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Biden pushes spending price tag even lower in race to reach deal

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President Joe Biden has set a new $1.9 trillion spending cap on a new social welfare spending package, which would push even lower the recent $2 trillion limit the president imposed on Democrats as they struggle to reach a deal on the legislation ahead of an Oct. 31 deadline.

Biden, who met with centrist and liberal Democrats Tuesday and plans more meetings this week in a race to finish the deal, reportedly told the lawmakers to accept a spending range of $1.75 trillion to $1.9 trillion.

The number is far short of the $3.5 trillion Democrats initially hoped to spend but is not far from the $1.9 trillion to $2.2 trillion spending range Biden set in a private meeting with Democrats last month.

‘FISH OR CUT BAIT’: DEMOCRATS VIE FOR SPENDING ACCORD BY WEEK’S END

The new, lower cost is meant to win the backing of party centrists Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, who say the $3.5 trillion plan is far too costly.

Biden is brokering other changes in the package aimed at winning over Manchin, including shortening the time frame for extending child tax credits and limiting a paid family and medical leave provision to four weeks, down from twelve, according to the Washington Post.

The changes echo statements made by Speaker Nancy Pelosi, who said last week the package would provide $2 trillion in spending and that it would likely shorten the time frame for programs in order to reduce the costs.

Democrats will continue intensive talks this week.

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Green energy policies in the legislation remain a major sticking point. Manchin opposes the most stringent of the changes aimed at eliminating fossil fuels, including the elimination of tax breaks for coal and natural gas.

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Tags: News, Congress, government spending, Joe Biden, Nancy Pelosi, Joe Manchin

Original Author: Susan Ferrechio

Original Location: Biden pushes spending price tag even lower in race to reach deal

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