President Leans Toward Smaller Price Tag Leave a comment

  • President Joe Biden is now pushing for a smaller spending package, The Washington Post reported. 
  • Moderate Democrats have stalled the passage of a $3.5 trillion spending package. 
  • Biden on Tuesday said a $1.75-1.9 trillion package could accomplish many priorities. 

President Joe Biden leaned toward scaling down the $3.5 trillion spending package to between $1.75-$1.9 trillion in a meeting with progressive Democrats on Tuesday, The Washington Post reported. 

The Post reported Biden told progressives they could still accomplish a majority of their economic agenda with the slimmed-down spending bill. 

The outline is meant to be a way to mediate between progressives and more moderate Democrats, like Sen. Joe Manchin who said he wouldn’t support the $3.5 trillion proposal.

Manchin and Sen. Krysten Sinema have sought to significantly reduce the price tag of the bill and have sparred with progressives like Sen. Bernie Sanders over it. 

In June, Manchin said he wouldn’t support a bill that cost more than $2 trillion. 

Sources told The Post the Biden administration believes a $1.9 trillion price tag would allow them to accomplish several priorities include some expansions to medicare, universal prekindergarten, and billions towards addressing climate change. 

However, the details have yet to be worked out, the Post reported.

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