Senate Dems push $500 billion climate kook agenda
Senate Democrats want to pass a $500 billion package that would include major reforms to health care, climate change, and taxes, according to a report.
NBC News reported that Sen. Joe Manchin (D-WV), who was primarily responsible for tanking the Build Back Better Act, continues to hold talks with Senate Majority Leader Chuck Schumer (D-NY) on a reconciliation package that would spend $500 billion and raise $1 trillion in revenue.
The package would primarily focus on health care, energy, and taxes. One source told NBC News that the “ceiling” for climate change funding would be capped at $300 billion, making it a significant fixture of the package. Another provision that would allow Medicare to negotiate the price of prescription drugs would be expected to save money.
This would allow for Senate Democrats to potentially include extending enhanced Obamacare subsidies in the bill, which would cost $220 billion if the subsidies were extended permanently, according to the Congressional Budget Office (CBO).
Manchin has not nixed the enhanced Obamacare package, although the senator, according to a NBC News source, said he is exploring options to continue the subsidies at a lower cost.
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They are trying to get this spending package through Congress before the mid-terms when they are likely to lose control of Congress. I do not view this package as a vote-getter. It is an attempt to spend as much money as possible before they lose control of Congress.
See, also:
Dems Are Still Pressuring Manchin To Back Climate Bill That Will Make Inflation Even Worse
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