President Biden Announces the Build Back Better Framework
President Biden Announces the Build Back Better Framework
"...
Specifically, the Build Back Better framework will:
Deliver substantial consumer rebates and ensure middle class families save money as they shift to clean energy and electrification. The consumer rebates and credits included in the Build Back Better framework will save the average American family hundreds of dollars per year in energy costs. These measures include enhancement and expansion of existing home energy and efficiency tax credits, as well as the creation of a new, electrification-focused rebate program. The framework will cut the cost of installing rooftop solar for a home by around 30 percent, shortening the payback period by around 5 years; and the framework’s electric vehicle tax credit will lower the cost of an electric vehicle that is made in America with American materials and union labor by $12,500 for a middle-class family. In addition, the framework will help rural communities tap into the clean energy opportunity through targeted grants and loans through the Department of Agriculture.
Ensure clean energy technology – from wind turbine blades to solar panels to electric cars – will be built in the United States with American made steel and other materials, creating hundreds of thousands of good jobs here at home. The Build Back Better legislation will target incentives to grow domestic supply chains in solar, wind, and other critical industries in communities on the frontlines of the energy transition. In addition, the framework will boost the competitiveness of existing industries, like steel, cement, and aluminum, through grants, loans, tax credits, and procurement to drive capital investment in the decarbonization and revitalization of American manufacturing.
Advance environmental justice through a new Clean Energy and Sustainability Accelerator that will invest in projects around the country, while delivering 40% of the benefits of investment to disadvantaged communities, as part of the President’s Justice40 initiative. The framework will also fund port electrification; facilitate the deployment of cleaner transit, buses, and trucks; and support critical community capacity building, including grants to environmental justice communities. In addition, the framework will create a new Civilian Climate Corps – with over 300,000 members that look like America. This diverse new workforce will conserve our public lands, bolster community resilience, and address the changing climate, all while putting good-paying union jobs within reach for more Americans.
..."
https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/28/president-biden-announces-the-build-back-better-framework/
OCTOBER 28, 2021
______________________
PRINT 17
RULES COMMITTEE PRINT 117–17
TEXT OF H.R. 5376, BUILD BACK BETTER ACT
[Showing the text of H.R. 5376, as reported by the Committee]
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-17.pdf
OCTOBER 29, 2021
SIDE 1320 -> SIDE 1321
______________________
PRINT 18 - SENESTE
RULES COMMITTEE PRINT 117–18
TEXT OF H.R. 5376, BUILD BACK BETTER ACT
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-18.pdf
NOVEMBER 3, 2021
SIDE 1561 -> SIDE 1562
"
..
‘‘SEC. 45AA. ADVANCED MANUFACTURING PRODUCTION CREDIT.
‘‘(a) IN GENERAL.—
‘‘(1) ALLOWANCE OF CREDIT.—For purposes of section 38, the advanced manufacturing production credit for any taxable year is an amount equal to the sum of the credit amounts determined under sub13 section (b) with respect to each eligible component which is— ‘
‘(A) produced by such taxpayer, and
‘‘(B) during the taxable year, sold by the taxpayer to an unrelated person. ‘‘
(2) PRODUCTION AND SALE MUST BE IN TRADE OR BUSINESS.—Any eligible component pro20 duced and sold by the taxpayer shall be taken into account only if the production and sale described in paragraph (1) is in a trade or business of the tax23 payer. ‘‘(3) UNRELATED PERSON.—For purposes of this subsection, a taxpayer shall be treated as selling components to an unrelated person if such compo nent is sold to such person by a person related to the taxpayer.
‘‘(b) CREDIT AMOUNT.—
‘‘(1) IN GENERAL.—Subject to paragraph (3), the amount determined under this subsection with respect to any eligible component, including any eli gible component it incorporates, shall be equal to—
...
‘‘(C) in the case of solar grade polysilicon, $3 per kilogram,
"
___________________
Preliminary Estimates Show Build Back Better Legislation Will Reduce Deficits
https://home.treasury.gov/news/featured-stories/preliminary-estimates-show-build-back-better-legislation-will-reduce-deficits
NOVEMBER 4, 2021
"
The Build Back Better Act invests meaningfully in American families and workers, while laying the foundation for meeting imperative climate goals. When the President released the Build Back Better framework last week, he proposed $2 trillion in savings that would more than pay for the critical investments in the legislation – and in fact generate net deficit reduction. With the release of the text of the Build Back Better Act in the House and scoring from the Joint Committee on Taxation, we can update the estimate of fiscal savings.
The legislation would, as the President proposed, generate more than $2 trillion in savings. These savings come from ensuring large multinational corporations and wealthy Americans pay their fair share and reducing the cost of prescription drugs. These provisions will not raise taxes on any taxpayer making less than $400,000.
The table below includes the latest estimates by the Joint Committee on Taxation, Congressional Budget Office, and the Treasury Department of the revenue raising and savings provisions in the bill. The bottom line is that the Build Back Better Act under consideration in the House of Representatives will be fully paid for and reduce the deficit.
...
"
___________________
CONGRESSIONAL BUDGET OFFICE (CBO) ESTIMATES
https://www.cbo.gov/cost-estimates
Estimated Budgetary Effects of Title I, Committee on Agriculture, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57618
NOVEMBER 15, 2021
Estimated Budgetary Effects of Title II, Committee on Education and Labor, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57622
NOVEMBER 17, 2021
Estimated Budgetary Effects of Title III, Committee on Energy and Commerce, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57623
NOVEMBER 18, 2021
Estimated Budgetary Effects of Title IV, Committee on Financial Services, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57619
NOVEMBER 15, 2021
Estimated Budgetary Effects of Title IV, Committee on Banking, Housing, and Urban Affairs, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57681
DECEMBER 8, 2021
Estimated Budgetary Effects of Title V, Committee on Homeland Security, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57607
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title VI, Committee on the Judiciary, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57625
NOVEMBER 18, 2021
Estimated Budgetary Effects of Title VII, Committee on Natural Resources, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57621
NOVEMBER 17, 2021
Estimated Budgetary Effects of Title VIII, Committee on Oversight and Reform, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57611
NOVEMBER 12, 2021
Estimated Budgetary Effects of Title VIII, Committee on Commerce, Science, and Transportation, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57678
DECEMBER 8, 2021
Estimated Budgetary Effects of Title IX, Committee on Science, Space, and Technology, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57608
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title X, Committee on Small Business, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57605
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title X, Committee on Small Business and Entrepreneurship, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57680
DECEMBER 8, 2021
Estimated Budgetary Effects of Title XI, Committee on Transportation and Infrastructure, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57490
NOVEMBER 12, 2021
Estimated Budgetary Effects of Title XI, Committee on Veterans’ Affairs, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57679
DECEMBER 8, 2021
Estimated Budgetary Effects of Title XII, Committee on Veterans Affairs, H.R. 5376, Build Back Better Act
https://www.cbo.gov/publication/57604
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title XIII, Committee on Ways and Means, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57626
NOVEMBER 18, 2021
"...
