CNBC Television Key Democrats have yet to commit to President Joe Biden’s economic plan framework
🎯 Загружено автоматически через бота:
🚫 Оригинал видео:
📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал.
✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его.
📃 Оригинальное описание:
Ylan Mui joins ’The Exchange’ from Capitol Hill, where she dives into the details of congressional Democrats’ spending bill, which covers areas like climate change, child tax credits and healthcare. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
Senior administration officials said early Thursday morning that Biden was “confident this framework will win the vote of every Democratic senator.”
But that confidence was shaken when none of the three senators in whose hands the fate of the plan lies -- progressive standard bearer Bernie Sanders of Vermont and centrists Joe Manchin, . and Kyrsten Sinema, Ariz. -- publicly committed to voting for the current framework.
On the contrary, they all appeared to view the framework as an evolving proposal, not a final, ironclad deal.
The current framework is far smaller than Biden’s original $3.5 trillion proposal. The House Rules Committee released a draft of the reconciliation text Thursday afternoon.
Still, the package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.
They include:
Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
Allow Medicare to cover the cost of hearing.
The White House says the total cost of the programs will come to $ trillion. There is also an additional $100 billion earmarked to reduce immigration backlogs and speed up asylum processing. But that money would require approval by the Senate’s nonpartisan rule maker, known as the Senate Parliamentarian, who has twice rejected attempts by Democrats to include immigration language in what is technically a budget bill.
Also notable is what the framework does not contain. A longstanding proposal to create a federal paid family and medical leave system was dropped from the bill on Wednesday afternoon after Manchin, a key Democratic swing vote, said he did not believe the program belonged in the bill.
Cuts like these infuriated House and Senate progressives, and Sanders told reporters Thursday “it needs to be improved.”
“What we have to do now is, first of all, make sure that before the [infrastructure bill] vote takes place in the House, to make sure that there is a very explicit legislative language” on the social spending plan, he said.
Manchin would not explicitly support the framework, either. “It’s hands of the House,” he told reporters outside his Capitol Hill office. “I’ve been dealing in good faith. I will continue to deal in good faith.”
In a statement, Sinema said the months of negotiations had resulted in “significant progress” on the budget bill. “I look forward to getting this done,” she added.
» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Subscribe to CNBC Classic:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBCTV
2 views
17
4
3 days ago 00:01:20 1
[CNBC Television] BlackRock CEO Larry Fink says bitcoin impacts the U.S. dollar
3 days ago 00:01:39 1
[CNBC Television] Moderna’s phase three RSV trial found to be 83.7% effective in older adults
3 days ago 00:03:43 1
[CNBC Television] We could be approaching an earnings recession: Investment strategist
3 days ago 00:04:09 1
[CNBC Television] Blackstone enters deal to manage AIG’s insurance and housing assets
3 days ago 00:03:07 1
[CNBC Television] Two strategists break down markets ahead of busy earnings week, FOMC meeting
3 days ago 00:01:49 1
[CNBC Television] Small businesses push back on Amazon Prime Day
3 days ago 00:19:11 1
[CNBC Television] ETF Edge, November 11, 2024
3 days ago 00:01:29 1
[CNBC Television] Popular American SUVs to be hit by Mexico tariffs
3 days ago 00:03:48 1
[CNBC Television] Inflation battle is ’absolutely’ done, says Yardeni Research president
3 days ago 00:01:48 1
[CNBC Television] Final Trades: Apple, Oracle, Roku & more
3 days ago 00:01:19 1
[CNBC Television] CNBC Millionaire Survey: 42% expect the economy to be weaker in 2024
3 days ago 00:05:14 1
[CNBC Television] Look for companies with better balance sheets: Pro
3 days ago 00:06:13 1
[CNBC Television] Cyclicals are going to be a winner: Jonathan Golub