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Stephen Semler
@stephensemler.bsky.social
Policy analyst/advisor. Newsletter: stephensemler.substack.com
287 followers111 following231 posts
SSstephensemler.bsky.social

Im with you on all that, but Biden deserves blame for enabling him. Manchin wanted the infrastructure bill badly, but Biden did an about-face and agreed to split it from BBB. In other words, he gave away the bribe for free. stephensemler.substack.com/p/why-isnt-t...

Delinking the reconciliation and infrastructure bills cost $1.7 trillion in climate, health, and social programs. After House Dems reneged on their promise to pass the two bills in tandem, the reconciliation bill was cut from $2.2 trillion to $0.4 trillion. This table compares the Build Back Better Act to the Inflation Reduction Act. Figures in billions of dollars: Climate, 560 to 369; child care and universal pre-K, 380 to 0; paid family/medical leave, 205 to 0; expanded child tax credit, 190 to 0; affordable housing, 175 to 0; medicaid home/community care, 150 to 0; ACA subsidies, 120 to 64; immigration reform, 110 to 0; education/workforce aid, 40 to 0; medicare hearing, 35 to 0; other, 190 to 4. Figures via CBO, CRFB, Joint Committee on Taxation, and Senate reports.
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SSstephensemler.bsky.social

I’m also curious why Biden didn’t include the child tax credit in his next budget request. He proposed it in the one after that, though, after Dems had lost the House.

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SS
Stephen Semler
@stephensemler.bsky.social
Policy analyst/advisor. Newsletter: stephensemler.substack.com
287 followers111 following231 posts