– Democrats are proposing plans for a trillion-dollar community package
Congress is dealing with another ambitious plan of US President Joe Biden. About $ 3.5 trillion should be loosened for social spending. Senators now have until Sept. 15 to propose changes.
Democrats in the U.S. Senate on Monday presented a trillion-dollar budget for a community package. The budget resolution provides for about $ 3.5 trillion (CHF 3.2 trillion) in social spending over ten years. Bernie Sanders, chairman of the budget committee, spoke about the most important legal program for workers, the elderly, the sick and the poor since the “FDR (President Franklin Delano Roosevelt) and the New Deal of the 1930s”.
Congress is tackling another ambitious plan of US President Joe Biden. Earlier, Democrats had already unveiled a massive $ 1.2 trillion infrastructure package. The Senate is expected to vote on Tuesday.
Only key elements of social cohesion are presented in the Democratic budget resolution. Among other things, it is planned to take tuition fees at public universities for two years and invest in additional infrastructure projects. In addition, “millions of migrant workers” are to be granted residency status.
Investments should also be made in climate protection
The bill “will bring the United States to a global leadership position in the fight against climate change and make our planet a healthier and more habitable place for future generations,” Sanders said. The largest amount is equivalent to Germany’s GDP by 2020.
Senators now have until Sept. 15 to propose changes. Democrats want to bring the plan through the so-called Senate to the Conciliation Process. This, in the fall, would allow the final speech in the Senate to be passed by a simple majority without the votes of Republicans.
In return, Republicans may oppose it elsewhere. This decision does not include raising the federal credit limit. In 2019, Congress suspended the credit limit for two years, but that decision expired on July 31, bringing back the $ 28 trillion ceiling. The Treasury Department now has only a few weeks without money.
Treasury Department Janet Yellen told MPs to act on Monday because “most of the debt that was subject to the credit limit was accumulated before this administration took office.” Yellen said Democrats and Republicans have come together in recent years to “do their duty.”