and what’s out as the Democratic Party rebuilds the Biden bill | Government. & Politics

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