17 Burst results for "$3.5 Trillion"

"$3.5 trillion" Discussed on WSJ What's News

WSJ What's News

05:35 min | 1 year ago

"$3.5 trillion" Discussed on WSJ What's News

"Legislative wrangling continues in washington as democrats tried to salvage two huge spending bills. There's that infrastructure. Bill we mentioned at the top of the show and then there's the separate but extremely related three and a half trillion dollars social spending bill. Moderate and liberal democrats have yet to figure out a way to pass both bills all the while. Lobbyists are keeping busy because that unprecedented spending means business business. That brody mullins monitors he's an investigative report in the washington bureau and covers the lobbying industry. High brody hey thanks for having me thank you tell us about this lobbying frenzy right now. Who's in on the action. There's two main buckets of tax increases at stake here. One are rolling back trump tax cuts from a few years ago so when you take the corporate tax rate and you increase it that covers. All corporations all corporations pay which are most corporations so that affect everyone and then democrats have looked at particular industries where they're trying to squeeze more money out of a good example is the tobacco industry and the vaping industry gets hit with almost one hundred billion dollars in tax increases. And that's just a very clear. We are doubling the tax on tobacco. So that obviously only affects the tobacco industry And also the vaping industry another example is democrats or a rewriting the rules for how private equity firms pay taxes on their investments. But those changes hope to raise about a billion dollars a year from private equity firms If you go down the list of industries oil and gas tobacco pharma drug drug companies timber. Almost everyone there's actually a tax increase on accountants and tax preparers. Almost every industry has some tax provision affects them or affects them most directly And and lobbies for those industries are now going to capitol hill and trying to fight to remove those those lobbyists on capitol hill. Who are they targeting. Does this all come down to senators joe. Mansion in kristen cinema is so much in washington does these days republicans Across the board have said no. We're against this bill. We're going to vote it down Which means that people have. The power are democrats. Most democrats are voting for it. There's a small number of democrats who are undecided. All the lobbying effort is focused on those undecided members in the house. There's a maybe a few dozen house democrats who are subject to this lobbing and the senate as you mentioned there's two key senators are getting all the attention i i don't know how in the line of lobbyists out their door must must stretch for for miles because there's so many people who are trying to get to them so i don't know how many lobbies are actually getting to those folks but but yes they are. Those are the key folks in. How are these lobbies trying to block this bill. What does lobbying look like today. I mean is this all about campaign money or what are they doing. That's a great question. I think what lobbyists are doing right now. for particular industries is going to people on the tax writing committees of the people handle these provisions. And say hey you know i understand. You're trying to raise taxes on our on our industry we get it But if you were to raise the taxes on us from forty percent to fifty percent or fifteen percent seventeen percent. Here are the results of that. We're going to hire less people or have to lay off. People are not going to make investments. Or we're not gonna do this or that so these days while yes campaign donations help. It's really about making an argument of what is the unintended consequence in particular for the drug industry. If you're a democrat who represents a district that is home to a pharmaceutical company You could have tens of thousands of employees or tens of thousands of your constituents could work for the drug companies and if you're increasing attacks on them it's going to cause that common to lay off people in your district that that hurts you because unemployed people tend to not vote for your reelection so the point is that these companies do have good arguments. Need to find the right people to go to to to say. Hey these tax increases. We're gonna have an unintended consequence. That's going to that's gonna hurt the company and maybe even you brody. This could be the biggest spending bill in history and it follows trillions of dollars already spent uncovered released bills does all that money mean. The influence peddling business is just doing fine for itself. Well absolutely i mean. One of the ways of washington works is the more money that flows through washington. The more money that the government is is giving out for whatever reason The better the lobbying and she dies. I mean almost every industry and company early major companies have lobbyists and interest groups and influence peddlers here who tried to get that money so in this case you know. The government is saying congress saying we're trying to raise a one trillion dollars worth of taxes so every lobbyist here is saying. Hey don't tax us. Texas other industry or lower our taxes increase taxes on someone else So it's a real big fight and is really we'll get worse or at least more active If this bill fails right now. They are targeting one trillion dollars in tax increases. I imagine it. This bill fails and get smaller. They'll need maybe five hundred billion dollars in tax increases which means every lobbyist right. Now who's losing. We'll have a chance to win. I mean half the people be able to. We'll be able to get out of this bill and the other half will be screwed so it'll be a big fight between industries in between lobbyists about.

