Do you prefer direct links to content? Check out our brand new sister site at Uncanceled.news.
Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer speak during the Bill Enrollment for the American Rescue Plan Act ceremony after the House Chamber voted on the final revised legislation of the $1.9 trillion Covid-19 relief plan, at the US Capitol in Washington, on March 10, 2021. (OLIVIER DOULIERY/AFP via Getty Images) At a weekly press conference Thursday, Speaker of the House Nancy Pelosi (D-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.), joined by Treasury Secretary Janet Yellen, announced that the White House, the House, and the Senate had negotiated a “framework” to pay for the $3.5 trillion Build Back Better Act.
Opening the conference, Schumer said: “The White House, the House, and the Senate have reached agreement on a framework that will pay for any final negotiated agreement. So the revenue side of this, we have an agreement.” He clarified that they have “an agreement of a framework.”
The announcement represents a huge step forward for the bill, which has been bogged down in intra-party disputes since its introduction. Many of these disputes have centered around the economic impact of the bill.
In the upper chamber, moderate Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.) had each expressed opposition to the bill’s cost rather than its contents.
In a Wall Street Journal opinion article , Manchin emphasized that he was not totally unwilling to support the legislation. Rather, he said that Democrats should take a “strategic pause” to consider the long-term effects of the bill.
Among these concerns was a strong hesitance to pass new legislation that would increase already rising inflation.
“I, for one, won’t support a $3.5 trillion bill, or anywhere near that level of additional spending, without greater clarity about why Congress chooses to ignore the serious effects inflation and debt have on existing government programs,” Manchin wrote.
A spokesman for Sinema said simply that the senator “will not support a $3.5 trillion bill.”
Under the reconciliation process being used to jam the bill through the Senate, the budget can be passed without any Republican support—but Democratic support must be unanimous. Appealing to these Senate moderates has long been […]
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC