Schumer Says Democrats Have 'Framework' to Pay for Agenda
Source: Bloomberg
(Bloomberg) -- Senate Majority Leader Chuck Schumer said the White House and congressional Democrats have agreed on a framework to pay for President Joe Bidens economic plan, though he gave no details or indication that it would resolve differences among Democrats over the sweeping tax-and-social spending package.
In brief remarks at a news conference Thursday with Treasury Secretary Janet Yellen and House Speaker Nancy Pelosi, Schumer declined to say whether it would accommodate the full $3.5 trillion originally proposed for the legislation.
Its a menu of options and it will pay for whatever the agreement on the investments comes to, Schumer told reporters later.
Pelosi said, That means we are proceeding. We have made great progress.
Read more: https://www.msn.com/en-us/news/politics/schumer-says-democrats-have-framework-to-pay-for-biden-agenda/ar-AAOKlEh?li=BBnb7Kz
PoliticAverse
(26,366 posts)The $3.5 trillion is dead.
Yo_Mama_Been_Loggin
(107,112 posts)Democratic House and Senate leaders on Thursday announced they and the White House have reached agreement on a "framework" that will pay for most, if not all, of the massive $3.5 trillion human infrastructure bill -- a move meant to mitigate concerns from moderate and centrist Democrats opposed to the hefty price tag.
But the leaders provided very little details on the framework a day after President Joe Biden met with Democratic leaders, moderates and progressives at the White House in an effort to save his agenda from Democratic infighting. House Speaker Nancy Pelosi also did not provide a clear outline about when the reconciliation bill will be ready for a vote.
She also did not commit to putting the bipartisan infrastructure bill on the floor for a vote next Monday, which she had promised moderates would happen.
-snip-
"The White House, the House and the Senate have reached agreement on a framework that will pay for any final negotiated agreement. So, the revenue side of this, we have an agreement on," Schumer told reporters.
https://www.msn.com/en-us/news/politics/schumer-pelosi-announce-framework-to-pay-for-3-5t-infrastructure-bill/ar-AAOKyOm
PoliticAverse
(26,366 posts)Hortensis
(58,785 posts)etc, plus savings from things like more efficient healthcare and economic growth. We're moving ahead.
Only wish the increase to the minimum wage increase that died last winter could be in this. But the same people would kill it again. One thing we can safely assume, people who spit on $12/hour and considered themselves highly principled aren't living on that, or $7.25 either!
Hope we are able to set the extension to our child income tax credit down the earnings scale that low (a whole $14,500 for 2000 hours!) to allow more familiies to qualify for this huge benefit.
Raven123
(4,716 posts)PoliticAverse
(26,366 posts)Hortensis
(58,785 posts)a Democratic president and the wonderful gift Georgia voters gave us of a tie in the senate. It'd be more, but we're doing what we can achieve with what we have.
I'm sorry if some here are disappointed, but they should know that every session there are those doomed to be disappointed because they set their expectations so unrealistically high that it's almost inevitable. The explanation for the inexplicable that seems to make the best sense is that the Democratic Party's as corrupt as always, always sold out to big business, always failing to do what it could and should. The enormous progress made and increased wellbeing of millions of people are mere shadows, proof of what could have been.
How grim. Seriously, I'd hide from national affairs and immerse myself in tatting or amateur dog race handicapping before that. (This is tatting, and it wouldn't matter that I couldn't see to work any more or what I did to a ball of string.)