hello

Build Back Better plan

October 7, 2021

Biden concedes to a smaller price tag for social spending package

President Biden conceded to a smaller price tag for his once-massive $3.5 trillion social spending package, now expected to land somewhere between $1.9 and $2.3 trillion.

“I want to make sure that we have a package that everyone can agree on,” Biden told reporters. “It’s not going to be $3.5 trillion. It’s going to be less than that.”

Biden’s plan includes required paid family and medical leave, expanded Medicare coverage, and extended tax breaks for certain Americans.

Previously, Sen. Joe Manchin (D-W. VA) insisted on a $1.5 trillion price point for the plan and means-testing of some programs.

“My number’s been 1.5,” Manchin said Wednesday, adding that he wants to avoid turning the country into “an entitlement society.”

Biden finds himself between and a rock and a hard place with moderate and progressive Democrats. Progressives repeatedly insist on a higher price point.

During a virtual meeting on Monday, Rep. Pramilia Jayapal (D-WA), the Congressional Progressive Caucus leader, told Biden that she wanted a $2.5 to $2.9 trillion figure.

Source:

In budget turning point, Biden conceding smaller price tag

September 30, 2021

Pelosi criticized for repeating Biden’s claim that $3.5T plan costs ‘zero’ dollars

House Speaker Nancy Pelosi (D-CA) became the subject of criticism for repeating President Biden’s highly contested claim that the $3.5 trillion Build Back Better plan will cost “zero” dollars.

“It’s not about a dollar amount,” Pelosi said. “The dollar amount, as the president said, is zero. This bill will be paid for.”

The reconciliation package is a hot-button issue as of late, with some within the Democratic party raising concerns about the costs. Biden recently raised eyebrows by tweeting, “My Build Back Better Agenda costs zero dollars.”

“If she really thinks her $3.5 trillion plan ‘costs zero dollars,’ she’s as delusional as President Biden,” Sen. Tom Cotton (R-AR) tweeted.

“Nothing is free, and anyone telling you something is free is trying to sell you something else,” wrote Brandon Morse, editor of the conservative website RedState.

Source:

Pelosi blasted for repeating Biden talking point that $3.5 trillion bill will cost ‘zero’

Scroll to top