Sen. Joe Manchin speaks during a television interview at the Russell Senate Office Building in Washington on Thursday, Nov. 4, 2021.
But budget experts, along with some moderate Democrats, say the true cost of the legislation will be closer to $4 trillion because of the way the programs are structured and accounted for in the budgetary process. For instance, many of the provisions in Biden’s framework would expire, or “sunset” after only few years, even though Democrats anticipate that they would eventually be extended.
“It’s similar but it’s much more egregious,” said Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, comparing the situation to 2017. “They’re cutting the bill in half, more than in half, by having things expire early.” Some Democrats have also looked skeptically on that proposal. Sen. Robert Menendez, D-N.J., who has been pushing for permanent relief from the cap on the state and local tax deduction, known as SALT, said this week that it should be targeted to benefit the middle class but not reinstated. Such “gimmicks,” he warned, would mostly benefit the rich.
Other analysts, such as those at the Congressional Budget Office, projected it would raise far less — about $200 billion over a decade. The discrepancy boils down to a difference of opinion about the value of the “deterrent effects” of having more tax agents conducting audits.
CNN nytimes washingtonpost MSNBC These are the sort of facts Biden, Schumer & DNC should be shoving down the throats of Manchin & Sinema. Virginia would not be the last the Democrats will lose. Working ppl feel betrayed by Biden admin & DNC. Pass the bills together.
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Hispanic Democrats warn of the perils of dropping immigration proposals from Biden’s domestic spending billImmigration advocates view the bill as the best chance to do something to show immigrant communities aligned with the party that their concerns are being taken seriously.
Source: washingtonpost - 🏆 95. / 72 Read more »
State and local tax reprieve still possible as Democrats hone spending billAs Democrats finalize their $1.75 trillion spending plan, relief for the $10,000 deduction cap for state and local taxes is still possible. Must be an auto-feed to not have any mention of Senator Sanders' statement on this. thanks
Source: CNBC - 🏆 12. / 72 Read more »
Democrats reach deal on Medicare prescription drug prices in social spending billDemocrats say they can reduce prescription drug prices by beginning to allow Medicare to negotiate costs in limited circumstances. good Lord knows their SALT bullshit will get thru! Gotta give the rich a tax break! The 'media' doesn't have the control and power they once had on political discourse. IT IS FUCKING DELISH! Destroy the media, end the corruption! Securing your BITCOIN profits, requires a well inclined account manager that can give you the best service. That's why you have Dennismayson9 a honest and trustworthy trader... Thanks alot sir for helping me win, i appreciate your goodness and i recommend you. Godbless you❤️🙌
Source: latimes - 🏆 11. / 82 Read more »
Latest version of Democrats' $1.75 trillion budget bill includes improvements to Medicare's coverageThe Medicare-related provisions are part of Democrats' legislative plan to strengthen the social safety net. Democrats are pushing for more aid for our seniors. But some seniors still vote against their interests because the GOP still won't support it. Irrelevant since it will never be passed. It is about as meaningful as Trump’s infrastructure bill that never had a chance of actually becoming law. Another decade goes by, and nothing gets done unless there is an emergency. Both parties have failed America, screw them all.
Source: CNBC - 🏆 12. / 72 Read more »
House Democrats add paid family leave back to proposed $1.75T social safety net billOn heels of a disappointing Election Day, Democrats add paid family leave back into sweeping social safety net bill. It’s out it’s in it’s out it’s in and everyone wonders why the voters are confused by the whole thing. Too easy to blame one or two people. Maybe if the whole plan didn’t suck it would pass. WOW, The Democrats are at it again, Giving away money for people doing nothing, That is the Story of the Biden Administration I guess they didn't understand the memo. We do not like the left wing agenda. We also do not the right wing agenda. Until one of these parties understand that we want common sense. It will continue to be back and forth elections.
Source: NBCNews - 🏆 10. / 86 Read more »
John Lewis Voting Rights Act Fails To Pass SenateIt's another failure for Democrats to pass a voting reform bill. Can we just break up already? Why do we force this tired relationship? I think The South is morally bankrupt and I assume they feel the same about my lived everywhere else in the US ass. Let’s just agree to disagree and maybe share defense responsibilities or something Trumpers 😊
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