the package is financed by a tax increase of 15 percent for companies and the very rich , can not be against it as long it is done in this way @annozijlstra
Democrats in the US Senate have agreed on a multi-billion dollar investment package. The package includes large-scale investments in areas such as clean energy, childcare, housing and jobs.
It is a slimmed-down version of President Joe Biden’s ambitious Build Back Better plan, which has long been without a majority within the party. Now that the Democrats have reached an agreement, that removes an important barrier to approval in the Senate.
Since the party only controls half of the Senate, Democrats must vote unanimously for plans Republicans won’t support. CNN reports that all Republicans intend to vote against.
The Inflation Reduction Act won’t just be the largest investment in clean energy and American energy security in history. It will be the largest investment in American manufacturing as well.
The investment package was one of Biden’s election promises, which linked the success of his presidency. But the original version — worth $3,500 billion — didn’t pass Congress. Some Congressmen thought the plans went too far, others not far enough.
In the end, Arizona Senator Kyrsten Sinema – a pivotal vote – agreed to a modified version today. She was initially opposed because the package is financed by a tax increase of 15 percent for companies and the very rich.
Senator Joe Manchin, who previously blocked the plan, agreed last week. Senate Leader Chuck Schumer said a procedural vote could be taken on the investment package on Saturday.
AnnoZ Webb blog 