October 28, 2021

Joe Biden is basically asking House Dems to trust him that they won't get screwed if they vote for the infrastructure before the reconciliation bill is passed. More details will follow later this morning. Via NBC News:

WASHINGTON – President Joe Biden will announce Thursday that he has reached a deal with Senate Democratic holdouts on a $1.75 trillion social spending and climate bill, according to senior administration officials.

The apparent deal represents the culmination of months of sometimes tense negotiations between moderate and progressive lawmakers.

The package contains a wide-ranging set of programs that, if enacted, will profoundly impact the lives of families with children, low-income Americans and the renewable energy economy.

The apparent deal represents the culmination of months of sometimes tense negotiations between moderate and progressive lawmakers.

Here's what's still in the package:

  • Universal preschool for all 3- and 4-year olds, which is funded for at least 6 years.
Subsidized child care that caps what parents pay at 7% of their income, which is funded for 6 years.
  • A one-year extension of the current expanded Child Tax Credit, which impacts approximately 35 million households nationwide.
  • Expanded tax credits for 10 years for utility and residential clean energy, including electric vehicles.
  • Extend the current, pandemic-related Affordable Care Act subsidies for 4 years.
  • Allow Medicare to cover the cost of hearing.

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