Specifically, the Build Back Better framework will:
Deliver substantial consumer rebates and ensure middle class families save money as they shift to clean energy and electrification. The consumer rebates and credits included in the Build Back Better framework will save the average American family hundreds of dollars per year in energy costs. These measures include enhancement and expansion of existing home energy and efficiency tax credits, as well as the creation of a new, electrification-focused rebate program. The framework will cut the cost of installing rooftop solar for a home by around 30 percent, shortening the payback period by around 5 years; and the framework’s electric vehicle tax credit will lower the cost of an electric vehicle that is made in America with American materials and union labor by $12,500 for a middle-class family. In addition, the framework will help rural communities tap into the clean energy opportunity through targeted grants and loans through the Department of Agriculture.
Ensure clean energy technology – from wind turbine blades to solar panels to electric cars – will be built in the United States with American made steel and other materials, creating hundreds of thousands of good jobs here at home. The Build Back Better legislation will target incentives to grow domestic supply chains in solar, wind, and other critical industries in communities on the frontlines of the energy transition. In addition, the framework will boost the competitiveness of existing industries, like steel, cement, and aluminum, through grants, loans, tax credits, and procurement to drive capital investment in the decarbonization and revitalization of American manufacturing.
Advance environmental justice through a new Clean Energy and Sustainability Accelerator that will invest in projects around the country, while delivering 40% of the benefits of investment to disadvantaged communities, as part of the President’s Justice40 initiative. The framework will also fund port electrification; facilitate the deployment of cleaner transit, buses, and trucks; and support critical community capacity building, including grants to environmental justice communities. In addition, the framework will create a new Civilian Climate Corps – with over 300,000 members that look like America. This diverse new workforce will conserve our public lands, bolster community resilience, and address the changing climate, all while putting good-paying union jobs within reach for more Americans.
..."
https://www.whitehouse.gov/briefing-room/statements-releases/2021/10/28/president-biden-announces-the-build-back-better-framework/
OCTOBER 28, 2021
______________________
PRINT 17
RULES COMMITTEE PRINT 117–17
TEXT OF H.R. 5376, BUILD BACK BETTER ACT
[Showing the text of H.R. 5376, as reported by the Committee]
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-17.pdf
OCTOBER 29, 2021
SIDE 1320 -> SIDE 1321
______________________
PRINT 18 - SENESTE
RULES COMMITTEE PRINT 117–18
TEXT OF H.R. 5376, BUILD BACK BETTER ACT
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-18.pdf
NOVEMBER 3, 2021
SIDE 1561 -> SIDE 1562
"
..
‘‘SEC. 45AA. ADVANCED MANUFACTURING PRODUCTION CREDIT.
‘‘(a) IN GENERAL.—
‘‘(1) ALLOWANCE OF CREDIT.—For purposes of section 38, the advanced manufacturing production credit for any taxable year is an amount equal to the sum of the credit amounts determined under sub13 section (b) with respect to each eligible component which is— ‘
‘(A) produced by such taxpayer, and
‘‘(B) during the taxable year, sold by the taxpayer to an unrelated person. ‘‘
(2) PRODUCTION AND SALE MUST BE IN TRADE OR BUSINESS.—Any eligible component pro20 duced and sold by the taxpayer shall be taken into account only if the production and sale described in paragraph (1) is in a trade or business of the tax23 payer. ‘‘(3) UNRELATED PERSON.—For purposes of this subsection, a taxpayer shall be treated as selling components to an unrelated person if such compo nent is sold to such person by a person related to the taxpayer.
‘‘(b) CREDIT AMOUNT.—
‘‘(1) IN GENERAL.—Subject to paragraph (3), the amount determined under this subsection with respect to any eligible component, including any eli gible component it incorporates, shall be equal to—
...
‘‘(C) in the case of solar grade polysilicon, $3 per kilogram,
"
___________________
Preliminary Estimates Show Build Back Better Legislation Will Reduce Deficits
https://home.treasury.gov/news/featured-stories/preliminary-estimates-show-build-back-better-legislation-will-reduce-deficits
NOVEMBER 4, 2021
"
The Build Back Better Act invests meaningfully in American families and workers, while laying the foundation for meeting imperative climate goals. When the President released the Build Back Better framework last week, he proposed $2 trillion in savings that would more than pay for the critical investments in the legislation – and in fact generate net deficit reduction. With the release of the text of the Build Back Better Act in the House and scoring from the Joint Committee on Taxation, we can update the estimate of fiscal savings.
The legislation would, as the President proposed, generate more than $2 trillion in savings. These savings come from ensuring large multinational corporations and wealthy Americans pay their fair share and reducing the cost of prescription drugs. These provisions will not raise taxes on any taxpayer making less than $400,000.
The table below includes the latest estimates by the Joint Committee on Taxation, Congressional Budget Office, and the Treasury Department of the revenue raising and savings provisions in the bill. The bottom line is that the Build Back Better Act under consideration in the House of Representatives will be fully paid for and reduce the deficit.
...
