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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Build Back Better Framework - PRESIDENT BIDEN'S PLAN TO REBUILD THE MIDDLE CLASS
Link to tweet
This framework will set the United States on course to meet its climate goals, create millions of good-paying jobs, enable more Americans to join and remain in the labor force, and grow our economy from the bottom up and the middle out.
https://www.whitehouse.gov/build-back-better/
FBaggins
(26,758 posts)So - there is no prior agreement? You're not saying that Manchin/Sinema/Progressives are on board?
So the question is... who is he trying to pressure with this announcement? It sounds like he's trying to convince progressives to accept this as close enough to a done deal to vote for the infrastructure bill now.
I don't see that happening.
George II
(67,782 posts)....have stated they won't vote for it unless it contains a lot, if not all, of what was originally asked for.
We won't know either until the actual votes take place.
jimfields33
(15,954 posts)It will be interesting how this concludes.
hamsterjill
(15,224 posts)Single and older (like many of us) and not much in there for us.
BeyondGeography
(39,379 posts)Vague.
To me, that means this isnt paid for yet; not by a long shot.
The NYT posted an article late yesterday that Democrats were scrambling to come up with new tax revenues after SineChin killed the wealth tax, which many other Dems arent comfortable with either. Thats not a progressive problem (the quotes are really cutealbeit unoriginalGeorge).
Autumn
(45,120 posts)their heads and food on the table.
Hortensis
(58,785 posts)I could never have guessed we would degrade to this when I was their age. Working class jobs should pay at least a living wage, and mine did when I dropped out of high school with no skills to get a full time job.
Middle class income always required skills that could be sold for significantly more than basic income, but upward mobility is very doable when public trade schools and colleges are affordable by those with working class incomes or parents.
So, I guess we'll do more Pell Grants now and work on making two years of public trade school/college possible for all those who want it?
PoliticAverse
(26,366 posts)George II
(67,782 posts)...ago that she was going to call for a vote by the end of October. That's today or tomorrow if the House is in session tomorrow.
PoliticAverse
(26,366 posts)Biden wanted a vote on the bill before he left, he didn't get one, so he released this announcement instead.
If there was a sure vote coming before the climate summit began there would have been no need for this announcement.
hamsterjill
(15,224 posts)And thats basically all it was. There is no done deal yet.
mcar
(42,373 posts)I just read the outline and this is a great plan. I know some here and elsewhere will complain because it doesn't have everything we/they wanted. But this is a significant bill that will help many people - and the environment.
jimfields33
(15,954 posts)hamsterjill
(15,224 posts)And will continue to. I want something decent to pass for the benefit of the party and how I feel that will impact the midterms.
The operative words are decent and pass, of course. Nothing is done yet.
LetMyPeopleVote
(145,558 posts)FBaggins
(26,758 posts)Not sure that actually raises any income at all. There's little difference between a buyback and just paying a dividend to shareholders.
Why wouldn't corporations just shift to alternate forms of distributing earnings to shareholders?
PoliticAverse
(26,366 posts)in favor of companies paying dividends.
Dividends being taxable to the recipient while an increased stock price (from a buyback) wouldn't be until the stock is sold.
From: https://taxnewslinks.com/2021/09/10/ug1jotipx6hebdgv/
Autumn
(45,120 posts)Fiendish Thingy
(15,657 posts)Yes, some limited benefits remain, but at what cost to the future of the planet, and what immediate cost to poor single women?