Build Back Better 3.5T Bill

[tshrimp]

To compare a government to an individual, is the definition of idiocy.

No...this is the definition, and appears to actually be descriptive of this plan and the current state of our government.

Definition of idiocy​

1: extreme foolishness or stupidity
the idiocy of the ideaI suppose every mother is reduced to idiocy when describing her firstborn, but, oh, he is a beauty …— Katherine Paterson
2: something that is extremely stupid or foolish : an idiotic action or statement… a number of new bureaucratic idiocies have been instituted.— Anthony Burgess

 

[Lastamender]

Also/too, it's only 1.2% of our GDP over 10 years.

This is what republicans are getting their panties in a twist over...1.2%.

You are in a twist about a disease with a 99.7% survival rate. You need to cut them some slack.

 

[Nostra]

What's in it and how is it paid for..

What's in the Build Back Better Act:​

• Two free years of community college

The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.

• Child care and universal pre-K

Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

• Medicare expansion

This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.


Manchin believes the program's solvency should be addressed before it is expanded.

"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."

• Extended child tax credit

Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.

Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.

The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.

While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.

"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"


The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.

• Cut prescription drug prices

Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.

• Paid family and medical leave

For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

• Climate change

Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.

One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.

There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.

• Lesser-known provisions

The massive bill has a slew of lesser-known provisions as well.


For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.

The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.

How they plan to pay for it​

Democrats have also included a tax plan to pay for the provisions in the bill.

The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.

Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.

The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.

There are also huge savings in drug pricing for Medicare through negotiations as well as lower ACA premium savings​

“Are looking to”…….”estimates”……

solid as Jello on a hot summer day.

 

[blackhawk]

The free stuff is never free someone always pays for it.

 

[tshrimp]

You are wrong. Seems to be your MO.

Am I? I stated independents and republicans don't support and dems do, so lets see if I am wrong.

tshrimp said:
Only if you are a tax and spend democrat. Republicans and Independents do not support it.

Majority of independents oppose Biden’s $3.5 trillion spending plan, poll shows

Over half of independents oppose President Biden’s $3.5 trillion spending plan that is currently stalled in Congress, according to a new poll released on Monday. While 45 percent of independe…

nypost.com

While 45 percent of independents support the legislation, 51 percent oppose it

Republicans are solidly against the package, with 59 percent saying they “strongly oppose” and 20 percent saying they “somewhat oppose.”

Democrats, 51 percent “strongly support” it, while 37 percent “somewhat support” the measure.

However, when the polls are put in actual context and include more facts, it doesn't even look like the dems do.

Conservative Institute: Conservative News and Headlines

CI was founded to provide high-quality news and commentary from a conservative perspective.

conservativeinstitute.org

While proponents of a Biden-initiated $3.5 trillion infrastructure package like to say that most Americans support the legislation, a new poll says that is not even close to true.

When the Trafalgar Group asked 1000+ voters whether they would be less likely to support the bill if it increased taxes and the national debt, 71% said yes — and the vast majority of those, 67%, were in the “much less likely” category.

It wasn’t just Republicans either — just over half of Democrats surveyed said they would be less likely to support the bill if taxes and the debt were raised.

Biden had pledged not to raise taxes on incomes under $400,000, but experts have said that the $3.5 trillion plan breaks that promise

The huge increase in spending has already led to 30-year inflation highs, which has people wary of even more spending and higher taxes that will only cost them even more money.

 

[MarcATL]

Am I? I stated independents and republicans don't support and dems do, so lets see if I am wrong.

Majority of independents oppose Biden’s $3.5 trillion spending plan, poll shows

Over half of independents oppose President Biden’s $3.5 trillion spending plan that is currently stalled in Congress, according to a new poll released on Monday. While 45 percent of independe…

nypost.com

However, when the polls are put in actual context and include more facts, it doesn't even look like the dems do.

Conservative Institute: Conservative News and Headlines

CI was founded to provide high-quality news and commentary from a conservative perspective.

conservativeinstitute.org

Taxes won't increase on them. Non-starter.

 

[bendog]

What's the complaint?

All these, LOL. And I didn't make an exclusive list.

It looks nice. Until you notice there's no requirement to pass classes or get a 2 year comm college degree.
Or until you cost the entire child tax credit, and see who gets it (It does decrease with income though)
12 weeks paid leave! I hadn't heard of that one. Jesus.

Biden did say something like the goal was to transform the econ. I don't want it transformed, and I'm pretty sure this thing will not pass, the dems will lost one and probably both Houses of Congress, and a goper will be electing potus in 24.

What concerns me then is that the party that is bought and paid for by millionaires will enact another supply side tax cuts, which will put working families in even a worse postition. I didn't expect Biden to be this bad. I realized he really is between obama and Sanders, but I expected him to govern more like Clinton ... because that's the sweet spot to getting reelected.

 

[MarcATL]

All these, LOL. And I didn't make an exclusive list.

It looks nice. Until you notice there's no requirement to pass classes or get a 2 year comm college degree.
Or until you cost the entire child tax credit, and see who gets it (It does decrease with income though)
12 weeks paid leave! I hadn't heard of that one. Jesus.

Biden did say something like the goal was to transform the econ. I don't want it transformed, and I'm pretty sure this thing will not pass, the dems will lost one and probably both Houses of Congress, and a goper will be electing potus in 24.

What concerns me then is that the party that is bought and paid for by millionaires will enact another supply side tax cuts, which will put working families in even a worse postition. I didn't expect Biden to be this bad. I realized he really is between obama and Sanders, but I expected him to govern more like Clinton ... because that's the sweet spot to getting reelected.

You're living pretty sweet and comfortable, aren't you?

 

[tshrimp]

Taxes won't increase on them. Non-starter.