"
___________________
CONGRESSIONAL BUDGET OFFICE (CBO) ESTIMATES
https://www.cbo.gov/cost-estimates
Estimated Budgetary Effects of Title I, Committee on Agriculture, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57618
NOVEMBER 15, 2021
Estimated Budgetary Effects of Title II, Committee on Education and Labor, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57622
NOVEMBER 17, 2021
Estimated Budgetary Effects of Title III, Committee on Energy and Commerce, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57623
NOVEMBER 18, 2021
https://www.cbo.gov/publication/57619
NOVEMBER 15, 2021
Estimated Budgetary Effects of Title IV, Committee on Banking, Housing, and Urban Affairs, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57681
DECEMBER 8, 2021
Estimated Budgetary Effects of Title V, Committee on Homeland Security, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57607
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title VI, Committee on the Judiciary, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57625
NOVEMBER 18, 2021
Estimated Budgetary Effects of Title VII, Committee on Natural Resources, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57621
NOVEMBER 17, 2021
https://www.cbo.gov/publication/57611
NOVEMBER 12, 2021
Estimated Budgetary Effects of Title VIII, Committee on Commerce, Science, and Transportation, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57678
DECEMBER 8, 2021
Estimated Budgetary Effects of Title IX, Committee on Science, Space, and Technology, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57608
NOVEMBER 10, 2021
https://www.cbo.gov/publication/57605
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title X, Committee on Small Business and Entrepreneurship, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57680
DECEMBER 8, 2021
https://www.cbo.gov/publication/57490
NOVEMBER 12, 2021
Estimated Budgetary Effects of Title XI, Committee on Veterans’ Affairs, for the Senate Amendment to H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57679
DECEMBER 8, 2021
Estimated Budgetary Effects of Title XII, Committee on Veterans Affairs, H.R. 5376, Build Back Better Act
https://www.cbo.gov/publication/57604
NOVEMBER 10, 2021
Estimated Budgetary Effects of Title XIII, Committee on Ways and Means, H.R. 5376, the Build Back Better Act
https://www.cbo.gov/publication/57626
NOVEMBER 18, 2021
Redigert 09.12.2021 kl 20:27
Du må logge inn for å svare
omac
16.12.2021 kl 16:40
8285
Ja vi skal gjerne langt ned om meldinger uteblir fremover, men som andre sier, REC aksjonærer har god tid. Noen har ventet i tiår
Smaug
16.12.2021 kl 16:42
8258
Overraskende svak dag. Flere som er avventende med tanke på mulig forsinkelsen av BBB....
Opportunist1
16.12.2021 kl 18:17
7996
Snakk om selektiv hukommelse. Har du allerede glemt gårsdagen? Børsen ned 1%, REC opp 1,5%.
BBB forsinkelsen har ligget i kortene en stund. Har mer tro på at det er markedsfrykt. Pengetrykkingen setter JP en stopper for, rentene går opp. Blir sjeldent fest i aksjemarkedet for selskaper uten inntjening og gode overskudd av slikt.
Redigert 16.12.2021 kl 18:25
Du må logge inn for å svare
Opportunist1 skrev Enig. En rente på rundt 8-9% bør de klare å få.
Når lånet forfaller i 2023 er EUs taksonomi allerede vært innført et drøyt år. Grønne lån vil få helt andre betingelser enn i dag.
Jeg har vel ikke sagt noe om når de skal betale den. Pengene kan jo stå på konto frem til da uten nevneverdige problemer.
Opportunist1
16.12.2021 kl 19:55
7620
Obligasjonsmarkedet kjenner jeg litt til. ESG investorer skal også ha sin avkastning. De siste 5 årene har det vært mulig å ta opp ESG lån, men betingelser har vært de samme som ved andre kommersielle lån. Eneste forskjellen tror jeg blir at enkelte lån blir stengt for selskaper som ikke tilfredsstiller taksonomi kravene. Billigere blir lånene ikke.
Bond
16.12.2021 kl 20:02
7664
Spørsmålet er ikke bare om BBB blir forsinket til 2022, men heller om hele korthuset kommer til å kollapse?
https://thehill.com/homenews/senate/586147-bidens-build-back-better-bill-suddenly-in-serious-danger
//Bond
https://thehill.com/homenews/senate/586147-bidens-build-back-better-bill-suddenly-in-serious-danger
//Bond
Han får vel klekkelig godt betalt for dette Manchin. Spørsmålet nå er hva neste trekk fra Biden blir.
omac
16.12.2021 kl 20:06
7823
Ja og jeg husker 21 for noen uker siden, og 23 for noen måneder siden. Mye å huske
manman01
16.12.2021 kl 20:16
7741
Selv hvis BBB bliver skrottet, står SEMA stadig som en mulighed. Lovgivningen er blot blevet forhandlet med i pakken.
https://finansavisen.no/forum/thread/136379/view/0/0?page=1
https://finansavisen.no/forum/thread/136379/view/0/0?page=1
Opportunist1
16.12.2021 kl 21:25
7501
Det er det. Kjempemye. 10 kroner for et år siden, 4 kroner for 16 måneder siden. Vanskelig det her - så mye å huske.
omac
16.12.2021 kl 21:38
7399
13 kroner for ett år siden, 20 kroner 20 desember 2020. Tiden flyr når vi mimrer.
Opportunist1
16.12.2021 kl 21:52
7287
…. og 14 for 2 måneder siden, 16 for en måned siden. Vi kan fortsette konkurransen vår i det uendelige, men det blir for dumt. Fakta er at REC har gått fra 3,50 til 18 de siste 18 måneder. Skjønner at du er grinete hvis du kjøpte deg inn på over 20. Jeg kjøpte på 3,50 så jeg er happy 🤷♂️🤷♂️
Smaug
16.12.2021 kl 22:28
7068
Uavhengig av hva kursen var for 12 mnd siden, er idag eller i morgen så er framtidsutsiktene nå en helt annen for selskapet enn det den var for 12 mnd siden.
2 milliarder på bok. 2 store og sterke industrielle eiere. Ryddet opp i all gammel moro. USA vil satse stort på egen verdikjede for fornybar energi, og ikke minst ny lov som forbyr import av varer fra slavearbeid i Kina som trer i kraft om 6 mnd.
At kursen på tross av alt dette surrer på samme nivå som for 12 mnd siden er ganske utrolig i mine øyne.
JA ting tar tid men det et allikevel ingen tvil om hva som vil skje i tiden som kommer. Jeg er også ganske sikker på at det er planlagt større ting enn kun oppstart av ML. Røkke er en mester i allianser og industribygging. Vi har my spennende i vente😊
2 milliarder på bok. 2 store og sterke industrielle eiere. Ryddet opp i all gammel moro. USA vil satse stort på egen verdikjede for fornybar energi, og ikke minst ny lov som forbyr import av varer fra slavearbeid i Kina som trer i kraft om 6 mnd.
At kursen på tross av alt dette surrer på samme nivå som for 12 mnd siden er ganske utrolig i mine øyne.
JA ting tar tid men det et allikevel ingen tvil om hva som vil skje i tiden som kommer. Jeg er også ganske sikker på at det er planlagt større ting enn kun oppstart av ML. Røkke er en mester i allianser og industribygging. Vi har my spennende i vente😊
Nsxnsx
16.12.2021 kl 23:31
6807
Manchin er blitt en større fiende for demokratene en en hvilken som helst republikaner. Han alene sørger for at det blir tap ved neste valg. Det er det de må få frem for å presse han. Om ikke det går må Biden gi han sparken 😉👍
Redigert 16.12.2021 kl 23:32
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Senatorer er folkevalgt. Hvordan har du tenkt at Biden skal sparke en folkevalgt senator?