brody mullins High brody washington kristen cinema pharma capitol hill joe senate congress Texas
"$3.5 trillion" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

02:01 min | 1 year ago

"$3.5 trillion" Discussed on NPR's Business Story of the Day

"In congress are moving ahead with president biden spending plan. It includes up to three point. Five trillion dollars for new programs mostly aimed at helping lower income americans. They plan to finish work today on a long list of new tax increases to make that spending possible. Npr congressional correspondent kelsey. Snell has been looking into this story. Good morning kelsey. good morning. What are democrats proposing re taxes. So democrats say they can raise at least two trillion dollars in as much as three trillion dollars with this plan. You know the big ticket items are increases to the top corporate and individual rates. You know basically they're trying to roll back. The tax cuts republicans passed under president trump. In two thousand seventeen okay. Let's parse those two out. What would this mean for taxes on individuals on the individual side. Democrats promised voters that they'd undo taxes for the wealthy and this is really their moment to do that. They want to return the top tax rate to thirty nine point six for individuals. Earning over four hundred thousand dollars. They also want to increase the rate high income. People pay for selling things like stocks and other assets. It's called the capital gains rate. And they wanna make the top rate for that twenty five percent which is a pretty big hike and what would it mean for businesses. Their plan would increase the top corporate tax rate from twenty one percent to twenty six and a half percent. Now that is not a full reversal of the tax cuts. Republicans passed and it's lower than what biden proposed they also plan to include changes to the rules for pass through businesses. Now sometimes that includes doctors and lawyers but it basically means that someone reports business income on their individual taxes and they wanna make it harder for companies to avoid the new higher taxes. How are republicans responding to these proposals while republicans say that the bill will actually have some pretty harmful effects on the economy. Mostly by making the us an unattractive place to run a company and they say it would penalize companies. That would normally use the money. They'd have to pay in new taxes to reinvest in their

president biden kelsey Snell Npr biden kevin brady bernie sanders us
"$3.5 trillion" Discussed on The Politics Guys

The Politics Guys

05:30 min | 1 year ago

"$3.5 trillion" Discussed on The Politics Guys

"So why don't we move on for var lengthy discussion. But i think you know enter worthwhile discussion. I'm going to talk a little bit about a non kovic topic that three point five trillion dollar senate budget agreement. Yeah i mean clothes always appropriate to talk about especially when it comes to policy but this is also read made a lot of news this week. So the senate passed a three point five trillion dollar budget proposal It was in a fifty to forty nine party. Line vote in the senate and so i figured We talk about what's in it Some of the potential long-term budgetary affects As well as objections from both republican senators and from some moderate democratic senators about what is actually in the proposal. I mean either way. Get ready for plenty of debate. Now that this first fertilised cleared you know. This is not off the table And then of course kind of just to to introduce the topic kind of related to that is the issue of consumer confidence talking about finance on this week. The university of michigan consumer sentiment index fell by thirteen point five percent in august which is the third largest single month declined behind april twenty twenty which was the onset of code lockdowns in october. Two thousand eight which was prior to the great recession. So there's a lot of of you know financial news this week. This three point five trillion dollar budget proposal. Simple back from some democratic senators. What do you think. Well i would say as to the package itself. Not that it will pass in in this form. I don't think that's likely but it will pass in some fun. I really like what's in it. I mean the main things. I'm really happy about higher taxes on the wealthy over one hundred thousand dollars. I like that certainly a return. To at least somewhat of the pre trump era on that adding dental hearing and vision coverage the medicare i. I liked that. I liked the idea of medicaid expansion to those twelve. Republican states. haven't done so yet. Under the aca lowering prescription drug costs universal pre-k tuition free community college paid family and medical leave hundreds of billions climate..

senate university of michigan medicare medicaid aca
"$3.5 trillion" Discussed on Radio Boston

