Democrats' Reconciliation Bill Breaks Biden's Middle Class TAX PLEDGE & Trim Social Spending Bil

Democrats' Reconciliation Bill Breaks Biden's Middle Class Tax Pledge & Trim Social Spending Bill#democratsspendingbill#bidenmiddleclasstaxpledge#reconciliationbill
"During the 2020 campaign, Joe Biden and Kamala Harris promised more than 50 times that they would not collect taxes on Americans who earn less than $ 400,000 a year. But now Democrats are pushing for a trillion-dollar socialist reconciliation bill that breaks the promise. They claim that it costs nothing because it is "paid" with tax increases that do not harm the middle class or those who earn less than $ 400,000 a year. This is bad. The legislation will cost trillions of dollars over the next decade and will hurt working families and many Americans who earn less than $ 400,000 a year working-class families already see tighter budgets and higher prices under President Biden. Consumer prices rose 5.4 percent in the past 12 months, a significantly higher rate than when President Biden took office, when consumer prices rose just 1.4 percent in the past 12 months. Gasoline increased 42.1 percent last year, meat increased 12.6 percent, and TV increased 12.7 percent. Children's footwear increased 11.9 percent, bacon increased 19.3 percent, and fresh seafood increased 10.6 percent.
House Majority Leader Jim Clyburn says Democrats are carefully modifying the Build Back Better Act, the Democrats' massive social spending, as they seek to find a compromise that works for both moderates and progressives. in the country. The Party is acceptable.
"We are going to cut it very, very carefully, and with a lot of fear," said the Democrat of South Carolina on Thursday. While the House of Representatives passed a $ 3.5 trillion version of the bill, the two factions of the Democratic Party are negotiating what will remain in the bill. Since it will only have the support of Senate Democrats, the measure must win the support of all 50 Democrats to pass and two dozen Senate members want the price to drop before passing it. reconciliation bill,reconciliation update,reconciliation bill update,us immigration reform,us immigration latest news today,us immigration news,immigration news usa latest,uscis news,immigration usa 2021,us immigration,us immigration latest news,reconciliation bill latest update,reconciliation bill news,reconciliation bill latest news,us reconciliation update,us reconciliation latest update,us reconciliation news,us news,IMMIGRATION UPDATE