Politikk sirkuset fortsetter , er enda lov å håpe
https://mobile.twitter.com/potus
Biden er ivrig og bestemt
Kan snu raskt, eller så blir den utsatt...
Med tanke på de skal kutte ut xinjang, der hvor 50% av verdens poly og store deler av pv, må sema act igjennom på noen måte uansett ,RASKT!
https://mobile.twitter.com/potus
Biden er ivrig og bestemt
Kan snu raskt, eller så blir den utsatt...
Med tanke på de skal kutte ut xinjang, der hvor 50% av verdens poly og store deler av pv, må sema act igjennom på noen måte uansett ,RASKT!
Manchini ser ut å være på en ego powertrip . De burde finne en løsning på å utmanøvrere han .Han har hatt nok med tid å sette seg inn i bbb men han endrer seg bestandig , slik kan det ikke fortsette. .
Redigert 17.12.2021 kl 04:21
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Rule
17.12.2021 kl 04:47
6616
Slettet brukerskrev Rart at en person kan holde en nasjon som gissel . Usa trenger BBB ….
det er jo en hel verden den store kraft idioten holder som gidsel. Manchin beskytter kul og olie industri og verden går under. Flot ! ! !
MorganKane
17.12.2021 kl 08:13
6219
Tja,
Jeg synes ærlig talt at demokratene er naive. De har redusert budsjettet til under 2 trillioner dollar ved å kutte ned antall år for hver enkelt tjeneste, ikke antall tjenester. Dermed, isteden for 3 trillioner (som var den opprinnelige planen) på 10 år så har de nå riktignok kommet ned til under 2trillionerr, men nesten alt av dette brukes opp i løpet av de 5 første årene (for å si det litt enkelt). Dermed har ikke planen per år, de 5 første årene, blitt redusert. Og når Manchin har vært så klar som han har vært synes jeg det er rart at demokratene prøver å snikinnføre diverse støtteprogrammer stykkevis og delt. For at det skal bli enighet må ting tas helt ut av planen. Mens resten blir i hele tiårsperioden. Enkelt og greit.
Når det er sagt, kikk på G14 sine planer går fremover. Alt under 30 er penger på litt sikt, men på kort sikt råder jeg folk til å vente med å øke. Kan godt hende vi skal opp så ikke selg, men å øke er litt usikkert nå. Ha litt i reserve hvis den faller en krone. Alltid kjekt å kjøpe på kortsiktig nedgang.
Jeg synes ærlig talt at demokratene er naive. De har redusert budsjettet til under 2 trillioner dollar ved å kutte ned antall år for hver enkelt tjeneste, ikke antall tjenester. Dermed, isteden for 3 trillioner (som var den opprinnelige planen) på 10 år så har de nå riktignok kommet ned til under 2trillionerr, men nesten alt av dette brukes opp i løpet av de 5 første årene (for å si det litt enkelt). Dermed har ikke planen per år, de 5 første årene, blitt redusert. Og når Manchin har vært så klar som han har vært synes jeg det er rart at demokratene prøver å snikinnføre diverse støtteprogrammer stykkevis og delt. For at det skal bli enighet må ting tas helt ut av planen. Mens resten blir i hele tiårsperioden. Enkelt og greit.
Når det er sagt, kikk på G14 sine planer går fremover. Alt under 30 er penger på litt sikt, men på kort sikt råder jeg folk til å vente med å øke. Kan godt hende vi skal opp så ikke selg, men å øke er litt usikkert nå. Ha litt i reserve hvis den faller en krone. Alltid kjekt å kjøpe på kortsiktig nedgang.
Jeg sliter med å forstå Manchins innvending mot BBB, selv om det prøves forklart i artikkelen under.
Er det noen som kan forklare på en enkel og forståelig måte hva som menes med at han er imot (sitat): «... å inkludere en ettårig forlengelse av den utvidede skattefradraget for barn» i BBB ??
..... Hva det konkret er det mannen ønsker at må endres?
https://thehill.com/homenews/senate/586147-bidens-build-back-better-bill-suddenly-in-serious-danger
Er det noen som kan forklare på en enkel og forståelig måte hva som menes med at han er imot (sitat): «... å inkludere en ettårig forlengelse av den utvidede skattefradraget for barn» i BBB ??
..... Hva det konkret er det mannen ønsker at må endres?
https://thehill.com/homenews/senate/586147-bidens-build-back-better-bill-suddenly-in-serious-danger
MorganKane
17.12.2021 kl 08:25
6148
Når det er sagt så mener jeg jo at alt under 30 er penger på gaten i 3-6 måneders perspektiv. Så litt uenig med meg selv også. Hvis man ikke stresser ved opp mot en mulig 5-10% midlertidig nedgang så er det ingen grunn til å ikke øke nå. Sakte, men sikkert på disse fundamentalt langsiktig lave nivåene..
DjTao
17.12.2021 kl 08:28
6161
Manchin er bekymret for inflasjonen i USA, noe han ikke er alene om. Videre mener Manchin at den reelle kostnaden ved å gi tax kreditts til småbarnsfamilier må vises over 10 år slik resten av BBB gjør. Tax kreditts er en av hjertesakene til de progressive demokratene så de fleste tror at hensikten er å videre føre denne ordningen etter et år.
Manchins poeng da er derfor at ved å kun inkludere tax kreditt for 1 år frem i tid i BBB mener han at de «skjuler» de reelle kostnadene ved denne sosiale ordningen. Altså, prislappen på BBB vil bli langt høyere enn de 1,75 trillioner som det hvite hus nå sier at den vil koste. BBB må da enten finansieres gjennom at USA må ta opp mer gjeld (les trykke mer penger som fører til inflasjon) eller øke skattene eller kutte kostnader.
Sumasumarum ønsker Manchin at alle konsekvensene kommer på bordet og at man har en løsning på hvordan man skal betale for BBB.
Manchins poeng da er derfor at ved å kun inkludere tax kreditt for 1 år frem i tid i BBB mener han at de «skjuler» de reelle kostnadene ved denne sosiale ordningen. Altså, prislappen på BBB vil bli langt høyere enn de 1,75 trillioner som det hvite hus nå sier at den vil koste. BBB må da enten finansieres gjennom at USA må ta opp mer gjeld (les trykke mer penger som fører til inflasjon) eller øke skattene eller kutte kostnader.
Sumasumarum ønsker Manchin at alle konsekvensene kommer på bordet og at man har en løsning på hvordan man skal betale for BBB.