Radio Boston

02:46 min | 1 year ago

"$3.5 trillion" Discussed on Radio Boston

"Okay let's talk about a topic that we've engaged with you really consistently out over the last couple years mass and casts the intersection of homelessness and addiction wbz. Deb becker had a story earlier this week about a new syringe collection program. Their goal was a thousand needles a week. They're typically collecting between seventeen and thirty thousand needles. A week now. Nearly every candidate has a plan for mass and cass. What is different about yours. What's your approach apart. So i i. I want to congratulate in truly applaud. The work of that needle exchange effort. That's happening the needle redemption program. That's happening at nasa and cast. It's very innovative and necessary. And see that by the numbers that you quoted there and collection when i took office in two thousand sixteen. I got to work on this. I was the chair of a committee. I founded on homelessness mental health recovery. That brought me very directly in very frequently to mass in casks to work with individuals who are experiencing homelessness and substance use disorder a mental illness to work with the providers in the programs that are offering support the organizations that are working towards rehousing individuals who are unsheltered and have continued um with great intensity and urgency focused on this issue. Unfortunately my committee was disbanded. But i've continued in your as much with as much effort in opportunity to continue to focus on that work and for me it's about continued commitment to serving those that are most vulnerable working with the community who are greatly impacted by the challenges. That happened at nasa. Making sure that we are focused on that issue in in i through some of our efforts through my role as a city council today and you think about the work that we can do the opportunity that the refunds bring us new to invest some additional dollars and getting people into support into supportive programs decentralizing services at the massive cast area creating opportunities for longer term wellness rebuilding a long island bridges investing longer-term programs working towards family reunification where By where possible and making sure that we're thinking about term wellness when it comes to mass cask the needles in particular we. When i took office in two thousand sixteen i with a few other folks did a little bit of a walk around with the mobile shops team is doing not just needle pickup. But outreach and over that year they collected about two hundred fifty needles and still two hundred fifty thousand dollars. I'm sorry and still. We knew it wasn't enough often. And i worked as a member of the council to advocate for and.

Deb becker nasa
"$3.5 trillion" Discussed on Radio Boston

Radio Boston

05:32 min | 1 year ago

"$3.5 trillion" Discussed on Radio Boston

"Yeah so. I in say connect those dots for so. We covered the the un report earlier. This week here on radio. Boston tried to take a good local focus on it in that three point five trillion dollars. There's more than climate. There are a number of other things as well. But what are some of the specific policy measures that you want to see in the final plan for how that three point five trillion would get spent that matter to massachusetts and matter to that u n report okay. Well y- the the un has now given us out final one and that report says that responsibility is unequivocal and the affects of the climate crisis are unprecedented and we have an undeniable call to act and so inside of the big democrat. Only bill our tax breaks for wind and solar electric vehicles For battery storage technologies And we have to get it passed so that'll be hundreds of billions of dollars over a ten year period so that we need a climate bank climate accelerator so that we can have low interest loans to cities and towns and small businesses and large businesses. All across the country and for every dollar we put up the private sector saying they'll put up seven dollars so That climate accelerated could unleash hundreds of billions of dollars of investment We need a A civilian climate core alexandro casio cortez. And i am bernie. Sanders introduced the legislation for that and the money is in the democratic bill In order to have a civilian climate have hundreds of thousands of young people Who will be able to get jobs and go out like The peace corps like america. But there'll be a civilian climate core. That will be enlisting hundreds of thousands of young people. That's money is in as well so we have an incredible. You know agenda that's inside of the democrat only bill including environmental justice mapping and if we If if we're smart wise and able to accomplish it we're going to have all fifty democrats who will come together to support that package and then and then we will Be able to Put both bills on the The desk of the president and don't forget the second bill also includes universal pre-k that's free community college which is free paid family we've Child tax credits and in a path to citizenship for immigrants in our country. Yes it's it's so it's a huge bill. And i i know i keep coming back to this a little bit like a dog with a bone. But i'm going to continue to be a little bit like a dog with a bone on you've referred you've referred to it a couple of times here is the democrat only bill and i wonder is it a democrat inclusive bill and is is there a rub their so just this week. Senators joe manchin of west virginia. Kristen cinema arizona expressed concern over the total price tag. You've gotta get something out of the house. I heard read reports in. We have read reports that as many as ten democrats who are more centrist. Might be concerned about letting it out in the three point five trillion..

un alexandro casio cortez Boston massachusetts bernie Sanders america Kristen cinema joe manchin west virginia arizona
"$3.5 trillion" Discussed on Radio Boston

