Op-eds

Friday, October 29, 2021

How's This For a Win: Text of Biden's $1.75 Trillion Spending Bill is Here, Infrastructure Delayed Yet Again
Rebecca Downs / Townhall Tipsheet
 
After months of Democratic disarray and disunity, the 1,684 page text of President Joe Biden's $1.75 trillion spending bill is here. It was finally put into place as House Speaker Nancy Pelosi (D-CA) claimed Democrats were close to reaching a deal on a key component of Biden's agenda, the other being the Infrastructure package, which is running into its own problems. As Spencer pointed out, Pelosi has warned her members not to embarrass the president and to hand him a win. 

When President Biden announced a deal, the bill's text was not yet released, though a framework was. Touted programs in the framework included:

  • Caregiving: Universal pre-school; child-care; elder care and care for people with disabilities; expanded child tax credit
  • Energy and Climate Change: Clean energy tax credits and procurements; resilience investments for dealing with extreme weather; incentives for clean energy
  • Healthcare: Affordable Care Act tax credits; Medicare coverage of hearing
  • Other Middle Class Boosts: Investments in housing; investments in post-high school education and workforce training; earned income tax credit for workers without children; and "equity."

Of course, there were programs not mentioned in the framework or mentioned by just the bare minimum. Read more and see tweets and video here.

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