Tuesday, December 21, 2021

BBB

The Build Back Better plan was too costly for many democrats but the left wing would not give up any of the many social benefits in the plan so the cost was adjusted down by cutting the time the benefits would last. The thinking was that once a benefit is given even for a short time it would be difficult reverse. This Washington slight of hand did not get Joe Manchin to go along so the plan is dead for now. Next year a new plan will be presented which will show the true ten year cost of all the components and if that cost is under $1.8 trillion Manchin will probably go along. This will expose the true cost of things like child tax credit, childcare credit, universal pre-K and paid leave will be omitted. It is frequently pointed out that these programs are very popular but that is no surprise.

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