Joe Biden on Thursday announced a new version of his social infrastructure plan: a significantly scaled-back version that he nevertheless hopes can address national and global crises and secure a needed win for his presidency and party. “I know we have an historic economic framework,” the president said from the White House. “It’s a framework that will create millions of jobs, grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity, and put us on a path not only to compete, but to win the economic competition for the 21st century against China and every other major country in the world.”
His original reconciliation package, a mix of ambitious social and environmental initiatives, carried a $3.5 trillion price tag and was broadly supported across the Democratic party. The proposal Biden announced Thursday will cost $1.75 trillion—a major compromise aimed at appeasing conservative Democrats Joe Manchin and Kyrsten Sinema without alienating the rest of his party, including the progressives who have championed the bill. Biden expressed confidence that the framework, more expensive than the $1.5 trillion Manchin had wanted as a cap, but still missing key provisions, could thread the needle. But it wasn’t clear that it would. Manchin and Sinema remained somewhat cagey about the proposal, and it’s not certain that it goes far enough to win progressive support.
Biden has made it clear that he wants a deal before he leaves for the United Nations climate summit in Glasgow, hoping to use the legislation to re-assert American leadership when it comes to climate change. But the bill has been in limbo for months: Republicans are united against it, Manchin and Sinema oppose both the cost and various provisions within it, and progressives have used the bipartisan Senate infrastructure bill as leverage to force them to negotiate. Those negotiations have been “tough,” as Biden said Thursday. But he’s trying to sell the compromise as a win for both sides: legislation that will move progressive priorities forward, and that’s cost-effective. “It’s fiscally responsible,” he said, “and fully paid for.”
In terms of substance, the bill does mark a significant step forward: It includes billions in social spending, including for child care and preschool, and more to incentivize clean energy. But it includes far less than what was originally proposed, and it’s missing major provisions that progressives have argued are necessary, including paid family leave and prescription drug reform.
Still, Biden has touted the legislation as a bigger expansion of the social safety net than Franklin Delano Roosevelt’s and Lyndon B. Johnson’s combined, as Yamiche Alcindor reported. He also reportedly suggested that the rest of progressives’ agenda will be jeopardized if the party fails to rally now. “We badly need a vote on both of these measures,” Biden told Democrats, a source familiar with Biden’s pitch recounted to Alcindor. “I don’t think it’s hyperbole to say that the House and Senate majorities and my presidency will be determined by what happens in the next week.”
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October 29, 2021 at 01:37AM
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Can Joe Biden’s Compromise Bill Finally Bring Democrats Together? - Vanity Fair
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