President Joe Biden has recently acknowledged that his $2 trillion economic proposal likely will not clear Congress this year. This means 2021 is going to come to an end with no real accomplishment in reforming social and climate policy. Although this is the case President Biden did seem confident that the negotiations would wrap soon with Senator Joe Manchin, a Democrat from West Virginia who has raised multiple objections to this package.
Bill’s Next Steps
President Joe Biden has recently acknowledged that his $2 trillion economic proposal likely will not clear Congress this year. This means 2021 is going to come to an end with no real accomplishment in reforming social and climate policy. Although this is the case President Biden did seem confident that the negotiations would wrap soon with Senator Joe Manchin, a Democrat from West Virginia who has raised multiple objections to this package.
Implications of Stagnation
Although Democrats cannot use the passage of Build Back Better, they can still bolster their $1,9 trillion coronavirus relief package and the $550 billion infrastructure law as some evidence that they are making campaign progress.
Wrapping Negotiations
Joe Manchin has been directly negotiating with Joe Biden on the bill, however, even with a direct line in, little progress has been made. The bill calls for five years of government spending and tax increases that are supposed to contribute $112.5 billion to deficit reduction, but Manchin argues this saying the bill would commit the government to even more years of contribution to the deficit. We will have to wait until 2022 to see the final version of this bill, which has more changes coming!