Report: Democrat Tax Hikes WILL Raise Taxes On Middle Class

Biden is framing the Democrat-led tax hikes as a 'historic middle-class tax cut,' but his promise to put the burden on just the wealthy is false.

thefederalist.com

Congressional Democrats’ proposed tax hikes, which are endorsed by the Biden administration, will violate the White House’s promises to spare Americans who make less than $400,000 annually from any tax increases.

Tax Hikes Incoming: Is Biden About to Shatter Yet Another Promise?

Math.

townhall.com

ultimate product will violate this standard, multiple times over. Surprise, surprise. An initial analysis by the Joint Committee on Taxation finds that tens of millions of Americans making less than $400,000 will see a federal tax increase under the Democrats' plan. This would include:

- 5 percent of Americans who make between less than $10,000 and $40,000

- 5 percent of Americans who make between $40,000 and $50,000

- 9 percent of Americans who make between $50,000 and $75,000

- 18 percent of Americans who make between $75,000 and $100,000

- 35 percent of Americans who make between $100,000 and $200,000

- 59 percent of Americans who make between $200,000 and $500,000

 

[tshrimp]

All these, LOL. And I didn't make an exclusive list.

It looks nice. Until you notice there's no requirement to pass classes or get a 2 year comm college degree.
Or until you cost the entire child tax credit, and see who gets it (It does decrease with income though)
12 weeks paid leave! I hadn't heard of that one. Jesus.

Biden did say something like the goal was to transform the econ. I don't want it transformed, and I'm pretty sure this thing will not pass, the dems will lost one and probably both Houses of Congress, and a goper will be electing potus in 24.

What concerns me then is that the party that is bought and paid for by millionaires will enact another supply side tax cuts, which will put working families in even a worse postition. I didn't expect Biden to be this bad. I realized he really is between obama and Sanders, but I expected him to govern more like Clinton ... because that's the sweet spot to getting reelected.

Something I will never understand...The leftist hate rich people, but want an economy that relies on them.

 

[Lesh]

Will I get reimbursed for struggling to send 2 kids through college, or do I just get to pay for yet another lazy arse who wants someone else to pay for their stuff?

Did you send em to community college?

 

[Lesh]

Lesh
Nothing is free. We tax payers will get hosed on this ghastly bill.

It’s free associates degree from a community college to the kids that go.

You couldn’t ask for a better thing to spend money on.

A smarter work force is a more productive work force

 

[Nostra]

It’s free associates degree from a community college to the kids that go.

You couldn’t ask for a better thing to spend money on.

A smarter work force is a more productive work force

If it’s such a good thing, and they are the ones who benefit from it, let them pay for it.

 

[Lesh]

It looks nice. Until you notice there's no requirement to pass classes or get a 2 year comm college degree.
Or until you cost the entire child tax credit, and see who gets it (It does decrease with income though)
12 weeks paid leave! I hadn't heard of that one. Jesus.

You’re “noticing things” that you actually have no idea about.

Why create fantasies and act like they’re reality?

 

[OKTexas]

What's in it and how is it paid for..

What's in the Build Back Better Act:​

• Two free years of community college

The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.

• Child care and universal pre-K

Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

• Medicare expansion

This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.


Manchin believes the program's solvency should be addressed before it is expanded.

"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."

• Extended child tax credit

Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.

Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.

The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.

While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.

"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"


The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.

• Cut prescription drug prices

Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.

• Paid family and medical leave

For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

• Climate change

Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.

One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.

There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.

• Lesser-known provisions

The massive bill has a slew of lesser-known provisions as well.


For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.

The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.

How they plan to pay for it​

Democrats have also included a tax plan to pay for the provisions in the bill.

The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.

Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.

The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.

There are also huge savings in drug pricing for Medicare through negotiations as well as lower ACA premium savings​

Nothing is free if it costs 3.5 trillion dollars. It does nothing but transfer wealth and gives the feds more power over the everyday lives of Americans. BTW that free education applies to people that have no right to be in the country. Just another commie vote buying scheme.

.

 

[tshrimp]

It’s free associates degree from a community college to the kids that go.

You couldn’t ask for a better thing to spend money on.

A smarter work force is a more productive work force

It is not "free", it is tax payer funded, and they still have to work to pass the classes. I have not looked in a couple of years, but at one time schooling that was paid for by someone other than the receiving parties had a much lower graduation rate than those who had to work their way through. My kids jobs when going to school while also doing their schoolwork. It teaches them responsibility, and pride that they earned the degree. Handouts teach entitlement, and government dependence.

 

[Lesh]

Nothing is free if it costs 3.5 trillion dollars. It does nothing but transfer wealth and gives the feds more power over the everyday lives of Americans. BTW that free education applies to people that have no right to be in the country. Just another commie vote buying scheme.

.

You’re mixing terms and concepts… on purpose

It is free college… for those middle class kids

Oh horrible huh?

Just be honest. It raises taxes on the rich and you hate that.

It helps the middle class and you hate THAT

 

[Nostra]

You’re mixing terms and concepts… on purpose

It is free college… for those middle class kids

Oh horrible huh?

Just be honest. It raises taxes on the rich and you hate that.

It helps the middle class and you hate THAT

They should pay for their own college.

 

[Lesh]

I’m retired. I need a hearing aid I can’t afford. This would make that affordable.

I often don’t go out because I can’t make out conversations in a noisy space. I’m not alone

I’m on my fourth year on my glasses because new ones cost too much. I can see “we’ll enough” through the scratches for now but

I’m not alone

I KNOW I need dental work. I haven’t been to a dentist since before Covid. That ain’t good

I’m not alone

 

[Lesh]

They should pay for their own college.

And if they can’t? Fuck em?

We all lose