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Thu Oct 14, 2021, 04:31 PM

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 bill’s price tag would be around $2.5 trillion.

Conservative Democrats continue to block the passage of President Joe Biden’s $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 Senate’s 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 she’s 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!

5 replies, 1409 views

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Reply Democrats Float Possible $2.5 Trillion Compromise Reconciliation Framework (Original post)
bluewater Oct 14 OP
msongs Oct 14 #1
qazplm135 Oct 14 #2
MichMan Oct 14 #3
mountain grammy Oct 14 #4
KPN Oct 14 #5

Response to bluewater (Original post)

Thu Oct 14, 2021, 05:34 PM

1. sinema says not to reconciliation bill unless infrastructure passed 1st in which

case she cannot be trusted

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Response to bluewater (Original post)

Thu Oct 14, 2021, 05:42 PM

2. How do you get to even 1.5 trillion

If Sinema says no tax raises?

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Response to bluewater (Original post)

Thu Oct 14, 2021, 06:56 PM

3. Does this apply only to people who are employed?

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 bill’s price tag would be around $2.5 trillion.

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Response to bluewater (Original post)

Thu Oct 14, 2021, 06:59 PM

4. Compromising with ourselves

no republican will vote for it.. get in line Democrats. Pass the Budget.

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Response to mountain grammy (Reply #4)

Thu Oct 14, 2021, 09:37 PM

5. THIS. Get in frigging line!

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