WASHINGTON – President Biden will travel to his childhood city of Scranton, Pennsylvania on Wednesday to speak out for the economic, environmental, and social policies that Congressional Democrats are cutting back in hopes of reaching a deal to pass legislation this fall. …
The visit came when Mr Biden admitted that key elements of his proposal are likely to be dropped or substantially scaled back to fit well below the original $ 3.5 trillion plan that Democrats charted this summer.
At a White House meeting on Tuesday, the president reiterated that the total price would be around $ 2 trillion and suggested that it could be as low as $ 1.75 trillion, two people familiar with the private discussion said, who disclosed the details on condition of anonymity. … They also warned that the details are still unclear. In recent days, Mr. Biden has proposed spending $ 1.9 to $ 2.2 trillion over 10 years.
During his visit to Scranton, Mr. Biden will speak at the Electric City Trolley Museum, where he will talk about his work upbringing and how it influenced his values and the policies he pursued in office.
Mr. Biden is mediating negotiations between moderate and progressive Democrats on how to scale back his plans for climate change, education, childcare, paid leave, home care for older Americans and Americans with disabilities, and a range of efforts. the fight against poverty, all taken together. in the bill, party leaders hope to stick to the party line in the coming weeks. The agreement on this bill, in turn, could lead to the progressive in the House of Representatives to vote on a separate bill on investments in roads, bridges, broadband, water supply and other physical infrastructure, which has already been approved by the Senate with the support of both parties.
The President and Congress leaders hope to finalize the deal by the end of the week.
Democrats are expected to backtrack on one of Mr Biden’s favorite campaign promises as part of spending cuts: a plan to offer every American two years of free college. They will also likely abandon what was central to his climate plan: a clean electricity program designed to quickly replace coal and gas power plants, opposed by Senator Joe Manchin III of West Virginia.
Oct 20, 2021 10:34 AM ET
Instead, Democrats are discussing spending up to $ 150 billion on additional tax breaks for solar and nuclear power and capturing carbon emissions from fossil-fueled power plants, as well as grants and loans to stimulate emission reductions in steel, concrete and other materials. industrial use, hoping to keep the United States on track to meet its international commitment to reduce greenhouse gas emissions.
Democrats could also cut the increase in monthly payments to families with children, potentially extending the expansion by one year, while making some of the benefits for the poorest American families permanent.
Senator Chuck Schumer of New York, the Majority Leader, said Wednesday that he, Mr. Biden and Speaker Nancy Pelosi of California will speak later in the morning on the latest details of the plan.
“Members are in a position where they want to do something – they understand you have to get everyone in a tent because we have very tight boundaries,” Maryland State Representative Steny H. Hoyer, Majority Leader, told reporters. when asked about an offer at a lower cost. “So I think they’ll accommodate that.”
Leaving a caucus on Wednesday morning, some Democrats appear to be most concerned about the prospect of limiting the extended child tax credit to another year. Democrats hoped to extend their monthly payments until 2024 or 2025.
“I think this is a big mistake – a one-year extension is a big mistake,” spokeswoman Rosa DeLauro, a Connecticut Democrat and proponent of the proposal, said Wednesday morning. “And I think this is not good, not good for the country, I will continue to insist on a new structure that is more sustainable for children and families.”