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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs Sen. Kaine saying the Child Tax Credit is dead? - link
Reading between the lines, it seems to me like he's saying that:
Sen. Tim Kaine (D-Va.) said the latest inflation reading will put pressure on Democrats to limit whatever package they advance to proposals that will lower the cost of living for average Americans, such as a proposal to empower Medicare to negotiate lower prescription drug prices, something that Biden touted Thursday at an appearance in Culpepper, Va.
I think it will pass in a pared-down version, he said.
He said the legislation will likely include provisions addressing climate change, a scaled-down proposal to lower prescription drug costs, funding for expanded access to childcare and pre-kindergarten, and workforce development funding.
He said the rising inflation numbers impacts the content of the bill.
That may shape what makes the final cut, he added. The items that really have cost reduction capacity on the things that really hit peoples pocketbooks are probably going to rise to the top of the to-do list.
https://thehill.com/homenews/senate/593800-democrats-see-inflation-as-growing-problem-for-their-agenda
comradebillyboy
(10,144 posts)some time now. With the current 7% inflation rate Biden has to be careful to not overstimulate the economy. Any new spending package will be fairly modest.
onecaliberal
(32,854 posts)PBC_Democrat
(401 posts)Better to expend the energy on something that can actually get passed and signed.