$3.5 Trillion social hand out

[jhjimbo]

T Chhild care.
Now, I ask do you think a mother will go to work when she gets free child care plus foodstamps, plus child tax credit plus, plus, plus. If you think she will go to work, I have some land in FL to sell you.
I think she will be found in the closest casino betting tax payer money hoping to get rich.
What a country.
e $3.5 trillion has a huge hand out for children. They would get free c

[bowhunter75richard]

The D’s can say what they want about the purpose of the free hand outs, but their purpose is to buy the WH for the next 30 years as a starter ! Along with their plans for the Southern boarder, there is not much hope of seeing another conservative in the WH in the life time of most of us. But I am not sure our nation will still be a republic that long anyway !! It is impossible to think that there are people in this country who believe our present lack of leadership is the correct path to follow. And now, since there is a sincere backlash by parents about what our education system is forcing in our schools and being threatened by the FBI as domestic terrorists, this country is well on its way to hell. Riots and arson all of 2020 were never looked at by the FBI, but parents concerned about their kids in our schools, are being now afraid to open their mouths in fear of being arrested. Can things get any worse than a politicized FBI ??? Thanks you POS biden !

[rock rat]

This is a blatant cut and paste from CBS. But well written and fairly non partisan. I'll comment on the next comment. I certainly don't agree with some of it, and like some other parts. One thing to remember, for people earning under $400K per year taxes will go down.

• Two free years of community college

The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.

• Child care and universal pre-K

Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

• Medicare expansion

This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.

Manchin believes the program's solvency should be addressed before it is expanded.

"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."

• Extended child tax credit

Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.

Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.

The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.

While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.

"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"

The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.

• Cut prescription drug prices

Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.

• Paid family and medical leave

For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

• Climate change

Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.

One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.

There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.

• Lesser-known provisions

The massive bill has a slew of lesser-known provisions as well.

For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.

The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.
How they plan to pay for it


Democrats have also included a tax plan to pay for the provisions in the bill.

The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.

Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.

The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.

[jhjimbo]

This is a blatant cut and paste from CBS. But well written and fairly non partisan. I'll comment on the next comment. I certainly don't agree with some of it, and like some other parts. One thing to remember, for people earning under $400K per year taxes will go down.

• Two free years of community college

The legislation provides two years of free community college for all students, regardless of family income. It is anticipated to cost $108 billion.

The bill would also add $80 billion in funding for Pell Grants, which Democrats say hasn't kept pace with the increasing cost of college.

• Child care and universal pre-K

Every family that applies shall be offered child care assistance for children ages 0 to 5. In all, the plan allocates roughly $450 billion to lower the cost of child care and provide two years of universal pre-K for 3- and 4-year-olds, according to the House Education and Labor Committee.

The panel estimated that this proposal would keep the cost of child care at or below 7% of most families' income.

• Medicare expansion

This heavily debated provision would expand Medicare to include coverage of dental, hearing and vision services.

Manchin believes the program's solvency should be addressed before it is expanded.

"We need to stabilize it," he told reporters Friday, according to reports. "By 2026, you understand, the trust fund is going to be insolvent."

• Extended child tax credit

Democrats expanded the child tax credit for 2021 in their $1.9 trillion COVID-19 relief plan, and now want to extend it through 2025.

Under the enhancement, families receive $3,600 per child under age 6, and $3,000 per child age 6 to 18. Most families receive monthly payments of either $250 or $300 per child.

The full expanded child tax credit is available to individuals making up to $75,000 or married couples making up to $150,000.

While Mr. Biden has touted the tax credit's success in lifting children out of poverty, Manchin thinks Democrats' social spending package should impose work requirements for parents who qualify.

"You want to help the children and the parents that are basically providing for those children. There's no work requirements whatsoever. There's no education requirements whatsoever for better skill sets," he told CNN in an interview this month. "Don't you think, if we're going to help the children, that the people should make some effort?"

The House Ways and Means Committee has also endorsed permanent expansions of the earned income tax credit and child and dependent care tax credit.

