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Democrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDemocrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 06:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSenate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe legislation is working...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1130412034","content_text":"KEY POINTS\n\nSenate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe legislation is working its way through the Congress hand-in-hand with another bill, a $1.2 trillion bipartisan infrastructure proposal that is still being drafted.\n\nWASHINGTON — Senate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe bill will contain nearly all of President Joe Biden’s American Families Plan bill, plus the addition of expanded Medicare coverage for hearing, vision and dental care.\nHow long each of the programs would last is still up in the air, however, as is how much money will be dedicated to each of the dozens of programs in the bill.\nThese are among the thorny questions that Democrats plan to hash out internally later this summer and fall.\nFor now, here are the topline projects the budget bill would fund:\n\nCreate a national comprehensive paid family and medical leave program.\nFund free universal preschool for all 3- and 4-year-olds.\nFund free community college for all students, expand the total amount of Pell Grants, and increase the maximum individual award.\nExpand access to the summer EBT program, which helps some low-income families with children buy food outside the school year.\nExtend the $1.9 trillion Covid stimulus plan’s provision lowering health insurance premiums for those who buy coverage on their own.\nExtend the child tax credit expansion that was included in the Covid relief bill.\n\nThe bill also contains money for clean energy programs, many of which were cut from the bipartisan infrastructure deal during earlier negotiations with Republicans.\nThese include tax incentives for clean energy and electric vehicles, a Civilian Climate Corps program for young people and energy-efficient building weatherization and electrification projects.\nIn order to fund all the massive new investments, Democrats have announced plans to raise taxes on corporations and the wealthiest individuals. They also plan to fund enhanced enforcement by the IRS, in order to crack down on people who underpay or cheat on their taxes.\nAnother piece of the pay-for equation will be new methane reduction and polluter import fees, to raise revenue and accelerate emissions reductions.\nSenators reached an agreement on the topline number of $3.5 trillion on Tuesday night, but details about the contents of the bill were not released until Wednesday.\nNext steps\nThe next phase of the legislative process will be to fill in the budget framework with details, a process that takes place in the Senate Budget Committee.\nThe chairman of this committee is Sen. Bernie Sanders, I-Vt., who proposed his own $6 trillion budget resolution plan earlier this summer.\nBut Sanders’ $6 trillion plan was far too costly for centrist Democrats to support, and the current $3.5 trillion bill represents an effort to bridge these internal divisions.\nThe budget resolution also contains a key provision that Sanders has long championed but which was not included in Biden’s original American Families Plan: full Medicare coverage for vision, dental and hearing care.\n“This is, in our view, a pivotal moment in American history,” Sanders told reporters Tuesday.\nIf ultimately signed into law, the bill would mark the biggest expansion of the social safety net in decades, along with an unprecedented effort to curb climate change and prepare the country for its effects.\nIt was not clear Wednesday when the budget resolution bill will receive its first vote in the Senate.\nThe timing of the bill is complicated by the fact that it is working its way through Congress hand-in-hand with another bill, a $1.2 trillion bipartisan infrastructure proposal that is still being drafted.\nSenate Majority Leader Chuck Schumer, D-N.Y., wants to hold votes on both the budget resolution and the infrastructure bill before the Senate breaks for its planned August recess.\nOn Monday, Schumer told senators to be ready to remain in Washington for part of the upcoming recess in order to pass both measures.\nSchumer’s timeline for the next few weeks is very ambitious, especially considering that neither of the two massive bills Democrats intend to pass have actually been written yet.\nSeveral centrist Democrats have indicated that they want to pass the infrastructure bill before they cast a vote for the budget resolution bill.\nBut progressives, who strongly support the budget resolution, want the exact opposite: proof that their ambitious budget bill can pass before they agree to join centrist Democrats and Republicans in approving the watered-down infrastructure plan.\nDemocrats hold only a one-vote majority in the Senate, so both bills will need the support of every Democratic senator in order to pass.","news_type":1},"isVote":1,"tweetType":1,"viewCount":106,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":21,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/177095692"}