Wednesday, December 8

Biden Calls $ 1.75 Billion Plan “Historic” Following Agreement With Congress For ‘Build Back Better’ Agenda



President Joe Biden celebrated and defended his new economic package for the social agenda ‘Build Back Better of $ 1.75 billion dollars., which he described as “historic.”

The president acknowledged that there were “tough” negotiations with the different Democratic groups, which led to reducing the original plan from $ 3.5 billion dollars to $ 1.75 billion, leaving aside the minimum investment of $ 1.5 billion proposed by Senator Joe Manchin (West Virginia).

“After months of hard and thoughtful negotiations, I think we have … a historical economic framework,” he defended.

This in reference to the guidelines released by the White House with which congressmen will prepare the plans to integrate into the budget bill that would be approved under the Reconciliation process.

“It is a framework that will create millions of jobs, grow the economy, invest in our nation and our people, reverse the climate crisis,” added the president in a message from the White House after delaying his trip to the Vatican.

“Put us on the road not only to compete, but to win the economic competition for the 21st century against China and every other major country in the world.”

Presidente Joe Biden

The new package includes various social assistance for children, families, education and health, as well as investments against climate change.

The president ruled out that the spending has a serious impact on the debt, in addition to citing that 17 Nobel laureates in economics have said that it will reduce inflationary pressures on the economy.

“Over the next 10 years, the deficit will not increase at all. It will actually reduce the deficit, according to economists, ”he said.

Complicated negotiations

Agreements between Democrats in Congress are still lacking, mainly with the Progressive Caucus and with Latino representatives who will not support the plan if there is no protection for undocumented immigrants, but President Biden highlighted the agreement so far achieved.

“I want to thank my colleagues in Congress for their leadership. We spent hours and hours for months and months working on this, ”he said. “Nobody got everything they wanted, including me, but that’s commitment. That is consensus ”.

The document distributed by the White House is a ‘framework’ or framework that congressmen will use to draft the reforms to be included in the budget bill to be approved under the Reconciliation process.

Republicans will also be able to make amendments to those plans, during “law-by-law” approval sessions that could take up to three days.

Aid for the middle class

The proposal left out support for paid sick leave which, according to the Bureau of Labor Statistics, would have benefited approximately 102 million Americans who currently do not have access to that benefit, but President Biden highlighted investments for the middle class.

“These bills continue to cut taxes for the middle class, for child care, for health care,” he said. “For too long, the workers of this nation in the middle class of this country have been kicked out of the American deal. It is time to reintegrate them ”.

He again called the middle class “the backbone” of America.

“That’s why I wrote these bills in the first place … I campaigned on them,” he gave. “The agenda that is in these bills is the one 81 million Americans voted for. The highest number of people who have voted at any other time in American history… Their voices deserve to be heard. “

Environmental investment

The framework integrates a $ 555 billion investment for clean energy and other environmental measures.

The Climate Power organization stressed that the proposal, if approved, would put the United States “on the right track” to cut pollution in half by 2030.

It also celebrates economic considerations on energy and addressing environmental justice provisions for communities where Latinos live.

“If Congress loses the opportunity to pass this landmark legislation, especially important to communities of color such as Latinos, who have borne the cost of environmental injustice for decades, we will not be able to stop the worst effects of climate change,” said Antonieta Cadiz. , spokeswoman for that organization. “Once again, communities of color will pay the price for a growing climate crisis that continues.”

Whats Next

The various committees of Congress must draw up the corresponding reform projects, which will be discussed separately, integrating amendments from both parties, then they will also be voted separately.

In the drafting of the final plan, an immigration project could be integrated, but it is not clear whether it will be the protection against deportation or the modification of the Registry Law, according to sources in Congress.

Although a part of the House wanted to pass the $ 1.2 trillion Infrastructure Law this Thursday – already endorsed in a bipartisan way by the Senate – the members of the Progressive Caucus want both projects to reach the plenary session together.


eldiariony.com

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