Redigert 17.12.2021 kl 08:31
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Småplukker
17.12.2021 kl 09:17
5783
Korrekt oppsummering DJTao. Men raseriet hos resten av demokratene skyldes nok forståelig nok at Manchin har endret mening på flere punkter som han støttet for få uker siden.
Pluss at det han nå krever av BBB er noe som ikke er standard for lignende budsjettforslag - altså at kostnadene for en tiårsperiode skal synliggjøres i avtalen.
Han virker å ha null problemer med å stikke kjepper i hjulene for sitt eget parti. Når det gjelder nye valglover, som er tvingende nødvendig for å forhindre republikansk rasering av demokratiet, er han også problembarnet.
Når det er sagt, dette vil gå gjennom på et vis. En teknikalitet som dette, hvorvidt kostnader for et av programmene skal regnes for 1 eller ti år, vil ikke kunne stoppe resten av megapakken. Mitt tips: De ender opp med at kostnader for 4 år regnes inn, mens et par andre programmer reduseres noe.
Tålmodighet.
Pluss at det han nå krever av BBB er noe som ikke er standard for lignende budsjettforslag - altså at kostnadene for en tiårsperiode skal synliggjøres i avtalen.
Han virker å ha null problemer med å stikke kjepper i hjulene for sitt eget parti. Når det gjelder nye valglover, som er tvingende nødvendig for å forhindre republikansk rasering av demokratiet, er han også problembarnet.
Når det er sagt, dette vil gå gjennom på et vis. En teknikalitet som dette, hvorvidt kostnader for et av programmene skal regnes for 1 eller ti år, vil ikke kunne stoppe resten av megapakken. Mitt tips: De ender opp med at kostnader for 4 år regnes inn, mens et par andre programmer reduseres noe.
Tålmodighet.
Biden officially acknowledges Build Back Better will miss deadline but says he's 'determined' to see bill on Senate floor 'as early as possible'
https://edition.cnn.com/2021/12/16/politics/biden-build-back-better-miss-deadline-senate/index.html
https://edition.cnn.com/2021/12/16/politics/biden-build-back-better-miss-deadline-senate/index.html
manman01
17.12.2021 kl 11:28
5522
Statement from President Biden on the Build Back Better Act
https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/16/statement-from-the-president-on-the-build-back-better-act/
DECEMBER 16, 2021
"
I had a productive call with Speaker Pelosi and Majority Leader Schumer earlier today. I briefed them on the most recent discussions that my staff and I have held with Senator Manchin about Build Back Better. In these discussions, Senator Manchin has reiterated his support for Build Back Better funding at the level of the framework plan I announced in September. I believe that we will bridge our differences and advance the Build Back Better plan, even in the face of fierce Republican opposition.
My team and I are having ongoing discussions with Senator Manchin; that work will continue next week. It takes time to finalize these agreements, prepare the legislative changes, and finish all the parliamentary and procedural steps needed to enable a Senate vote. We will advance this work together over the days and weeks ahead; Leader Schumer and I are determined to see the bill successfully on the floor as early as possible.
Build Back Better is urgently needed to lower the cost of prescription drugs, health care, child care, and elder care. Notwithstanding the unrelenting Republican obstruction – not a single Republican is willing to move forward on the bill – I am determined to see this bill enacted into law, to give America’s families the breathing room they deserve. We also need urgent action on climate change and other priorities in the Build Back Better plan.
We will – we must – get Build Back Better passed, even in the face of Republican opposition.
At the same time, we must also press forward on voting rights legislation, and make progress on this as quickly as possible. I had a productive conversation today with several Senators about how we can get this vital legislation passed. Our democracy is at stake.
"
https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/16/statement-from-the-president-on-the-build-back-better-act/
DECEMBER 16, 2021
"
I had a productive call with Speaker Pelosi and Majority Leader Schumer earlier today. I briefed them on the most recent discussions that my staff and I have held with Senator Manchin about Build Back Better. In these discussions, Senator Manchin has reiterated his support for Build Back Better funding at the level of the framework plan I announced in September. I believe that we will bridge our differences and advance the Build Back Better plan, even in the face of fierce Republican opposition.
My team and I are having ongoing discussions with Senator Manchin; that work will continue next week. It takes time to finalize these agreements, prepare the legislative changes, and finish all the parliamentary and procedural steps needed to enable a Senate vote. We will advance this work together over the days and weeks ahead; Leader Schumer and I are determined to see the bill successfully on the floor as early as possible.
Build Back Better is urgently needed to lower the cost of prescription drugs, health care, child care, and elder care. Notwithstanding the unrelenting Republican obstruction – not a single Republican is willing to move forward on the bill – I am determined to see this bill enacted into law, to give America’s families the breathing room they deserve. We also need urgent action on climate change and other priorities in the Build Back Better plan.
We will – we must – get Build Back Better passed, even in the face of Republican opposition.
At the same time, we must also press forward on voting rights legislation, and make progress on this as quickly as possible. I had a productive conversation today with several Senators about how we can get this vital legislation passed. Our democracy is at stake.
"
markie
17.12.2021 kl 11:37
5457
Det virker ikke som du vektlegger demokratiske spilleregler. Der du sier dette vill gå igjennom på et vis. Helt idiotisk pakke. Enorme beløp som bare er tuftet til og skape større splid og en gjeld som er helt ute av kontroll. Demokratene ønsker valgloven der velgere ikke behøver id kort. Dette Virker helt absurd. Men slik blir det. Når amerikanerne skal bygge sosialdemokrati på steroider. Mellomvslget er tapt for radar paret Biden Harris. Tidenes mest upopulære P og VP.
Småplukker
17.12.2021 kl 11:59
5394
At jeg ikke vektlegger demokratiske spilleregler?? Hva slags kommentar er det? At forhandlingene kommer til å ende med et slags kompromiss der pakken går gjennom er da en fullstendig uproblematisk sak? Hva man mener om pakken spiller mindre rolle - men de fleste av de sosiale reformene er minimale i forhold til hva vi i lykkelandet Norge har. Og de har dekning i budsjettet. Ikke begynn å spre løgner her inne, Markie. Du latterliggjør bare deg selv. Så får du spre hatet ditt mot demokratene et annet sted.
manman01
20.12.2021 kl 15:27
4363
Schumer vows vote on Build Back Better legislation despite Manchin’s opposition
https://www.washingtonpost.com/politics/schumer-vote-despite-manchin/2021/12/20/dcdd202c-6186-11ec-bf70-58003351c627_story.html
DECEMBER 20, 2021
https://www.washingtonpost.com/politics/schumer-vote-despite-manchin/2021/12/20/dcdd202c-6186-11ec-bf70-58003351c627_story.html
DECEMBER 20, 2021
markie
20.12.2021 kl 16:15
4114
Synes nå mest det er du som sprer hat. Du skrev sågar at republikanerne forsøker ødelegge demokratiet. Forsøk konkretisere en smule hva du mener med dette??