Radio Boston

03:15 min | 1 year ago

"$3.5 trillion" Discussed on Radio Boston

"This is radio boston. I'm john during a lot going on in the nation's capital this week yesterday the senate passed a roughly three point five trillion dollar spending. Plan that on the of passing a one point. Two trillion. Dollar bipartisan infrastructure. Plan on tuesday. And it's still not a done deal not even close right now. The larger spending package is just a big number list of priorities and lawmakers now have to get to work on the long process of actually drafting the legislation that would determine how the money gets spent. Meanwhile the house isn't ready to vote on the smaller. Bipartisan transportation infrastructure bill. That's the one point two trillion dollar one progressives in the party wanna flesh out the bigger package i and it could be hard to keep all the coalition's in place through all of that. So four point seven trillion dollars. Total hang in the political balance. Will it make it across the finish line. We checked in with massachusetts senator markey at market. Just last hour to see if he could help shed some light on all of this and i started. By noting to big packages totaling. Several trillion dollars passed in the senate. That's a lot in one week. It was a lot but it didn't just happen overnight. Like many things if it built actually from last year on the infrastructure bill where trump kept having infrastructure week after infrastructure week and i serve on the transportation and infrastructure committee so we had finished a big part of the bipartisan bill. Last year we brought it forward And we were able to bring in some republicans who said that they would defy. The trump tweets In work on a bipartisan bill. And the big news from massachusetts is. We have four billion dollars. Highways in the bipartisan bill. We have a billion dollars for bridges to be repaired. We have two point five billion for the nba and other transit We have Money for electric vehicles will have hundreds of millions of dollars for broadband deployment inside of massachusetts inside of that legislation And there's also money for electric vehicles. There's money for electric buses in their for massachusetts. And that's before we reach the three point five trillion dollars of bill. That's gonna be all democratic senator. Let's start with the eight billion that comes out of the smaller. Bipartisan one. Point two billion dollar kinds of kind of roads and bridges package. How do you get that one over the finish line especially given that there is argument within the democratic party on whether or not the three point five trillion dollar larger spending package needs to get legislated. I well we're going to be sending both of these bills overa- and it's a combined four point Seven trillion dollars one point two trillion and the bipartisan bill. Three point five trillion in the democrat. Only bill and what nancy pelosi has made very clear. Is that neither. Bill will move until both bills move over there..

senator markey massachusetts senate transportation and infrastruct boston john nba democratic party nancy pelosi Bill
"$3.5 trillion" Discussed on The News & Why It Matters

