- Democrats admit they will not achieve the $ 3.5 trillion they initially proposed for Biden’s social plan
- Pelosi assured that they will be able to carry out this “transformative” legislation
- Biden’s social plan is expected to go to a vote this week in the House of Representatives.
ANOTHER SETTING FOR BIDEN? Democrats admit that they will not achieve the 3.5 trillion dollars that they had initially proposed for the social plan promoted by the president of the United States, Joe Biden.
This Sunday, the Democrat Nancy pelosi, Speaker of the House of Representatives, said that at this point in the negotiations “it seems obvious” that Biden’s social spending plan will be less than $ 3.5 trillion.
Democrats admit they won’t get the 3.5 trillion for Biden’s social plan
Progressive lower house Democrats hope to pass the ‘bulky’ legislative package before the end of September, but conservative Democrats are not entirely convinced.
In view of the situation, Pelosi said in an interview with ABC “that it seems obvious” that to get the support of the entire Democratic caucus it will then have to be a package smaller than the 3.5 trillion dollars that Biden had proposed.
The party sticks together
Despite the different opinions among Democrats, the leader of the House of Representatives clarified that “even those who want a lower figure support the vision” of the current president, the EFE agency reported.
Pelosi assured that, although some moderates think that the amount is excessive and do not support the abrupt increases in taxes, they will be able to carry out this “transformative” legislation. “We will get the numbers needed” to approve the plan, he said.
What does the social package include?
Biden’s social plan is ambitious, as it aims to guarantee public education for children under the age of five, expand health coverage, fight poverty, invest in public housing, even implement measures against climate change and more.
Of course, your plan takes time and is designed so that the funds will be disbursed over the next 10 years. Still, financing it has been a problem, so the Democrats proposed raising taxes on the rich and big business.
Carrying out Biden’s social plan
With the increase in taxes on the wealthiest in the country, the government hopes to be able to collect over a decade 2.9 trillion of the 3.5 trillion dollars required by the project.
Biden continues to push and that is why he hosted a White House meeting this week with Pelosi and Senate Majority Leader Chuck Shumer. Then he also met with moderate Democrats like Manchin and Sinema to discuss the matter.
The Democratic side has only a few hours left to reach an agreement with West Virginia Senator Joe Manchin and Arizona Senator Kyrsten Sinema, among other representatives of the party’s moderate wing.
Biden’s social spending plan is expected to go to a vote this week in the House of Representatives. Democrats admit they won’t get the 3.5 trillion for Biden’s social plan.