Washington: Democrats could slash entire pieces of President Joe Biden’s economic plan to push it through Congress, House Speaker Nancy Pelosi suggested Monday, reports CNBC.
Party leaders have acknowledged they will likely have to cut $1 trillion or more from their $3.5 trillion social safety net and climate proposal. Trying to pass legislation with a razor-thin majority and no Republican votes, Democrats have to appease centrists who have called for a smaller bill.
The dilemma has left lawmakers deciding how to cut costs, either by scaling back programs or scrapping some altogether. On Monday night, Pelosi signaled her party could opt to remove some policies from the proposal entirely while keeping others fully intact.
“In order to pass both the Build Back Better Act and the Bipartisan Infrastructure Bill on time, it is essential that difficult decisions must be made very soon,” she wrote to House Democrats, referencing the two planks of Biden’s agenda.
She continued: “Overwhelmingly, the guidance I am receiving from Members is to do fewer things well so that we can still have a transformative impact on families in the workplace and responsibly address the climate crisis: a Build Back Better agenda for jobs and the planet For The Children!”
Pelosi did not say which pieces of the proposal could get cut, though she implied climate policy would remain a priority. The decision to scrap any part of the plan could affect the benefits millions of Americans will see from the legislation for years to come.
The proposal as first outlined would expand child care, paid leave and Medicare. It would extend enhanced household tax credits, create universal pre-K and make two years of community college free.
It would also encourage the adoption of green energy and the construction of climate-resilient buildings and infrastructure, through tax credits and other incentives.
As Democrats try to pass the legislation in the coming weeks, any effort to cut costs will come with significant tradeoffs.
Cutting programs to win over centrists such as Sen. Joe Manchin could risk support from progressives. For instance, Senate Budget Committee Chairman Bernie Sanders has championed Medicare expansion.