The News & Why It Matters

05:13 min | 1 year ago

"$3.5 trillion" Discussed on The News & Why It Matters

"I think i. I firmly believe and i don't mean to be bleak here but but america is not probably going to come back from this in terms of the track record. We're on because you would need stronger support against these things. I would have more hope if i was like every republican voted against it. So it'd be like okay. Well we need to get the majority but it's like it doesn't matter if we don't have the majority or not these people are are are republicans are leaders are in the pockets of these special interest groups and of the corrupt and they are not looking out for us. Shame on them. The majority will matter because every time they do get the majority they sell us. Oh we need one other branch of government. Oh we need one more thing like when they actually had it. We had the start of Trump's administration we had. We had everything everything we needed to do. They did jack squat. Well that's what really is is worrying me is that you know you had a i mean. President trump was one of the most amazing presidents in my lifetime. Obviously i was a president trump supporter but even under president trump. Nobody gave a crap about spending at all. I mean we're still spending at record levels so it's like at what point we're who is the party of less government spending. I don't think there is the point at all. It does not exist. It does not exist as we know. There's a few that can you put it. probably on one hand. That believe like that. Maybe he crews people at yeah like that. But that's about it but this is. This is a big warning though if this does fail you're going to see a rapid advancement towards something that this country is not founded on has nothing to do with freedom loving principles and my example on that is what the cdc did. I'm sure you guys talked about this. When i was on vacation a couple of weeks ago but when come back when they thank you dan but they When they did that thing with do when the moratorium on victims basically they did what congress should have done. I'm not saying that. I wish they would have done that. But that's exactly yeah. This is the fruition of. What would your wilson started the turn of the century the during the progressive era carson. Basically what they did is they set the framework. Fdr built the alphabet soup and all the all the bureaucracy and then they sat back and waited for a time when a crisis when they could subvert the constitution. Do an end around. And how do you do that. You weaponized the barack bureaucracy. Have them do which by the way they're all in the pocket of the left and liberals have them do what congress won't do or the constitution says can't be done. That was a terrifying precedent. Right there so when this if this does fail. If they don't get this done what other bureauc- bureaucratic agency is going to be weaponized to do all this crap anyway. Department of homeland security. Fc coming down on news organizations. Like this one. I mean seriously. The sky is limit on what they can do department of agriculture. All these different things says department or agency the even the capitol police are now intelligence intelligence organization zero oversight. We're now intelligence. I wanna hear two billion dollars for security. I go two billion. Where do you guys get two billion dollars for security of a building like. That's the most insane thing i've ever heard in my life and it's like well we just decided that. And when you look. And this is what i want i want. People to understand is to prove that they're not governing at all for the people and their operating rogue rogue government is the fact that when you pull the people because i and i read the pulse from moose and whatnot and you look at like how many people support voter. Id well the majority of black people and also majority of people in general. But it's like then bingo. Nope we don't want that and when you look at the we the people act that they were trying to push through. Most people didn't support it. Barely anyone who like seventeen forty percents on any given point of people supported point so not on any point not more than half the people support anything and overall it was seventeen to twenty three percent of people supported that bill at still push the they went to their deaths and he died on that hill to push a bill to the american people didn't want and it was like and they and they had the dass ity the sheer audacity i would never talk about punching a congress person but some people might feel like doing that. Because it's the audacity to go in and to push call the bill we the people for us and it literally is not supported by anybody. And so that's that's the nearly they have to slap in the face with children's show a wet fish but they pull it out they pull it out of their parents officially slap you with the salmon you know and you feel you. They know that they're running rogue they don't care that they're running rogue and they do it as they laugh in their faces. And what do you do at this point. And i'm serious. People are at the point where to go. What do you do at the point when your government no longer represents you and i if the answers are hard to confront yeah i totally agree all right. We've got obviously a very heated segment. We've got more to come. I wanna thank our sponsor. I have to tell you guys There's never been a sponsor that has been more perfect for a particular segment. Our sponsors american hartford gold this segment and you just heard it right here. Obviously the state of our nation has completely changed and with it. So has the world's rock-solid confidence in the us dollar gee. I wonder why. I don't know maybe it's the trillions and trillions of dollar dollars that we keep talking about govern government out of control spending Obviously there are a lot of experts who think that there are dark days ahead for the. Us dollar that is why now more than ever..

President trump jack squat congress Trump cdc capitol police carson Department of homeland securit dan department of agriculture wilson barack us hartford
"$3.5 trillion" Discussed on The News & Why It Matters

The News & Why It Matters

03:40 min | 1 year ago

"$3.5 trillion" Discussed on The News & Why It Matters

"Welcome to news and why it matters. I am sarah gonzales today. Joined by chief researcher of the glenn beck program jason buckle who was also a fellow doberman lover and by the way. I am trying to bring you on board to help me convince my husband to get another doberman so we need to talk about that. I him over. I don't think one dormant is too much. I believe and two cats and three other dogs all right anyway. Also the thankfully joined by schaefer host of slightly offensive and also the upcoming show that has already been announced on. tv called. you are here. Which is hosting with sydney watson. And we're all very excited. Expletives to put into perspective today's episode of my show. It's about to come out. I just put like capitals uncensored in the tidal and then also we made a whole new warning at the end. You're like this is a really bad episode. We've got like a graphic in the beginning like every word in this that exists in link the language that you should not use as now in this episode. The that's where my guests were today. Things are so stupid like there was new words that i learned today. Those warnings like catnip for me. I'm clicking on. That show is already. I mean it's not. It's not the censored news. Show that the british cigarette words don't just called slightly offensive. So i'm gonna watch my words to okay. Well i i won't say i appreciate that but our overlords here of leasing appreciate that all right. So senator joe manchin of west virginia. Of course. I don't know if you guys just just in case there are any newbies here. This is a democrat who we are talking about Is sending a warning shot to president biden and all of the democrat congressional leaders saying that he quote serious concerns about the three point five trillion dollar spending bill that the democrats want to pass later this year. Now this bill just just to put it. We were having this affair conversation about it because there are so many is like there's so many spending bills going on. We've got the infrastructure bill. That's what one point nine trillion that they just passed and this three point five trillion dollar spending bill that they just voted to advance So that they could debate it so obviously. All of the democrats voted to advance the bill so that they can debate it but but joe manchin is saying that he thinks that that is. It's too much. She says given the current state of the economic recovery. It is simply irresponsible to continue spending levels more suited to respond to a great depression or a great recession non an economy that is on the verge of overheating He also said that irresponsible levels of spending could negatively impact the ability to react to quote unforeseen consequences and here is let me let me. I want to get your thoughts on this gentleman by the way i also wanna say cureton cinema who was also a democrat Also said that she would not support three point five trillion dollar price tag and would try to shrink the spending package as they debate it on the floor of the senate but let me let me give you first chuck schumer. Who was asked if he would consider a lower price tag given mansions opposition. Here's what he said. Look there are some in my caucus whom i believe. It's too much there are some in my caucus who believe it's too little the original bill. Senators hinders put in with six trillion. I supported that. And i can tell you this in reconciliation one. We are going to all come together to get something done and to. It will have every part of the biden plan in big four in a big bold robust way menu.