Jeg ser jo at du ønsker best mulig profitt på investeringen. Reneste kapitalist haien! . Målet forhelliger midlene. Prater dritt om alle som ikke støtter ditt syn. Pakken går nå ikke I gjennom til tross for dine påstander. Reforhandles på nyåret.
Jeg ser jo at du ønsker best mulig profitt på investeringen. Reneste kapitalist haien! . Målet forhelliger midlene. Prater dritt om alle som ikke støtter ditt syn. Pakken går nå ikke I gjennom til tross for dine påstander. Reforhandles på nyåret.
Småplukker
20.12.2021 kl 17:16
3860
Hvordan republikanerne ødelegger demokratiet? Tja:
-Angrepet på Kongressen 6.januar: da valget formellt skulle godkjennes, til tross for dette angrepet stemte et stort flertall av republikanernes representanter for å ikke godkjenne valgresultatet like etter.
-Nesten halvparten av republikanske velgere sier de er villig til å bruke vold mot politiske motstandere
78% av republikanerne tror på Trumps store valgløgn; at valget i 2020 ble stjålet fra ham.
Alle republikansk-ledede stater har innført valglover som begrenser muligheten til å stemme for minoriteter.
-Flere av vippestatene har innført, eller prøver å innføre, at valgresultatet i staten kan overprøves av politisk valgt gruppe (ledet av republikanere selvsagt)
-Flere hundre allminnelige valgansatte melder fra om trusler mot seg selv eller familien, for å presse dem fra jobben. Trump-grupper sprer navn på valgansatte som er svarte eller de føler seg usikre på er republikansk-vennlige nok.
Trenger du fler eksempler så får du google litt selv. Dette burde holde i massevis.
-
-Angrepet på Kongressen 6.januar: da valget formellt skulle godkjennes, til tross for dette angrepet stemte et stort flertall av republikanernes representanter for å ikke godkjenne valgresultatet like etter.
-Nesten halvparten av republikanske velgere sier de er villig til å bruke vold mot politiske motstandere
78% av republikanerne tror på Trumps store valgløgn; at valget i 2020 ble stjålet fra ham.
Alle republikansk-ledede stater har innført valglover som begrenser muligheten til å stemme for minoriteter.
-Flere av vippestatene har innført, eller prøver å innføre, at valgresultatet i staten kan overprøves av politisk valgt gruppe (ledet av republikanere selvsagt)
-Flere hundre allminnelige valgansatte melder fra om trusler mot seg selv eller familien, for å presse dem fra jobben. Trump-grupper sprer navn på valgansatte som er svarte eller de føler seg usikre på er republikansk-vennlige nok.
Trenger du fler eksempler så får du google litt selv. Dette burde holde i massevis.
-
Redigert 20.12.2021 kl 17:20
Du må logge inn for å svare
Manchini-tullingen årsaker nå børskrakk i usa med sine uttalelser .. tipper han blir usas mest forhatte mann .. han skjøt fra hofta og feilkalkulerte utfallet , nå taper alle leir penger …
———————
Stock market news live updates: Stocks sink amid virus concerns, Manchin's blow to Build Back Better
Investors also digested the unexpected news that Senator Joe Manchin (D., W. Va.) would not support President Joe Biden's $1.75 billion Build Back Better social policy bill. Manchin, speaking on Fox News Sunday, said he had discussed with Democratic House and Senate leaders and Biden, but was unable to come to an agreement on the bill given concerns about inflation, the national debt and ongoing pandemic.
White House Press Secretary Jen Psaki released a statement calling Manchin's comments "a sudden and inexplicable reversal in his position," and said the administration would work to move forward with the legislation next year.
Still, Goldman Sachs this weekend slashed its quarter GDP forecasts for 2022 following Manchin's withdrawal of support for the bill. The economists, led by Jan Hatzius, said they expected the "fiscal impulse will be somewhat more negative" than previously expected next year, in absence of the spending on social and climate-related policies included in the bill. The firm lowered its U.S. GDP forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% for the second quarter, and to 2.75% from 3% for the third quarter.
https://finance.yahoo.com/news/stock-market-news-live-updates-december-20-2021-124653489.html
———————
Stock market news live updates: Stocks sink amid virus concerns, Manchin's blow to Build Back Better
Investors also digested the unexpected news that Senator Joe Manchin (D., W. Va.) would not support President Joe Biden's $1.75 billion Build Back Better social policy bill. Manchin, speaking on Fox News Sunday, said he had discussed with Democratic House and Senate leaders and Biden, but was unable to come to an agreement on the bill given concerns about inflation, the national debt and ongoing pandemic.
White House Press Secretary Jen Psaki released a statement calling Manchin's comments "a sudden and inexplicable reversal in his position," and said the administration would work to move forward with the legislation next year.
Still, Goldman Sachs this weekend slashed its quarter GDP forecasts for 2022 following Manchin's withdrawal of support for the bill. The economists, led by Jan Hatzius, said they expected the "fiscal impulse will be somewhat more negative" than previously expected next year, in absence of the spending on social and climate-related policies included in the bill. The firm lowered its U.S. GDP forecast to 2% from 3% for the first quarter of 2022, to 3% from 3.5% for the second quarter, and to 2.75% from 3% for the third quarter.
https://finance.yahoo.com/news/stock-market-news-live-updates-december-20-2021-124653489.html
Tipper han er i ganske hardt vær ja. Er vel bare å finne fram popcornet!😎
markie
20.12.2021 kl 17:54
3776
Mye svada. La oss heller forholde oss til fakta. Folk rømmer demokrat styrte stater til fordel for republikanske. De er redde for eget liv og helse. Som en følger av ekstremt eskalerende kriminalitet. Drap statistikken peker vi må 30-40 år for og finne tall i nærheten. Smash and grab gjelder I California. Du kan stjele for opp til 1000 $ uten konsekvenser. Parade gatene i demokratenes Chicago og San Francisco er utstillingsvindu gjenspikret.
Ingen stater har gjennomført begrensninger på valgloven. De motsetter seg derimot Biden og demokratenes krav om at folk skal kunne stemme Uten ID. Vilket for meg virker fornuftig. All den tid Biden holder syd grensen åpen for fri illegal innvandring. Det er minst 3-4 millioner bare i år.
