Democrats Float Possible $2.5 Trillion Compromise Reconciliation Framework
Source: Huffington Post
Democratic leaders floated the contours of a $2.5 trillion spending and tax cut reconciliation framework before senators left last week for a brief recess, in hopes that the whole caucus would go along with a slightly smaller price tag.
During a caucus meeting last Thursday with Senate Democrats, leadership pitched a top line of roughly $1.5 trillion in new spending on programs such as child care, housing, climate policies and Medicare expansions, according to presentation slides obtained by HuffPost and top Senate aides familiar with the presentation.
The bill would also provide around $1 trillion in tax cuts for working families including an extension to the boosted child tax credit, Affordable Care Act premium subsidy credits and housing and clean energy tax credits. Overall, the bills price tag would be around $2.5 trillion.
Conservative Democrats continue to block the passage of President Joe Bidens $3.5 trillion Build Back Better plan, a sweeping proposal that would invest heavily in climate policies, parental benefits, child care and universal pre-K, as well as housing and expansions of both Medicare and Medicaid.
The presentation offers a possible compromise top-line number that leaders, including Biden, have floated for weeks.
This presentation was Leader Schumer informing Senate Democrats of what President Biden presented to the House Democrats the week prior, Justin Goodman, a spokesperson for Senate Majority Leader Chuck Schumer (N.Y.), said.
But even $2.5 trillion is higher than what Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.), the Senates two most conservative Democrats, say they will support. Manchin has floated a $1.5 trillion top-line spending number. Sinema refuses to disclose a top-line number to her Senate colleagues, but shes reportedly comfortable with a figure under the $2 trillion mark.
Read more: https://www.huffpost.com/entry/reconciliation-bill-price-tag-white-house_n_61671e35e4b028316c90b6cc
Sounds reasonable to me.
Let's pass both bills asap!
msongs
(67,406 posts)case she cannot be trusted
qazplm135
(7,447 posts)If Sinema says no tax raises?
MichMan
(11,931 posts)mountain grammy
(26,621 posts)no republican will vote for it.. get in line Democrats. Pass the Budget.