sarah gonzales jason buckle sydney watson senator joe manchin president biden glenn beck schaefer west virginia joe manchin cureton depression chuck schumer senate biden
"$3.5 trillion" Discussed on WSJ Minute Briefing

WSJ Minute Briefing

01:44 min | 1 year ago

"$3.5 trillion" Discussed on WSJ Minute Briefing

"Edward <Speech_Female> jones <Speech_Female> it's time for investing <Speech_Female> <Advertisement> to feel individual <Speech_Female> <Advertisement> learn more <Speech_Music_Female> <Advertisement> at edward jones <Speech_Music_Female> dot com. <Music> <SpeakerChange> <Speech_Music_Male> <Speech_Male> <Speech_Male> Here's your morning <Speech_Male> brief for wednesday <Speech_Male> august eleventh. <Speech_Male> I'm kief collins <Speech_Male> for the wall street journal. <Speech_Male> The <Speech_Male> us senate early this <Speech_Male> morning past democratic <Speech_Male> <Advertisement> back three <Speech_Male> <Advertisement> point five trillion <Speech_Male> dollar budget blueprint <Speech_Male> along party <Speech_Male> <Advertisement> lines. It's <Speech_Male> the first step in a process <Speech_Male> designed to allow <Speech_Male> democrats to push through <Speech_Male> <Advertisement> the package of education <Speech_Male> anti-poverty <Speech_Male> climate and other <Speech_Male> provisions without <Speech_Male> republican support. <Speech_Male> The house <Speech_Male> is expected to consider <Speech_Male> the budget resolution <Speech_Male> later this month. <Speech_Male> A chinese <Speech_Male> court sentenced <Speech_Male> canadian entrepreneur. <Speech_Male> Michael spam or <Speech_Male> to eleven years in <Speech_Male> prison on espionage <Speech_Male> charges in <Speech_Male> <Advertisement> one of two cases <Speech_Male> <Advertisement> at the center of a diplomatic <Speech_Male> standoff <Speech_Male> handed his ambassador <Speech_Male> to china's said his government <Speech_Male> would work to secure <Speech_Male> the freedom of speech over <Speech_Male> and another canadian <Speech_Male> michael bloomberg <Speech_Male> who awaits the verdict <Speech_Male> his trial. <Speech_Male> Their cases are widely <Speech_Male> seen as retaliation <Speech_Male> for canada's <Speech_Male> arrest of mum <Speech_Male> lonzo an executive <Speech_Male> chinese <Speech_Male> tech giant railway <Speech_Male> who faces extradition <Speech_Male> to the. Us <Speech_Male> president <Speech_Male> biden. Today <Speech_Male> is set to call on companies <Speech_Male> to require <Speech_Male> covert nineteen vaccinations <Speech_Male> for their <Speech_Male> workers. He's <Speech_Male> expected to ask <Speech_Male> the private sector to follow <Speech_Male> the lead of companies <Speech_Male> including kaiser permanente <Speech_Male> <Advertisement> and united <Speech_Male> <Advertisement> airlines <Speech_Male> <Advertisement> which have said their staff <Speech_Male> <Advertisement> must be vaccinated. <Speech_Male> <Advertisement> Investors <Speech_Male> will be watching <Speech_Male> consumer inflation <Speech_Male> numbers due out this <Speech_Male> morning and ebay <Speech_Male> is among the companies <Speech_Male> set to report earnings. <Speech_Male> Today we <Speech_Male> have a lot more coverage of <Speech_Male> the day's news on the wsj's <Speech_Male> what's news. <Speech_Male> Podcast you <Speech_Male> can add to your playlist <Speech_Male> <Advertisement> on your smart speaker <Speech_Male> <Advertisement> or listen and subscribe <Speech_Male> <Advertisement> <SpeakerChange> wherever you <Speech_Female> get your podcasts <Speech_Female> <Advertisement> lately. <Speech_Female> It's been hard <Speech_Female> to think about the future <Speech_Female> but at edward <Speech_Female> jones. We want <Speech_Female> you to get back to drafting <Speech_Female> dreams and building <Speech_Female> plans for tomorrow. Learn more at. Edward jones dot com.

