We’ve been talking about Joe Biden wanting a FDR ‘New Deal’ thing….
We’re gonna hear about the $3 Billion Bill and then and add of for social programs ….
All this to be pitched to be paid for by $3 trillion in tax increases….
I’m a Democrat….
I voted for Joe Biden….
I KNOW all this is NOT gonna fly inn anything that looks like what his people have put together for him to pitch even if Senator Manchin said go’ BIG’………
The president will announce parts of his “Build Back Better” package Wednesday in Pittsburgh. Sweeping in scope, the ambitious plan aims to make generational investments in infrastructure, revive domestic manufacturing, combat climate change and keep the United States competitive with China, according to the officials. It could include $3 trillion in tax increases.
The final price tag is in flux but was expected to be between $3 trillion and $4 trillion. One White House official said Monday night that it may end up being closer to $3 trillion.
Though the White House is emphasizing the urgency, it also insists this will not be considered an emergency response like the $1.9 trillion virus relief bill that Biden signed into law over Republican objections earlier this month. The administration wants to see progress on the new legislation by Memorial Day and have it passed over the summer, White House officials said.
“The president has a plan to fix our infrastructure and a plan to pay for it,” White House press secretary Jen Psaki said. “But we certainly expect to have the discussion with members of Congress, as we move forward, about areas where they agree, where they disagree, where they would like to see greater emphasis or not.”
The administration is setting the political pace and tone for this next big priority in Biden’s agenda. The COVID-19 bill, though broadly popular with voters of both parties, exposed the president to criticism for going it alone with only Democratic votes. White House officials believe this time there will be far more of an opportunity to win some GOP support and plan significant outreach on Capitol Hill.
As the committees in Congress begin to tackle individual provisions — including those on transportation, China and others — the White House will encourage those efforts. Then it will work through the tax increases separately, according to officials…..
Biden people ARE worried about the tax increase part….
The two-pronged package Biden will begin unveiling this week includes higher amounts of federal spending but also significantly more in new tax revenue — with possibly as much as $4 trillion in new spending and more than $3 trillion in tax increases, said the people, who spoke on the condition of anonymity to describe private dynamics. One person familiar with the matter said that the early infrastructure draft did not include every tax increase the White House was eventually considering including in its ultimate proposal, and that the administration believes the tax hikes can also advance its goal of reducing income inequality.
Still, the choice to increase the bill’s tax hikes in part because of its effects on the deficit reflects how concerns over the nation’s spending imbalance are shaping the White House’s internal policy debate. But it also sets up the administration for an enormous political challenge in convincing Congress to pass a package of tax increases on wealthy Americans and companies that together would represent the largest tax hike in generations….