Negotiations between Manchin and Biden are at a standstill because “rebuilding better” may stall until next year

Read Time:6 Minute, 57 Second


According to multiple sources with knowledge of the discussion, key negotiations between Biden and West Virginia Democrat Joe Manchin on how to pass a $1.75 trillion economic and climate plan are still far from reaching a series of issues. Any solution.

Although negotiations are expected to continue, this deadlock marks the most obvious sign to date that despite leadership efforts to approve the bill before Christmas, Democrats will still be forced to postpone the Senate vote until at least 2022.

A source familiar with the conversation told CNN that the negotiation between Manchin and Biden on the bill was called “better reconstruction” and “far apart.” Given the state of the talks between the influential moderate senator and the president, sources familiar with the matter said that Chuck Schumer, the leader of the Senate Majority Party, is very likely to postpone the bill until 2022. .

One of the most critical issues hindering progress is the child tax credit, which is a major priority of the Democratic Party. Providing assistance to families is the key to the Biden administration’s efforts to reduce child poverty. Manchin hopes to cut the expanded child tax credit from the bill, and a source told CNN that he wants to “zero it.”

Manchin did not deny that he wanted to exclude the extended version of the tax credit. Although he told reporters that he “always” supported the children’s tax credit itself, he would not comment when asked if he wanted to remove it from the package currently being negotiated.

With the Democratic Party voting on his key vote, Manchin’s re-election plan is imminent

According to multiple sources, Manchin suggested that Biden pass the tax credit extension on a separate track-Democrats believe this is impossible because it requires at least 10 Republican votes to get it outside of the current budget process. progress.

In addition to obstructing Manchin, there are many reasons why Senate Democrats are not ready to vote to pass “rebuild better” legislation. The legislative text has not yet been finalized, the legislative review of the bill has not yet been completed to ensure that the Democratic Party can pass the bill in a party vote, and other policy issues have not been resolved, including how to deal with controversial state and local tax deductions.

But the source pointed out that it is impossible for Biden to cut child tax credits. This has been the core issue of the differences, although there have been several other unresolved issues in the discussions between the two in the past few days.

Why Manchin is worried about children’s tax credits

According to a source familiar with the matter, Manchin is worried about leaving the child tax credit in the “Rebuild Better” bill, which has to do with how it affects the overall cost of legislation.

The source said that Manchin did not explicitly tell Biden to cancel any specific policies, but he made it clear that these expensive terms are not suitable for keeping the bill at $1.75 trillion.

Manchin’s belief is that if credit is expanded for more than 10 years, billing costs will skyrocket.

The President’s framework will extend credit for another year, affecting more than 35 million Americans whose annual income does not exceed $35,000.

But Manchin said that the temporary plan does not reflect the true cost of taxpayers.

How the child tax credit works

The enhanced child tax credit created as part of the $1.9 trillion coronavirus relief program in March will only take effect in 2021, and many Democrats hope to extend it to 2022 as part of the Social Safety Net Expansion Act.
In total, the expanded credit provides up to $3,600 per year for each young child and up to $3,000 for each older child.

The full credit is applicable to household heads whose annual income does not exceed US$112,500 and joint filers whose annual income does not exceed US$150,000, and will be phased out since then.

It is worth noting that the credit is designed to be paid on a monthly basis, with the government paying up to US$300 per month for each child under 6 years old and up to US$250 per month for children 6-17 years old.

The expanded credit-and monthly payments that significantly reduce child poverty throughout the year-will expire this month.

Biden and Manchin’s disagreement over tax credits highlights the complexity and fragility of the negotiations, as the Democratic Party is trying to pass social safety net legislation, which is the president’s primary task and the core of the domestic agenda.

Manchin’s support for the bill was critical to its passage, but he expressed his main concerns about its costs and pushed for the reduction of the overall legislation. This poses a major challenge for Biden. He must find a way to win the support of West Virginia Democrats without cutting too many key priorities or alienating liberal Democrats who also need votes. .

Senate Democrats need all 50 members of their caucus to vote for the legislation in order to pass it through a process called reconciliation, which will allow it to be approved without Republican support.

Democrats oppose the possibility of cutting child tax credits

On Wednesday, the news that Manchin hoped to cancel the funding of the child tax credit in the “Rebuild Better” bill quickly sparked strong opposition from other Senate Democrats.

“It will not be zeroed,” Ohio Democratic Senator Sherrod Brown said. “There is no room for negotiation.”

Senator Elizabeth Warren, Democrat of Massachusetts, said: “We need a child tax credit. It has reduced child poverty in the United States by nearly half.”

Democratic Senator Michael Bennet from Colorado tweeted: “The last thing we should do is increase taxes on working people. The last thing we should do is double childhood poverty. We should do it. The last thing is to increase the child hunger rate in this country.”

Biden faces the challenge of winning Manchin

Although Biden is fully aware that the bill must be changed to gain Manchin’s support, and he is willing to do a lot to get Manchin’s support, the dramatic changes in the child tax credit are one of the few areas that White House officials know about. Red lines for other Democrats.

Although White House officials have described these calls as positive and fruitful in the past few days, they have emphasized how much work remains to be done to ensure Manchin’s vote.

“We believe that the senator wants what we want, and that is to serve the American people,” White House Chief Deputy Press Secretary Karin Jean-Pierre told reporters on Air Force One on Wednesday that Biden went to Kentucky to investigate Tornado-the state of being ravaged.

The source made it clear that the dialogue will continue. Missing the Christmas deadline does not mean that the bill itself has expired. White House officials have been studying several different options to present to Manchin what they believe is an effort to solve the problem.

But for now, any near-term solution seems unlikely.

Manchin said “There is nothing to vote”

Manchin told reporters on Wednesday that as long as the Byrd Baths (the parliamentary process named after the late Democratic Senator Robert Byrd must be completed before the Democrats accept the legislation), there is “nothing to vote”. . occur.

When asked if Build Back Better could pass before Christmas, he said. “We didn’t even get any return from the MPs, so as far as the procedure is concerned, we have nothing to vote.”

When asked if he would talk to Biden again on Wednesday, Manchin did not answer, or whether they agreed on the true cost of the bill.

Schumer has been putting pressure on the Democrats to complete the “rebuild better”, but it is worth noting that on Wednesday he did not talk about his set Christmas like most of his speeches in the Senate and press conferences. deadline.

Schumer said: “This week, Democrats continue to work hard to put the Senate in a position where we can vote on the president’s “rebuild better” legislation.

CNN’s Morgan Rimmer, Ali Zaslav, Ted Barrett, and Tami Luhby contributed to this report.



Source link
You have to be inform about what is happening in USA go to united states news to see more.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Decline
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Who we are

Suggested text: Our website address is: https://updatednews24.com.

Comments

Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

Media

Suggested text: If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.

Cookies

Suggested text: If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year. If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser. When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select "Remember Me", your login will persist for two weeks. If you log out of your account, the login cookies will be removed. If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

Suggested text: Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website. These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Who we share your data with

Suggested text: If you request a password reset, your IP address will be included in the reset email.

How long we retain your data

Suggested text: If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue. For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

What rights you have over your data

Suggested text: If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where we send your data

Suggested text: Visitor comments may be checked through an automated spam detection service.
Save settings
Cookies settings