In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR

Wh3

Biden releases details of $1.75 trillion social spending package

President Biden Thursday unveiled a $1.75 trillion social spending bill he believes can pass the Senate — that is, gain approval from Democrats Joe Manchin of West Virginia and Kyrsten Sinema of Arizona while keeping the left onboard.

It’s half the$3.5 trillion originally proposed. But it still involves massive tax hikes and expanded socialism, and it is made possible by shortening the periods of time programs last — under the probably correct assumption they will be renewed.

Here’s what’s in it and what’s not, according to the Associated Press:

Paid family leave and efforts to lower prescription drug pricing are now gone entirely from the package . . .

Still in the mix: Free prekindergarten for all youngsters, expanded health care programs — including the launch of a $35 billion new hearing aid benefit for people with Medicare — and $555 billion to tackle climate change.

There’s also a one-year extension of a child care tax credit that was put in place during the COVID-19 rescue, new child care subsidies and $100 billion to bolster the immigration and border processing system . . .

Biden’s proposal would be paid for by imposing a new 5% surtax on income over $10 million a year and instituting a new 15% corporate minimum tax, keeping with his plans to have no new taxes on those earning less than $400,000 a year, officials said.

Revenue to help pay for the package would also come from rolling back some of the Trump administration’s 2017 tax cuts, along with stepped-up enforcement of tax-dodgers by the IRS . . .

Biden will make remarks from the White House about the package, and a related $1 trillion bipartisan infrastructure plan, before departing later Thursday on global summits.

8 thoughts on “Biden releases details of $1.75 trillion social spending package”

  1. For the good of our country and to those of us who love and respect our country, I hope this entire far left extremist, socialist effort falls flat on its face.

  2. Our country is on a runaway course to complete collapse. Taxes keep ratcheting up, but drastically out-paced by spending. Our dear elected servants pad their own accounts, and those of their families and friends, and think nothing of it. They ignore the principles of government and prefer to shamelessly push their personal agendas.

    Well over half the country is tax-neutral or below, but they still can vote to stick it even more to the rich guy, making me want to puke every time I hear anyone gripe about ‘the rich’ not paying “their fair share”.

    We as US citizens prove we deserve as much, with no resounding “You’re ABSOLUTELY Fired!” forthcoming. We prefer to blame the other side of the aisle, even though there is not all that much difference.

    The press has also completely lost its bearings, ditching any personal respect for their responsibilities for ridiculous personal agendas and constant shameless grabs for headlines.

    This is sickening to witness.

  3. The real problem is that the Repubicans, when they do control Congress after 2022 elections, will not rescind any of this crap. They will find some stupid excuse to keep funding it (can’t have a shutdown), all the while griping about it.

Comments are closed.