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Biden concedes BBB bill won’t get passed this year

  
Via:  Just Jim NC TttH  •  4 years ago  •  35 comments

By:   Alex Thompson

Biden concedes BBB bill won’t get passed this year
 

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S E E D E D   C O N T E N T



P resident Joe Biden acknowledged Thursday that negotiations over his Build Back Better bill are poised to drag on into 2022 despite efforts and pledges by Democrats to get it done before Christmas.

“It takes time to finalize these agreements, prepare the legislative changes, and finish all the parliamentary and procedural steps needed to enable a Senate vote,” the president said in a statement. He said that he spoke to Democratic leaders in Congress, Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, earlier Thursday and they plan to “advance this work together over the days and weeks ahead; Leader Schumer and I are determined to see the bill successfully on the floor as early as possible.”

With the holidays approaching and the Senate eager to leave town Friday, however, a vote isn't likely until after New Year's Day.

The statement is a recognition that the president’s team has so far failed to persuade Sen. Joe Manchin (D–W.Va.) to sign onto anything resembling the $1.75 trillion social spending and climate mitigation bill passed by the House of Representatives last month.

“In these discussions, Senator Manchin has reiterated his support for Build Back Better funding at the level of the framework plan I announced in September,” Biden said in his statement. “I believe that we will bridge our differences and advance the Build Back Better plan, even in the face of fierce Republican opposition.”


Video: House Speaker Nancy Pelosi scoffs at the idea of banning lawmakers from owning individual stocks (CNBC)



It’s unclear how much longer the negotiations will go on. Manchin has said that he believes many of the short-term programs in the House bill are budget gimmicks that hide the true cost of the bill. He has urged colleagues to include only 10-year programs in the final legislation to match the 10-year window on tax revenues. Manchin and Biden spoke twice on the phone this past week to try to find a way forward on the legislation but they remain far apart.

The White House has treated the Manchin relationship delicately and with more carrots than sticks. Biden has been careful not to put much external pressure on Manchin through public criticism, though his   frustration has been growing .

Thus far, the president’s delicate approach has proven slow but effective, ultimately securing Manchin’s votes for the other large parts of Biden’s agenda, including the American Rescue Package and a $550 billion infrastructure bill that earned bipartisan support.

Biden is also limited by the fact that many of the traditional levers of power–potential primary challenges or pledges of presidential support—are less effective with Manchin given that he is the only Democrat in the Senate to have won in a state that President Donald Trump also won by 40 points.


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Just Jim NC TttH
Professor Principal
1  seeder  Just Jim NC TttH    4 years ago

You mean Build Back Broke right?

 
 
 
Vic Eldred
Professor Principal
1.1  Vic Eldred  replied to  Just Jim NC TttH @1    4 years ago

I thought it was Break the Bank Better?

 
 
 
GregTx
Professor Guide
1.2  GregTx  replied to  Just Jim NC TttH @1    4 years ago

{smackkk} How you doing Judy? ;)

 
 
 
Just Jim NC TttH
Professor Principal
1.2.1  seeder  Just Jim NC TttH  replied to  GregTx @1.2    4 years ago

That was one funny episode LOL

 
 
 
JBB
Professor Principal
2  JBB    4 years ago

Why root against the United States and its President?

 
 
 
Sparty On
Professor Expert
2.1  Sparty On  replied to  JBB @2    4 years ago

The irony of that comment is thicker than molasses in January 

 
 
 
Just Jim NC TttH
Professor Principal
2.2  seeder  Just Jim NC TttH  replied to  JBB @2    4 years ago

Who is rooting against the United States and its President? I'm rooting against mega debt for some bullshit "social" agenda and worthless spending on a phenomena we can't stop in typical Democrat form of throwing money at it.

And what were you doing from 2016 through 2020 and even today even though he's gone?

 
 
 
Ozzwald
Professor Quiet
2.3  Ozzwald  replied to  JBB @2    4 years ago

Why root against the United States and its President?

Simple, the BBB doesn't give billions of dollars away to the wealthiest.  Like Trump's, unpaid for, tax cuts.

 
 
 
Just Jim NC TttH
Professor Principal
2.3.1  seeder  Just Jim NC TttH  replied to  Ozzwald @2.3    4 years ago

You may want to research it again.

Let it be noted that one of   the biggest items in the Build Back Better bill   — its second-most-expensive provision — is its massive tax cut for the rich. BBB raises the cap on deducting state and local taxes (SALT) on your federal return from $10,000 to $72,500, then gradually to $80,000.

