Democrats Float Possible $2.5 Trillion Compromise Reconciliation Framework

[bluewater]

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

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Sounds reasonable to me.

Let's pass both bills asap!

[msongs]

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

case she cannot be trusted

[qazplm135]

2. How do you get to even 1.5 trillion

If Sinema says no tax raises?

[MichMan]

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.

[mountain grammy]

4. Compromising with ourselves

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

[KPN]

5. THIS. Get in frigging line!