"$3.5 trillion" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

03:52 min | 1 year ago

"$3.5 trillion" Discussed on NPR's Business Story of the Day

"Dot com slash 401k. The senate is moving ahead with one of president. Biden's top economic priorities early. this morning. It took the first step in passing a three and a half trillion dollar budget. Reggie resolution that could lead to major reforms in social programs. The vote came just hours after the senate passed a trillion dollar infrastructure. Package with bipartisan support. This is all a win. For the president who promised to invest in the nation's economy and also proved the democrats and republicans can still work together. So what might this mean for the president politically. Npr white house correspondent us. Mukalla joins us now. Good morning. Good morning debbie. So what now has to happen for these two bills. Well this three point five trillion dollar spending package. That is chock full of democratic priorities for things like climate change and childcare is actually just starting to get worked out so it's just really the first step and frankly it's not going to get any republican votes. Democrats have been insisting that this bill the three point five trillion. Dollar one. Along with the bipartisan infrastructure. Bill must be passed in tandem. The problem for democrats is that they have such small majorities in both chambers. That it could be difficult to keep all their members in line Now president biden seems competent. That he is going to win passage of the two spending bills. That would come on top of the big kovic relief bill from earlier this year. Will voters take note perhaps but it is not clear that voters have thus far been connecting the dots back to president biden. And even if they have been personally benefiting from something he's done steve shale is a democratic strategist and leads unite the country. It's a pro biden. Superpac that's been running ads trying to promote the president's accomplishments. He told me the story of a republican woman in one of his focus groups. Who were saying that. The expanded child tax credit had been a lifesaver but she did not attribute that to the president and she'll feels that democrats are going to have their work cut out for them ahead of the midterms. If there was a lesson of two thousand and ten or two thousand fourteen. Tickly two thousand sandwich which i look through and have very real scar. Tissue from is that you have to draw those lines and the fact that voters are clueless with voters are busy certainly busy this year trying to survive a pandemic right. How cases are skyrocketing again. Does that hurt. biden's agenda. I took that question to the white house. And the white house told me that they have always known that everything is intrinsically tied to cove it in its unpredictability. They also insist they can walk and chew gum at the same time and say look at infrastructure but in terms of other issues democratic pollster celinda lake whose advised biden told me that issues like crime or climate change or even voting rights. Have all fallen off priorities for voters. She's noticed that when concern about covert increases. It seems to cloud out everything else. And the president has gotten good marks to date for how he's handled the virus. The question of course is whether delta at all changes the dynamic here celinda lake. I think the jury is still out. People still trust him and his job performance on cova. It's his best area on the other hand. I think people are. What can we do about it. Is there anything that can be done about. It is my governor at fault. Is my president. Doing what he should and people are really floundering right now. You knew salida says there are aspects of the democratic agenda that are seen as solutions to problems people have experienced during the pandemic things like expanded childcare. That are a part of that. Big spending bill. Democrats want to pass in congress. The tricky thing is republicans are also pointing to that big spending bill and saying that. It's gonna drive up inflation so really. The question comes down to you. Know connecting the dots. In which party can do that. More effectively well. Thanks so much. Npr's as mukalla my pleasure..