• Cut prescription drug prices

Another key provision in the bill is aimed at helping to slash prescription drug prices. Americans on average pay two to three times as much as people in other countries for prescription drugs, according to the White House. Among other things, the legislation allows Medicare to negotiate drug prices. Medicare is currently prohibited by law from negotiating for the best deal.

• Paid family and medical leave

For the first time in history, the U.S. would have comprehensive paid leave, covering 12 weeks of paid family and medical leave. The legislation would replace at least two-thirds of earnings, up to $4,000 per month, while the lowest-paid workers would receive 80% of their income.

The White House has previously estimated the plan would cost $225 billion over the next 10 years.

• Climate change

Combating climate change and slowing the rate at which Earth warms will mean transitioning away from fossil fuels, the major source of greenhouse gas emissions.

One provision that Manchin has objected to is the $150 billion "clean electricity performance program," which would pay utility companies that increase their renewable energy supplies by 4% per year. Companies that do not hit this benchmark would face financial penalties. The bill also provides significant funding for forest management and other wildfire control measures.

There are also measures to incentivize the buying of electric vehicles and the construction of charging stations; consumer rebates to homeowners who weatherfit their houses; and financial penalties for oil and gas producers for methane leaks, among other things.

• Lesser-known provisions

The massive bill has a slew of lesser-known provisions as well.

For instance, the bill would authorize $5 million a year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.

The bill also directs $2.5 billion for the Justice Department to award competitive grants or contracts to local governments, community-based organizations and other groups to support intervention strategies to reduce community violence.
How they plan to pay for it


Democrats have also included a tax plan to pay for the provisions in the bill.

The corporate tax rate would rise from 21% to 26%, and the top income tax rate for Americans making over $400,000 would increase from 37% to 39.6%. The top capital gains rate would also go from 20% to 25%.

Democrats are also looking to beef up tax enforcement by the Internal Revenue Service as a vehicle for paying for the package.

The Joint Committee on Taxation estimates the tax changes spearheaded by Democrats would raise more than $2 trillion in revenue over 10 years, with roughly $1 trillion in tax increases from high-income Americans and nearly $1 trillion from corporate and international tax reforms.

A lot of these should be means tested. Also a work requirement is needed, Bill Clinton ran a very good work requirement.
People, CORPORATIONS DO NOT PAY TAXES, YOU DO IN THE FORM OF HIGHER PRICES THAT THE CORPORATION PASSES ANY TAX INCREASE ON TO YOU TO MAINTAIN THEIR LEVIL OF PROFITABILITY. Case in point, Dollar Tree is changing their name because they can not afford to sell everything at one dollar due to inflation. Passing along the increase to the consumer.

[Pmacc60]

Rock Rat you broke down fifty plus pages into less than that in paragraphs , you should run for president ! Before you walk us down your primrose path understand two real truths ,

First (even you said this ) most of this money will never see working class America ! The rich will find loop holes , the poor will become more entitled and depended.

Second the tax base is not set because your numbers do not work ! This is fact not opinion . The tax burden will be placed on the American public .

When our government competes for money with the public it causes inflation. RR your putting your trust in an administration that has failed miserably so far ! Even more clear thinking Democrats know this bill is a disaster !

[rock rat]

Jimbo and Pmacc you won't find much of an argument from me. Close reading elsewhere pointed mostly towards $$ for businesses. Jim the only bad part of entitlements is that a huge bureaucracy develops to manage them, and those bureaucrats love someone easy who is already on food stamps or something so they don't have to chance checking income etc. Also people stay on programs by the disincentive to work.

I'd rather some large infrastructure plans like high speed rail. Chinese have 23,000 miles of high speed rail.

There's a ton of pork for special interests. I don't mind the size, we spend twice that on "defence" not counting off budget intel etc. What I don't like is the $ wasted.

[bowhunter75richard]

If any of these proposals for success of this legislation (which is an assumption given by the organizers) should happen not to be correct and as productive as stated, there will undoubtably be cuts to other programs to make up the differences. I am very much afraid that that will be defense spending and that will be certain suicide for this country, not to mention many other countries who depend on America. Have we ever witnessed any given government program that went as planned financially? Remember, all information as to the success of this legislation, has been supplied by those proposing it ! There have been others giving conflicting info which also needs to be listened to ! We can not trust the D’s who want their wish list to be filled, to give us totally correct or assumed information. Once this legislation is passed, how is it to be corrected when it is shown to be not as stated in feasibility ??