Now, in order to win the votes of House Democratic moderates who represent high-earning districts mainly in New York and New Jersey, the  Build Back Better bill  takes the cap on deducting state and local taxes from $10,000 to $80,000, an eight-fold increase that would give millionaires and billionaires a big fat tax break that if enacted into law goes against everything progressives in the House and Bernie Sanders in the Senate have been fighting for in the battle for income equality and fair taxation.

 
 
 
Ozzwald
Professor Quiet
2.3.3  Ozzwald  replied to  Just Jim NC TttH @2.3.1    4 years ago
You may want to research it again.

And yet you are opposed to it because of the cost, yet had no problems with the unpaid for, more expensive, Trump tax cuts.

 
 
 
GregTx
Professor Guide
2.3.5  GregTx  replied to  Ozzwald @2.3.3    4 years ago
Republicans created the $10,000 cap on SALT deductions as a means to offset the cost of their other tax cuts in the 2017 Tax Cuts and Jobs Act (TCJA). The TCJA reduced the corporate tax rate from 35% to 21% and decreased individual tax rates across the board. Because the TCJA nearly doubled the standard deductible, the main losers of the new $10,000 SALT deduction cap were well-to-do people in states with the highest property taxes—Democratic states, like California, New York and New Jersey.
Why This Tax Provision Puts Democrats in a Tough Place | Time
 
 
 
Just Jim NC TttH
Professor Principal
2.3.6  seeder  Just Jim NC TttH  replied to  Ozzwald @2.3.3    4 years ago

See 2.3.5

 
 
 
GregTx
Professor Guide
2.3.7  GregTx  replied to  Ozzwald @2.3    4 years ago
If they raise the SALT cap, the second-most expensive item in a bill designed to bolster American working families would be a tax break for coastal elites.
 
 
 
XXJefferson51
Senior Guide
2.3.8  XXJefferson51  replied to  Texan1211 @2.3.2    4 years ago

You’ve got a great point there! Defeating the SALT cap rollback was one of many great reasons to defeat BBB not only this year but forever. 

 
 
 
XXJefferson51
Senior Guide
2.3.9  XXJefferson51  replied to  Ozzwald @2.3.3    4 years ago

The revenue increases to the federal government shows that the Trump tax cuts increased revenues not cost any 

 
 
 
Greg Jones
Professor Participates
2.4  Greg Jones  replied to  JBB @2    4 years ago

You rooted against Trump...and therefore against the United States!

 
 
 
XXJefferson51
Senior Guide
2.5  XXJefferson51  replied to  JBB @2    4 years ago

Jan 20, 2017 to Jan 19, 2021 comes to mind….

 
 
 
Sparty On
Professor Expert
3  Sparty On    4 years ago

It's an early Christmas miracle.

Merry Christmas to all and to all a good night .....

 
 
 
XXJefferson51
Senior Guide
3.1  XXJefferson51  replied to  Sparty On @3    4 years ago

Amen to that!  

 
 
 
Sean Treacy
Professor Principal
4  Sean Treacy    4 years ago

It's scary that anyone thinks another spendapooliza is a good idea at a time when we are facing historic levels of inflation. 

 
 
 
Jeremy Retired in NC
Professor Expert
4.1  Jeremy Retired in NC  replied to  Sean Treacy @4    4 years ago

It's a Democrats wet dream.  Spend, spend, spend then smile when people have to rely on the government for everything.  

 
 
 
Vic Eldred
Professor Principal
5  Vic Eldred    4 years ago

I think we can all agree that democrat leaders underestimated the conviction of Joen Manchin?

 
 
 
Nowhere Man
Junior Participates
5.1  Nowhere Man  replied to  Vic Eldred @5    4 years ago

Maybe, but then I'm a  Kennedy Democrat, Reagan Republican type libertarian... And I worry that the real thing is they haven't found what it is that entices him yet... Always watch your six...

 
 
 
Vic Eldred
Professor Principal
5.1.1  Vic Eldred  replied to  Nowhere Man @5.1    4 years ago

Manchin has been consistent in what he wanted:

 His top-line spending amount for 10 years was $1.5 trillion, which he later increased to $1.75 trillion. He has also been consistent in his calls to pause to evaluate the growing threat of inflation and has been equally consistent in seeking a bill free of budget gimmicks, fossil-fuel penalties and new entitlements that aren’t means-tested or don’t require work.  The amazing thing is that Pelosi passed the bill in the House as if Manchin didn't really mean it!

 
 

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