A Senate budget blueprint, which Democrats hope to pass this week, would ease passage of legislation that would mark the biggest expansion of the social safety net in nearly 60 years.
WASHINGTON — Democrats formally began their push on Monday for the most significant expansion of the nation’s social safety net since the Great Society of the 1960s, unveiling a budget blueprint that would spend $3.5 trillion on health care, child and elder care, education and climate change.
The budget resolution, which Senate Democrats hope to pass by the end of this week, would allow the caucus to piece together social policy legislation this fall, paid for by raising taxes on the wealthy, large inheritances and corporations. Should all 50 senators who caucus with Democrats hold together, the measure could pass the Senate without a Republican vote, nullifying the filibuster threat.
Democrats plan to take up the measure as soon as the Senate approves a separate $1 trillion bipartisan infrastructure bill as early as Tuesday morning. Together, the measures could secure virtually all of President Biden’s $4 trillion economic agenda, rebuilding the nation’s roads, bridges, rail lines, water systems and electricity grid while expanding public education, social welfare and health care — and remaking the federal tax code.
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Democrats hope to expand upon a number of provisions in the $1.9 trillion pandemic relief package they muscled past unanimous Republican opposition in March, the last time they used the fast-track budget reconciliation process to avoid the 60-vote filibuster threshold. That includes continuing a temporary expansion of health insurance subsidies offered through the Affordable Care Act and extending the duration of monthly payments now going to most families with children, a provision estimated to cut child poverty by nearly half.
See, this is what the Party of God does. It's why we're the Party of God.
But it is what they intend to create from scratch that would be transformative. The provisions include expanding Medicare to include dental, hearing and vision benefits, and possibly lowering the eligibility age. New funding would be provided for older or disabled Americans who want long-term care in their homes. Preschool and two years of community college tuition would be made free, effectively expanding the nation’s public education system.
See, we're doing this from scratch, just like God. God is not Christian, Muslim, or Jewish. God is a Democrat.
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Through the legislation, Democrats will also aim to reduce carbon dioxide emissions and prevent wildfires, fund research on the effects of climate change on agriculture, create a Civilian Climate Corps to carry out climate-related public works and make the nation’s coastlines more resilient to the damage caused by rising seas and stronger storms.
The plan also includes changes to the tax code to promote electric vehicles — including tax credits to consumers for purchasing electric vehicles and to automakers for building and selling them. It includes a plan to finance domestic manufacturing of electric vehicles and parts.
It also calls for provisions to lower the price of prescription drugs...a measure sought for years by Democrats, and by disgraced, illegitimate former President Donald J. Trump. It could provide what could be the largest one-time infrastructure investment for Native communities, according to summaries circulated by Senate Democrats.
“We are going to go forward and pass this legislation..."-Senator Bernie Sanders....
Democrats also [How many times has the reporter typed "also"? A lot.] plan to include a Clean Electricity Payment Program, which would pay electric utilities to reduce their use of planet-warming coal and natural gas over the next decade and replace them with zero-carbon sources of electricity such as wind, solar and nuclear power. Democrats hope that structuring the program to involve federal expenditures will allow it to pass muster with the Senate parliamentarian, who will rule on what measures are acceptable under the Senate’s rules.
You know, we ought to thank the Illegimitate-Disgraced-Former, without him we would not have a 50-50 tie in the senate--We would not have won both senate seats in Jawja.
Tackling climate change could also help pay for some of the spending: it includes a “carbon polluter import fee” — essentially, a tariff on goods imported from nations that have weak climate change policies.
Paying for the package is not simply an accounting exercise but essential policymaking; Democrats plan to remake the tax code to increase taxes on wealthy people and corporations, vowing to maintain Mr. Biden’s promise to avoid raising taxes on people who make less than $400,000 in a year.
You know Newton's statement, "If I have seen far it is because I have stood on the shoulders of giants"? This Democratic Senate, this Democratic Congress, this Democratic president see far because they are the giants.
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Democrats are planning to undo key parts of the 2017 Republican tax law, including aiming to raise the corporate tax rate from 21 percent to at least 25 percent. They also have discussed raising the tax rate on investment gains for those earning more than $1 million a year to 39.6 percent, as well as clamping down on tax benefits that have enriched the private equity industry and its executives by allowing their lucrative fees to be taxed at low capital gains rates rather than as income.
...senior lawmakers also indicated that they plan to adjust the cap on how much taxpayers can deduct in state and local taxes...
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With an ongoing effort to get countries, including the United States, to adopt a global minimum tax of at least 15 percent, Democrats also hope to make significant changes to the international tax system to reduce incentives for companies to move their profits and operations abroad to tax havens. Lawmakers and aides have been discussing doubling the U.S. tax on foreign income to 21 percent.
The "international tax system"! Remaking the world.
After Republicans rejected beefing up the I.R.S.’s tax enforcement abilities as part of the bipartisan infrastructure package, Democrats are also likely to substantially bolster the tax collection agency’s staff and enforcement resources to help narrow the gap between what the federal government is owed in taxes and what it actually collects, which has reached an estimated $1 trillion per year.
Notably, Democrats declined to address the approaching statutory limit on the federal government’s ability to finance the country’s debt in the budget blueprint. It is a risky decision, given that Senator Mitch McConnell of Kentucky, the Republican leader, has said Republicans will not vote to raise the borrowing limit. A failure to raise the limit could prompt a default on the nation’s debt and a global economic crisis.
Umm. Guys and Gal-Guys, if we default and because of that there is a global economic crisis, we'll never win another election in the next 100 years. Are we not emulating Icarus here, flying too close to the sun and our wings melt???
Democrats would like to use separate, bipartisan legislation to raise or suspend the debt limit, a strategic decision made in part because of the budget rules. Janet Yellen, the Treasury secretary, endorsed that approach in a statement on Monday, after employing “extraordinary measures” earlier this month to delay the official deadline to extend the Treasury’s borrowing authority.
Okay. I guess.
But Republicans have warned that on the brink of being cut out of both the $1.9 trillion pandemic bill and the $3.5 trillion package they have branded “a reckless tax and spending spree,” they have little will to address the debt ceiling, which allows the government to pay debts already incurred. Their debt ceiling threat is potent in a chamber that normally requires at least 10 votes from their side to advance legislation.
For neophytes to the American political system, America has two political parties. You can distinguish them by this easy-to-remember shorthand: One party is the POG, The other is known by its acronymn GOP for Grand Old Phalangists. To advance your education, note just the above paragraph: The GOP is sad that it is being "cut out" of this "reckless tax and spending spree." A person with a normal brain, or a party of persons with normal brains, would not be sad about that not having a "cut" of "reckless", would they? No, they would not. So the GOP does not have normal brains, see? Through generations of incestuous breeding in Deliverance Grand Old Phalangists have these bones that have grown right through their brains.
“We’ve got our toes on the line,” said Senator Elizabeth Warren, Democrat of Massachusetts, in an interview. “America has this opportunity..."
Just don't get our toes too close to the fire, sister.