Trusler vold og hærverk kommer selvsagt fra venstre siden. Nærmest legimitert av venstre liberale TV kanaler. Dette så vi sterke eksempler på før president valget men også nå desverre . Konservative politiske krefter har ingen historie av vold og hærverk.
Stormingen av kongressen var ikke noe republikansk bestillingsverk. En kvinnelig ubevæpnet demonstrant som ble drept. Skutt ned uten at hun var en trussel mot noen. Vi har fremdels ikke fått noen forklaring på hvorfor hun ble sitt. Eller noen rettsak mot politi betjente som gjorde dette. Mye som skurrer der borte.
Synes du burde utvide Google søket ditt noe så kanskje du lærte noe. Virker litt på meg som du har Google fra klasserommet i skolen.
*Trump grupper sprer navn på valgansatte som er svarte eller føler seg usikre på er republikaner vennlig" 🤣😂😂 Fatter ikke at du napper på og skriver noe så dumt. Men går man i dagens Norske skole er vel dette nivået man kan forvente seg. Spesielt fra de lettest påvirkelige.. 😏
Ingen stater har gjennomført begrensninger på valgloven. De motsetter seg derimot Biden og demokratenes krav om at folk skal kunne stemme Uten ID. Vilket for meg virker fornuftig. All den tid Biden holder syd grensen åpen for fri illegal innvandring. Det er minst 3-4 millioner bare i år.
Trusler vold og hærverk kommer selvsagt fra venstre siden. Nærmest legimitert av venstre liberale TV kanaler. Dette så vi sterke eksempler på før president valget men også nå desverre . Konservative politiske krefter har ingen historie av vold og hærverk.
Stormingen av kongressen var ikke noe republikansk bestillingsverk. En kvinnelig ubevæpnet demonstrant som ble drept. Skutt ned uten at hun var en trussel mot noen. Vi har fremdels ikke fått noen forklaring på hvorfor hun ble sitt. Eller noen rettsak mot politi betjente som gjorde dette. Mye som skurrer der borte.
Synes du burde utvide Google søket ditt noe så kanskje du lærte noe. Virker litt på meg som du har Google fra klasserommet i skolen.
*Trump grupper sprer navn på valgansatte som er svarte eller føler seg usikre på er republikaner vennlig" 🤣😂😂 Fatter ikke at du napper på og skriver noe så dumt. Men går man i dagens Norske skole er vel dette nivået man kan forvente seg. Spesielt fra de lettest påvirkelige.. 😏
Senate will vote on Biden's social spending plan next year despite Manchin's opposition
PUBLISHED MON, DEC 20 2021 9:50 AM EST
UPDATED 8 MIN AGO
Jacob Pramuk
@JACOBPRAMUK
WATCH LIVE
KEY POINTS
The Senate will vote on the Build Back Better Act in January despite Sen. Joe Manchin's opposition to the bill, Majority Leader Chuck Schumer announced.
Manchin dealt a crushing blow to President Joe Biden's top domestic priority, which would invest in the social safety net and green-energy programs.
It is unclear if Democrats will try to pass a smaller bill that includes only parts of the Build Back Better Act.
The enhanced child tax credit, which the bill would renew, expires at the end of the year.
GP: Joe Manchin: Senate Democrats Meet on Capitol Hill
Sen. Joe Manchin (D-WV) is followed by reporters as he leaves a caucus meeting with Senate Democrats at the U.S. Capitol Building on December 17, 2021 in Washington, DC.
Anna Moneymaker | Getty Images
The Senate will vote on President Joe Biden's sweeping social safety net and climate policy bill in January despite Sen. Joe Manchin's opposition to it.
"Senators should be aware that the Senate will, in fact, consider the Build Back Better Act, very early in the new year so that every Member of this body has the opportunity to make their position known on the Senate floor, not just on television," Senate Majority Leader Chuck Schumer wrote to Democrats on Monday.
"We are going to vote on a revised version of the House-passed Build Back Better Act – and we will keep voting on it until we get something done," he said.
CNBC Politics
Read more of CNBC's politics coverage:
Senate will vote on Biden's social spending plan next year despite Manchin's opposition
Goldman cuts GDP forecast after Sen. Manchin says he won't support Biden's 'Build Back Better' plan
Trump sues NY Attorney General Letitia James to block company probe
Manchin dealt a crushing blow to the bill — at least in its current form — when he announced his opposition to it on Sunday. The senator alone can sink the legislation as Democrats try to pass it with a simple majority vote in the 50-50 Senate.
"I cannot vote to continue with this piece of legislation. I just can't," Manchin told "Fox News Sunday." "I've tried everything humanly possible. I can't get there."
The senator, who represents a coal-producing state and has a personal stake in the industry, cited concerns about inflation and the national debt in explaining his opposition. He also said Democrats should focus their efforts on containing the coronavirus pandemic as the highly-mutated omicron variant spreads around the country.
In response to the bill's likely failure, Goldman Sachs cut its U.S. GDP growth forecast on Monday.
While the bill will likely fail when Schumer brings it to a vote, the Democratic leader wants to put every senator's position on the record. The Senate has left Washington for the year, so a vote would not come until January.
Manchin's announcement marks the biggest setback yet for the Build Back Better Act, Biden's top domestic priority. After a months long tug-of-war within the party about what the bill should include and what it should cost, the plan's progress has ground to a halt.
RT: Chuck Schumer (D-NY) speaks to reporters 211130
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, November 30, 2021.
Elizabeth Frantz | Reuters
If Democrats fail to pass the proposal, their top policy goals are in jeopardy. The bill would extend the enhanced child tax credit, expand Medicare and Medicaid, invest in child-care services and incentivize green-energy adoption — a package of policies that Democrats have billed as transformative.
It is unclear if the party will try to pass a smaller bill that includes only parts of the Build Back Better Act. The House approved the full $1.75 trillion legislation in November, and progressives in the chamber hammered Manchin on Sunday for opposing the package.
Some Democrats have put a premium on extending the enhanced child tax credit of up to $300 per child per month, which expires at the end of the year. Advocates see it as critical to cutting child poverty.
In an interview Monday with West Virginia radio host Hoppy Kercheval, Manchin said he wanted to see his party send the bill back to congressional committees. He also said he supported his party's budget resolution — which unlocks the reconciliation process that allows Democrats to pass a bill without GOP votes — because he wanted to "fix" U.S. corporate and income tax rates "so that everybody paid their fair share."
Manchin opposed the bill even after Democrats slashed its price tag in half in order to win his support. They also scrapped a key climate program that the senator opposed.
