American Rescue Plan Has Passed - Biden to Sign Executive Order Hiking Min. Wage to $15/Hour for Federal Contract Workers. . .Polls: "SPEND MORE!"
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a.) Sadly, it's politics. The Democrats agreed on the amount of Trump's infrastructure bill, but disagreed on how to fund it, which is why they supposedly rejected it. There was "talk" Pelosi and Schumer were considering rejecting any infrastructure bill just to hurt Trump's economy/chances of reelection. Who knows . . .I expect the GOP to return the favor toward Biden's infrastructure bill(s) as pay back and partisan politics. In the "old days," people reached across the aisle, but that's sadly changed in recent years.
My, how quickly people forget here! In their willingness to wipe a previous president out of sight and out of mind, some people might have lost their minds! When Trump was POTUS, a similarly expensive infrastructure bill had passed the House with an added amount!
b.) Related to that last point, did you all know that the Senate filibuster has historically been used an average of ONCE a year. After Obama/Biden were elected, it was used an average of 80x/year throughout their entire terms in office. ...That's some obstruction!
c.) It's unclear whether or not infrastructure can be passed via reconciliation (bypassing filibusters), but there may be a case for categorizing it as part of "emergency" economic spending measures. This is the latest "Child & Families" bill being proposed: story: [www.cnbc.com]
Paid for, in part, by reversing some of those Trump tax cuts for the ultra rich. Yes, please!
Biden will unveil the massive new package less than a month after the White House put forward a sweeping proposal to spend more than $2 trillion over eight years on infrastructure and other projects. Together, the plans comprise the Biden administration’s vision to overhaul the U.S. economy as the nation seeks to recover from, and look beyond, the coronavirus pandemic. . .
Here’s some of what the new plan calls for:
$225 billion toward high-quality childcare and ensuring families pay only a portion of their income toward childcare services, based on a sliding scale
$225 billion to create a national comprehensive paid family and medical leave program
$200 billion for free universal pre-school for all three- and four-year-olds, offered through a national partnership with states
$109 billion toward ensuring two years of free community college for all students
About $85 billion toward Pell Grants, and increasing the maximum award by about $1,400 for low-income students
A $62 billion grant program to increase college retention and completion rates
A $39 billion program that gives two years of subsidized tuition for students from families earning less than $125,000 enrolled in a four-year historically black college or university, tribal college or university, or minority-serving institution
$45 billion toward meeting child nutritional needs, including by expanding access to the summer EBT program
$200 billion to make permanent the $1.9 trillion Covid stimulus plan’s provision lowering health insurance premiums for those who buy coverage on their own
Extending through 2025, and making permanently fully refundable, the Child Tax Credit expansion that was included in the Covid relief bill
Making permanent the recent expansion of the Child and Dependent Care Tax Credit
Making permanent the Earned Income Tax Credit for childless workers
This is separate from the $1.9-2 trillion infrastructure bill, as noted.Edited 2 time(s). Last edit at 04/28/2021 10:24AM by shoptastic.
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