.@JoeBiden rolls out $1.9T "rescue plan"

- $400B vaccine/schools
- Stimulus to $2K
- $400/week UI
- $30B rental aid
- 15% SNAP boost
- EITC boost
- $25B child care
- $20B public transit
- $35B small biz/grants
- Fund COBRA thru Sept
- Boost ACA subsidy
- $15 minimum wage
+ more
New Pelosi-Schumer statement on the new $1.9 trillion Biden plan: "We will get right to work to turn President-elect Biden's vision into legislation that will pass both chambers and be signed into law."
The Biden economic plan will be a heavy lift in Congress. No cakewalk in the slim-majority Democratic House. Even tougher in the Senate where the filibuster is alive and well, and Dems may have to lean on budget reconciliation (can be used for some, likely not all these items).
While this plan won’t be easy to pass, Joe Biden has paved the way somewhat by taking a firm position that it should be deficit-financed.

Looking for $1.9T in offsets would probably have been a fatal exercise.

Bernie Sanders, likely next Senate Budget chair, calls Biden’s $1.9T package “a very strong first installment of an emergency relief plan that will begin to provide desperately needed assistance to tens of millions of working families facing economic hardship during the pandemic”

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Sahil Kapur

Sahil Kapur Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sahilkapur

13 Jan
BREAKING: The House of Representatives votes 232-197 to impeach President Trump for incitement of insurrection on the U.S. Capitol.

He's the first president in history to be impeached twice.
The 10 Republicans who voted to impeach Donald Trump:

Liz Cheney (WY)
Anthony Gonzalez (OH)
Jaime Herrera Beutler (WA)
John Katko (NY)
Adam Kinzinger (IL)
Peter Meijer (MI)
Tom Rice (SC)
Dan Newhouse (WA)
Fred Upton (IL)
David Valadao (CA)
New Mitch McConnell statement: "The House of Representatives has voted to impeach the President. The Senate process will now begin at our first regular meeting following receipt of the article from the House."
Read 6 tweets
13 Jan
NEW: This DHS analyst warned in April 2009 that right-wing extremism was on the rise and could lead to violence.

The conservative backlash was fierce and his unit was dissolved.

Now, he warns that the Capitol insurrection “isn't the final chapter.”

Daryl Johnson, an expert in extremism and violence, on the president's role. nbcnews.to/2N0IbTM
Illuminating insights from an analyst who predicted the rise of right-wing extremism a decade ago on how to quell it now. He says election lies must be renounced. He says GOP leadership is critical. He cautions against gun control.

Lots more here: nbcnews.to/2N0IbTM
Read 4 tweets
12 Jan
Chuck Schumer, in New York City, says Trump's recent remarks show "how despicable a president he is."

"What Trump did today, blaming others for what he caused, is a pathological technique used by dictators," he says, adding that Trump should resign or be impeached.
Schumer calls on McConnell to bring the Senate back early for an impeachment trial, citing a 2004 measure that allows the majority and minority leaders to reconvene the chamber without unanimous consent for an emergency.
And Schumer's remarks in NYC are disrupted by a woman yelling at him.
Read 4 tweets
9 Jan
NEW: @JoeBiden calls for setting aside deficit concerns to invest trillions of dollars in the ailing US economy.

@BernieSanders, likely incoming Senate Budget chair: “The president-elect is exactly right that this is not the time for austerity politics.”

As Washington reels from the chaos of a Trump-spurred riot, top Democrats are plotting an aggressive economic agenda after capturing both chambers of Congress. They sound less inclined to acquiesce to conservative demands on red ink than in the Obama era.

.@BernieSanders has big plans to use the filibuster-proof budget process to advance an progressive agenda, and quickly. He told me what he has in mind. nbcnews.to/3bs79pc
Read 4 tweets
8 Jan
FWIW: Manchin's spokesperson tells me he isn't drawing a red line against $2K checks, that he's open to hearing Biden admin's case for new payments but believes vaccine distribution should be a higher priority; he does prefer relief that's targeted to those who've lost their job.
As Manchin’s office tells it, his “absolutely not” quote was meant as a response to whether $2,000 checks should be the #1 priority now; he’s not with Schumer on that part, but doesn’t promise to vote against more direct cash either.
Sounds to me like a walk-back or a misunderstanding for Manchin. Either way it wouldn’t be the first time.
Read 4 tweets
8 Jan
NEW: Joe Biden’s agenda gets a fighting chance after Democrats capture the Senate.

Incoming Majority Leader Chuck Schumer promises “bold change.”

But he’ll face obstacles, including a 60-vote threshold and centrist Dems.

The landscape after Georgia 👇

The biggest thing that changes in a 50-50 Democratic-run Senate is Schumer decides what gets a vote, not McConnell. That’s a BFD — it means Biden’s policy agenda won’t die by inaction and his judges won’t need GOP sign-off to get consideration.

With narrow majorities in both chambers, Democrats will be limited in policy ambition. Centrists like Joe Manchin and Problem Solvers Caucus will have a say.

BIG QUESTION: What can pass under budget reconciliation? It's the only filibuster-proof vehicle.

Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!