Washington — There was growing tension on how to build and raise money on Tuesday, the day before the Democratic Party’s voluntary deadline to complete the Commission’s work on a vast social policy bill.
Disagreements over whether to tax big names like Jeff Bezos and how to control prescription drug prices could make Democrats the most important expansion of social safety nets in half a century. It has emerged as a flash point when trying to coalesce about something that has sex.
Democratic leaders claimed they had completed their work this fall and are on track to reach an agreement. But liberal lawmakers were upset for a big tax increase for the ultra-rich in the package. Meanwhile, three moderate Democrats in the house threatened to upset efforts to advance the leader’s plans for prescription drug price controls.
Hanging in the controversy is the intensifying competition for resources. Matching all the party’s priorities to the original fully funded 10-year price tag of $ 3.5 trillion has always failed. However, key lawmakers are now demanding cuts in total spending, opposed to using some sources of income, making compromises more difficult.
Senator Bernie Sanders, who is independent of Vermont and chairs the Budget Committee, said: “How aggressive are you in raising money for the pharmaceutical industry through Medicare negotiations? How aggressive are you spending Medicare to cover your dentistry, hearing aids and eyeglasses when raising money?” ? “
Understand infrastructure bills
- A $ 1 trillion package has passed. The Senate passed a large bipartisan infrastructure package on August 10, ending weeks of fierce negotiations and discussing the country’s largest federal investment in aging public works systems for over a decade. ..
- Final vote. The final tally in the Senate was 69 in favor and 30 against. Laws that still have to pass the House of Representatives will touch on almost every aspect of the US economy and strengthen the country’s response to global warming.
- The main areas of spending. Overall, bipartisan plans focus on spending on transportation, utilities, and pollution cleanup.
- transportation.. Approximately $ 110 billion will be spent on roads, bridges and other transportation projects. $ 25 billion at the airport. It spends $ 66 billion on railroads and provides the most funding it has received since Amtrak was founded in 1971.
- utility.. Senators also have $ 65 billion to connect hard-to-reach rural communities to the high-speed Internet and help register low-income urban dwellers who can’t afford it, and $ 8 billion to western water infrastructure. I included it.
- Pollution cleanup: Approximately $ 21 billion will be spent cleaning abandoned wells, mines and super fund sites.
“We need to balance them all,” he added.
Conflicts are especially dispute, as Democrats facing the Republican opposition wall protect it from filibuster and push their plans under a special budget process called reconciliation that can be passed by a simple majority vote. It’s awkward. But their small margins in both chambers would require almost complete party unity to do so. In the 50-50 Senate, they don’t even allow one asylum, and in the House, they spare only three votes.
This initiative is a large-scale project filled with political and procedural challenges. Senate Democrats spent lunch on Tuesday reviewing a PowerPoint presentation that lasted at least 35 minutes, detailing the work completed and open issues.
Senator Chuck Schumer, a Democrat and majority leader in New York, said at a weekly press conference, “Today’s caucuses had a strong, wide-ranging and highly constructive debate about the outlook.” Said.
Among the issues to be resolved, two moderate Democrats, Scott Peters of California and Kurt Schrader of Oregon, opposed the Democratic leadership’s drug price plan on Tuesday, the most aggressive. There was a burning problem in the House of Representatives when proposing no alternatives. Government savings are significantly lower. Another Democrat and co-sponsor of the alternative, New York Rep. Kathleen Rice, also allows Medicare to negotiate government prices and link acceptable drug prices to those paid in other countries. He said he would vote against the leader’s plan. ..
The powerful pharmaceutical lobby has taken action to kill the bill, which was supposed to generate at least $ 500 billion in savings to pay a significant portion of the bill. If all three Democrats join in opposition to the Republicans, the bill needs to be blocked from leaving the House Energy and Commerce Commission and Democrats need to pay for more ambitious plans to expand coverage. It can rob a significant portion of an income. advantage.
“I accept the many revenue increases proposed by the president, but I don’t think it’s appropriate to jeopardize the future of American innovation to pay for these other things,” Peters said. Said. interview.
“I’m whistling on many of these issues that I’m concerned about,” he added. “This is one of the issues I’ve been raising and I can’t support.”
Another issue is that senior Democrats on the Houseways and Means Commission grow each year and are not taxed if they are not for sale.
Biden’s 2022 Budget
The federal fiscal year 2022 began on October 1, and President Biden revealed what he wanted to use after that. However, spending requires the approval of both parliaments. The contents of the plan are as follows.
- Ambitious total spending: President Biden hopes that the federal government will spend $ 6 trillion in fiscal year 2022 and that total spending will increase to $ 8.2 trillion by 2031. A deficit of over $ 1.3 trillion over the next 10 years.
- Infrastructure planning: The budget shows hope for the first year of the president’s investment in the American Job Plan, which aims to fund a total of $ 2.3 trillion over eight years to improve roads, bridges, public transport, etc. ..
- Family planning: The budget also provides US social safety by expanding access to education, reducing childcare costs and helping women in the workforce, another major spending proposal that Biden has already developed. It also supports his American family plan aimed at strengthening the net.
- Required program: As always, compulsory spending on programs such as social security, Medicaid, and Medicare make up a significant portion of the proposed budget. They are growing as the American population ages.
- Discretionary spending: Funding for the individual budgets of institutions and programs under government will reach approximately $ 1.5 trillion in 2022, an increase of 16 percent from previous budgets.
- How Biden pays for it: The president will fund his agenda primarily by raising taxes on businesses and high-income earners, which will begin to reduce the budget deficit in the 2030s. Government officials say the tax hike will completely offset 15 years of work and family plans, and budget demands support it. Meanwhile, the budget deficit will remain above $ 1.3 trillion each year.
According to estimates released by Congressional tax scorekeepers on Tuesday, it’s more of an early poor and middle class than the $ 1.5 trillion tax review, which was a signed legislative achievement of President Donald J. Trump. It will be a much bigger tax cut for you. But the Liberal Democratic Party told them …