In a statement responding to Manchin's stance Sunday, White House press secretary Jen Psaki said the senator "reversed his position on Build Back Better this morning," and "we will continue to press him to see if he will reverse his position yet again, to honor his prior commitments and be true to his word."
Psaki signaled the White House will try to revive the legislation in some form.
"The fight for Build Back Better is too important to give up. We will find a way to move forward next year," she said.
In the radio interview, Manchin blamed Biden's staff rather than the president himself for the collapse of recent talks around the bill. He said "they drove some things and they put some things out that were absolutely inexcusable."
https://www.cnbc.com/amp/2021/12/20/senate-to-vote-on-build-back-better-act-despite-joe-manchin-opposition.html
PUBLISHED MON, DEC 20 2021 9:50 AM EST
UPDATED 8 MIN AGO
Jacob Pramuk
@JACOBPRAMUK
WATCH LIVE
KEY POINTS
The Senate will vote on the Build Back Better Act in January despite Sen. Joe Manchin's opposition to the bill, Majority Leader Chuck Schumer announced.
Manchin dealt a crushing blow to President Joe Biden's top domestic priority, which would invest in the social safety net and green-energy programs.
It is unclear if Democrats will try to pass a smaller bill that includes only parts of the Build Back Better Act.
The enhanced child tax credit, which the bill would renew, expires at the end of the year.
GP: Joe Manchin: Senate Democrats Meet on Capitol Hill
Sen. Joe Manchin (D-WV) is followed by reporters as he leaves a caucus meeting with Senate Democrats at the U.S. Capitol Building on December 17, 2021 in Washington, DC.
Anna Moneymaker | Getty Images
The Senate will vote on President Joe Biden's sweeping social safety net and climate policy bill in January despite Sen. Joe Manchin's opposition to it.
"Senators should be aware that the Senate will, in fact, consider the Build Back Better Act, very early in the new year so that every Member of this body has the opportunity to make their position known on the Senate floor, not just on television," Senate Majority Leader Chuck Schumer wrote to Democrats on Monday.
"We are going to vote on a revised version of the House-passed Build Back Better Act – and we will keep voting on it until we get something done," he said.
CNBC Politics
Read more of CNBC's politics coverage:
Senate will vote on Biden's social spending plan next year despite Manchin's opposition
Goldman cuts GDP forecast after Sen. Manchin says he won't support Biden's 'Build Back Better' plan
Trump sues NY Attorney General Letitia James to block company probe
Manchin dealt a crushing blow to the bill — at least in its current form — when he announced his opposition to it on Sunday. The senator alone can sink the legislation as Democrats try to pass it with a simple majority vote in the 50-50 Senate.
"I cannot vote to continue with this piece of legislation. I just can't," Manchin told "Fox News Sunday." "I've tried everything humanly possible. I can't get there."
The senator, who represents a coal-producing state and has a personal stake in the industry, cited concerns about inflation and the national debt in explaining his opposition. He also said Democrats should focus their efforts on containing the coronavirus pandemic as the highly-mutated omicron variant spreads around the country.
In response to the bill's likely failure, Goldman Sachs cut its U.S. GDP growth forecast on Monday.
While the bill will likely fail when Schumer brings it to a vote, the Democratic leader wants to put every senator's position on the record. The Senate has left Washington for the year, so a vote would not come until January.
Manchin's announcement marks the biggest setback yet for the Build Back Better Act, Biden's top domestic priority. After a months long tug-of-war within the party about what the bill should include and what it should cost, the plan's progress has ground to a halt.
RT: Chuck Schumer (D-NY) speaks to reporters 211130
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, November 30, 2021.
Elizabeth Frantz | Reuters
If Democrats fail to pass the proposal, their top policy goals are in jeopardy. The bill would extend the enhanced child tax credit, expand Medicare and Medicaid, invest in child-care services and incentivize green-energy adoption — a package of policies that Democrats have billed as transformative.
It is unclear if the party will try to pass a smaller bill that includes only parts of the Build Back Better Act. The House approved the full $1.75 trillion legislation in November, and progressives in the chamber hammered Manchin on Sunday for opposing the package.
Some Democrats have put a premium on extending the enhanced child tax credit of up to $300 per child per month, which expires at the end of the year. Advocates see it as critical to cutting child poverty.
In an interview Monday with West Virginia radio host Hoppy Kercheval, Manchin said he wanted to see his party send the bill back to congressional committees. He also said he supported his party's budget resolution — which unlocks the reconciliation process that allows Democrats to pass a bill without GOP votes — because he wanted to "fix" U.S. corporate and income tax rates "so that everybody paid their fair share."
Manchin opposed the bill even after Democrats slashed its price tag in half in order to win his support. They also scrapped a key climate program that the senator opposed.
In a statement responding to Manchin's stance Sunday, White House press secretary Jen Psaki said the senator "reversed his position on Build Back Better this morning," and "we will continue to press him to see if he will reverse his position yet again, to honor his prior commitments and be true to his word."
Psaki signaled the White House will try to revive the legislation in some form.
"The fight for Build Back Better is too important to give up. We will find a way to move forward next year," she said.
In the radio interview, Manchin blamed Biden's staff rather than the president himself for the collapse of recent talks around the bill. He said "they drove some things and they put some things out that were absolutely inexcusable."
https://www.cnbc.com/amp/2021/12/20/senate-to-vote-on-build-back-better-act-despite-joe-manchin-opposition.html
Nsxnsx
20.12.2021 kl 18:07
3752
Manchin er blitt republikaner og bør snarest søke om avskjed. Inn med ny senator og stem på nytt.
Vipps så er BBB godkjent :)
Vipps så er BBB godkjent :)
My lord Rec tiltrekker seg hjernedøde Trump tilhengere tydeligvis makan til sprøyt .
Småplukker
20.12.2021 kl 18:36
3654
Jepp, Falco, du kan se hvert eneste foxnews-påstand i svarene hans. Men ikke et eneste tilsvar på faktaene jeg kom med. Ikke at jeg forventet det heller.
Men Rec: Fryktelig skeptisk til at de klarer presse Manchin til noe annet enn å skifte parti. Gretne gamle gubber er ikke lette å blidgjøre. Håper og tror Hanwha har kunder og planer nok til å få igang Moses Lake og utvidet Butte uansett. Men kan ta lenger tid.
Men Rec: Fryktelig skeptisk til at de klarer presse Manchin til noe annet enn å skifte parti. Gretne gamle gubber er ikke lette å blidgjøre. Håper og tror Hanwha har kunder og planer nok til å få igang Moses Lake og utvidet Butte uansett. Men kan ta lenger tid.
Redigert 20.12.2021 kl 18:36
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