[rock rat]

Take a look at the cost of some of those programs Bowhunter. Wars in Iraq and Afghanistan- past 4 trillion. Cost of Bush's tax cuts in 01 and 03, 5.6 trillion. Trump's tax cuts 2.3 trillion. And none of them even claimed to have made up the deficit spending by cuts elsewhere. At least Biden's folks are paying for their plan with taxes.

The affordable care act actually has saved money even though the taxes on uninsured was repealed as was the tax on medical device makers and cadillac plans.

[labrador12]

Jimbo and Pmacc you won't find much of an argument from me. Close reading elsewhere pointed mostly towards $$ for businesses. Jim the only bad part of entitlements is that a huge bureaucracy develops to manage them, and those bureaucrats love someone easy who is already on food stamps or something so they don't have to chance checking income etc. Also people stay on programs by the disincentive to work.

I'd rather some large infrastructure plans like high speed rail. Chinese have 23,000 miles of high speed rail.

There's a ton of pork for special interests. I don't mind the size, we spend twice that on "defence" not counting off budget intel etc. What I don't like is the $ wasted.

How much longer until California's high speed rail is finished rat? The environmental lobby won't allow anything to be built, even if the graft sucking politicians and the wanna be Hunter Bidens don't siphon all the money away.

[FirstBubba]

The (d)'s don't give a red rat's rear about the poor.
Social programs keep poor people poor.
Poor people, thinking the (d)'s love them, keep voting (d)'s into office.

Social programs buy votes for (d)'s!

LBJ's "War on Poverty" has been going on over 55 years and hasn't saved anyone. It just keeps the poor, well, poorer and insures (d) votes.

(d) are purely power mongers.

[Danbo]

3.5 trillion doesn't matter. The die has been cast. We have so much debt that the worst case scenario is we become Zimbabwe or Mexico if we're lucky.

Enjoy the good times before the crash.

[jhjimbo]

The picture is getting cloudy - like the Dem's like it. So much for open administration - big fat lie The $3.5 was actually graded at closer to $5.5 or $6 by CBO or Tax association. The effect yould be sky rocketing inflation, worse than with Jimmy Carter. People are laughing at it now but they won't be when gas is $10 a gallon. Crude just went over $80 barrel. there are 2 million not employed and some say there are as many as 10 million jobs available. If the people are not taking them they are getting too big a hand out from the Govt so not worth it to work.

[jhjimbo]

3.5 trillion doesn't matter. The die has been cast. We have so much debt that the worst case scenario is we become Zimbabwe or Mexico if we're lucky.

Enjoy the good times before the crash.

That's a real defeatest attitude.

[jhjimbo]

Take a look at the cost of some of those programs Bowhunter. Wars in Iraq and Afghanistan- past 4 trillion. Cost of Bush's tax cuts in 01 and 03, 5.6 trillion. Trump's tax cuts 2.3 trillion. And none of them even claimed to have made up the deficit spending by cuts elsewhere. At least Biden's folks are paying for their plan with taxes.

The affordable care act actually has saved money even though the taxes on uninsured was repealed as was the tax on medical device makers and cadillac plans.

Wait until all the illegals get picked up on ACA. No savings there. Look at the shit culture they are coming from, do you think they are going to change by coming here ? I think they will spread their culture through this Country and ruin it. Just like now - 10 million jobs available and 2 million unemployed. Something is out of balance and it is the culture of the worthless who would rather take a handout. No self respect at all. These people are the dregs of humanity. Ignorant, no morals or social norms.
When I was in the Middle East people still shit in the street in a city of 1 million. stone age retreads.

[Danbo]

That's a real defeatest attitude.

I'm not defeatist, it's reality. There is no possible way out of this disaster.

The real deficit is way more than the slimy politicians are letting on. If the Republicans were in charge and planning on spending a few trillion to invade some irrelevant country. The right wingers would be cheering them on.