November 28, 2022

519 Magazine

Complete News World

The House of Representatives on Friday voted in favor of President Joe Biden’s ambitious plan

The lower house will meet this Friday at 8:00 am to begin the debate and vote on the bill. Built Back Better Act. The newspaper said a referendum would be held to approve the bilateral infrastructure bill. Mountain Citing sources familiar with the project.

If the plan is approved, what It now costs $ 1.85 billion (Trillions), which will become a dramatic political achievement after several weeks of pushing and pulling with conservative Democrats reluctant to support a bill cut from the original $ 4.5 trillion proposed by Biden.

During Thursday, White House officials made a series of phone calls to confirm support for the plan, which was signed by the president.

White House “in a hurry” to approve Biden’s plans

“The president is very clear, he wants to move this,” said Deputy Chief of Staff Karen Jean-Pierre from the White House.

“There’s a rush,” Jean-Pierre insisted.

The approval of the House of Representatives is an important step in sending Senate Pitton to the ambitious endeavor. Expand hygiene, The Child care and other social services Provides countless Americans and the nation’s largest investment in the fight against climate change.

House Speaker Nancy Pelosi worked to increase the vote late Thursday.

The strategy is to pass a potentially strong bill in the lower house and then pass it Let the Senate fix or remove parts that its members do not approve of.

Manjin, the definitive vote on flowing projects

The situation is worse in the Senate, which is divided into 50 Democrats and 50 Republicans, and the Democratic majority relies solely on the votes of Vice President Kamala Harris.

In that event, the fate of the project lies with Democratic Senator Joe Munchin of West Virginia, who has so far refused to approve them.

Due to a weak democratic majority in the Senate, Mancin has almost no veto power over these bills.

On Thursday morning he reiterated his concerns about the impact on US public debt and inflation.

In an interview with CNN, Mancin accused one of the country’s poorest states of “frightening people with rising prices of petrol, food and public services”.

Most Americans agree with Biden’s plans, polls show, and a Moody’s study released on Thursday estimates they could create 1.5 million jobs in 10 years.

Small but compelling set

At half the size of Fiden’s $ 3.5 trillion starter package, the now-expanding 2,135 – page bill, though smaller than usual, has won over most progressive Democrats. But among them the centralist and financially conservative Democrats continued to raise objections.

In general, the set It has been far more far-sighted than any other in decades. Republicans are totally opposed to Biden’s bill, known as the “Rebuild Better Act”, following the 2020 presidential campaign slogan.

The larger package will serve a greater number of Americans Health care, assistance in paying parents And caring for the elderly at home.

Medicare will have a new hearing aid for older Americans, and Medicare Part D holders can see their out-of-pocket prescription drug costs as high as $ 2,000.

The package will provide about $ 555 billion in tax breaks to promote clean energy and electric vehicles, the nation’s biggest commitment to tackling climate change.

With a series of delayed adjustments, Democrats have added key rules in recent days New Paid Family Vacation Plan, Work Permit for Immigrants And Changes in state and local tax breaks.

Most affluent Americans will be compensated by higher taxes on those earning more than $ 400,000 a year, and those earning more than $ 10 million a year will receive an additional 5% fee. Large corporations will face a new minimum tax of 15% in an effort to prevent large corporations from claiming as many exemptions as they pay zero on taxes.