Friday, December 17, 2021

Democrats are unlikely to pass Biden’s social spending plan this year — here’s what it means


President Joe Biden’s social spending and climate policy bill has stalled in the Senate, all but extinguishing Democrats’ hopes of passing it this year.

Sen. Joe Manchin, a conservative Democrat who alone can block his party’s plan, has not signed off on the $1.75 trillion proposal as his party waits to see whether it complies with Senate rules. It means any vote on the bill will likely slip into 2022, when the coming midterm elections will only heighten the sharp political pressure surrounding the plan.

...Failure to pass the plan in 2021 will have immediate impacts. The enhanced child tax credit of up to $300 a month per child will expire at the end of the year unless Congress extends it. The last payments to families went out Wednesday, and the Build Back Better Act would renew them for a year. 

...Delays in passing the Build Back Better Act would have broader implications beyond the Senate’s plans. Democrats see the legislation as a transformative package that would make child and health care more affordable, offer an extra layer of financial support to families and make the biggest investment in curbing climate change in the country’s history. The longer it remains in limbo, Democrats must continue to deal with the appearance that they are not coming through for their voters.

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