EPA
–
NOS News•today, 04:48
—
Democrats in the US Senate have agreed on a multi-billion dollar investment package. The package includes large-scale investments in areas such as green energy, childcare, housing and jobs.
–
It is not clear exactly how many billions are involved in the package. It is a slimmed-down version of President Joe Biden’s ambitious Build Back Better plan, which has long been without a majority within the party. Now that the Democrats have reached an agreement, that removes an important barrier to approval in the Senate.
–
Since the party only controls half of the Senate, Democrats must vote unanimously for plans Republicans won’t support. CNN reports that all Republicans intend to vote against.
–
The investment package was one of Biden’s election promises, which linked the success of his presidency. But the original version — worth $3,500 billion — didn’t pass Congress. Some Congressmen thought the plans went too far, others not far enough. Biden says it is the largest clean energy investment in his country ever.
–
In the end, Arizona Senator Kyrsten Sinema – a pivotal vote – agreed to a modified version today. She was initially opposed because the package is financed by a 15 percent tax increase for companies and the very rich.
–
Senator Joe Manchin, who previously blocked the plan, already agreed last week. Senate Leader Chuck Schumer said a procedural vote on the investment package could already be held on Saturday.
—
