Biden Agenda Gets Boost on Democrats’ $3.5 Trillion Proposal

Bloomberg Quicktake: Now published this video item, entitled “Biden Agenda Gets Boost on Democrats’ $3.5 Trillion Proposal” – below is their description.

Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President Joe Biden’s economic agenda into law without Republican support, bridging divisions — for now — among some party factions.

Democrats on the committee had been divided about the size and scope of the package, with Chairman Bernie Sanders initially pushing a $6 trillion measure that added an expansion of Medicare, immigration reform, more generous childcare benefits along with other items to Biden’s proposal.

The Budget Committee agreement includes Medicare expansion, marking a significant win for Sanders. Senator Mark Warner of Virginia, a moderate, said the bill would be “fully paid for.”

“We are very proud of this plan,” Majority Leader Chuck Schumer, a New York Democrat, said late Tuesday. Schumer said it would include dental, hearing and vision benefits for Medicare recipients but didn’t detail whether a proposal to lower the eligibility age will be included or if a separate proposal to lower prescription drug prices is in the plan.

The draft budget proposal does not yet have the support of all 50 members of the Democratic caucus and could be changed further once moderates and progressives weigh in. House Democrats are coordinating with Sanders’s committee but have not yet announced whether they support the new agreement.

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    Bernard Sanders is an American politician who has served as the junior United States Senator from Vermont since 2007 and as U.S. Representative for the state’s at-large congressional district from 1991 to 2007. He is the longest-serving independent in U.S. congressional history, although he has a close relationship with the Democratic Party, having caucused with House and Senate Democrats for most of his congressional career.

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    “Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.

    It was founded on 8th January 1828 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Nancy Pelosi (Party leader) and Jaime Harrison (Party chair).

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