president biden Mukalla senate white house steve shale biden celinda lake Biden Reggie debbie Bill cova salida congress mukalla Npr
"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

03:11 min | 1 year ago

"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

"When we were debating that i budget reconciliation. Democrats wanted to add a fifteen dollar an hour. Federal minimum wage in there and they had all kinds of ingenious arguments as to why that oughta just count spending but it was policy and she refused to do it now. One of the other things in addition to trying to flood the zone. I think it's i don't think it what happened but in keeping with democrats kinda radicalism and Busting of norms when she did veto that federal minimum wage increase there were a number of progressive democrats that wanted the senate to vote to overrule her And in the end you know. Some of the traditional respecters for so-called cl- stated claims that they liked to protect senate traditions like joe manchin. They rejected that effort So but i think that threat hanging out over her head not just. There's all these things and she could really annoy them. But that in the end they could just bust. The whole precedent of the senate parliamentarian is also something that's going to be weighing on her. I mean surely she recalls what kim was describing after this fifty dollar minimum wage ruling there were democrats who called for her to be fired their democrats who called for the vice president khama harris in the senate presiding to just overrule the her her ruling of the bird rule and so bill. All this is going to be an interesting mix when this huge package of three point. Five trillion dollars comes up Maybe in september and these issues start getting getting a ruled on and possibly thrown out of the bill yet. Look i think it's part and parcel of a larger democratic in patients with any institution that gets in the way of What they want at the moment and that could be the electoral college that could be the senate rules that could be in texas. They are rules for their legislature. And so what they immediately. Demand is for to be changed because again if people insist on a plane ordinary reading of you know what's relevant and not they'll be big questions about some of these big ticket items that democrats really want. So i think we're going to have a test of whether the senate is going to impose any real limits or whether it's just going to give way as so much of the rest of the party is done to the enthusiasms of the progressive agenda and i'm not very hopeful but it puts a lot on this parliamentarian and then the question will be if she does for example rule. Some of these things out is going to be a coordinated attack on her. You know as a tool the republicans or something are democrats going to abide again. During the trump years we heard a lot of stuff about the violation of norms. And everything and i. I think we're gonna see a big test case of that Right now in this reconciliation. Bill thank you bill. Thank you kim. Thank you all for listening will be back later this week with another addition of potomac watch.

senate khama harris joe manchin kim texas Bill
"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

05:26 min | 1 year ago

"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

"From the opinion pages of the wall street journal. This is potomac watch. Welcome back on the tax portion something. Another other line that jumped out to be. Was this It says just the just the three words salt cap relief and a bill. That's notable because there has been a bit of a fight within the democratic party. The the trump tax law capped the deduction the federal deduction for state and local taxes at ten thousand dollars and blue state. Democrats people from new york. Long island have argued that they democrats should uncapped that should bring it all back progressive democrats including bernie sanders. I believe have argued essentially that the salt deduction is a huge tax break for the rich. And and so. Why would democrats go defend that. And it's interesting now to see in this document that it looks like these assaults capra. Peelers have have won that debate at least for now. Yeah that that's incredibly interesting. Because i think it is. It is Tax relief for the very rich. And you know you mentioned a blue state provisions that the blue state democrats are arguing for salt cap relief to go back to the old way to re- to repeal what the trump tax cuts did. But actually it's even. It's even more interesting than that. It's really a squabble. Between most blue state democrats and democrats from a few blue states california illinois new york. Maybe connecticut in new jersey They're just a handful where that really mean something. You know for a lot of other blue states. The salt cap isn't isn't that big deal. So it shows you as as you say that this is where the anti bernie wing has one. They're they're trying to claw back a deduction that's especially important for the rich constituents in these Very populist blue states. Well let's talk about the byrd rule now a little bit This is the senate rule that says the budget. Reconciliation process is reserved for budget items reasonably. Enough you can't take a provision that is extraneous and sneak it into a budget bill and call it a budget bill and the question that i have here. Kim is There's i guess we'll start with with a provision. That looks the most clearly to me like something that is probably gonna get struck from this bill and it is essentially green cards for certain classes of immigrants. That want them and are not documented..

bernie sanders the wall street journal democratic party capra Long island new york bernie wing connecticut illinois new jersey california senate Kim
"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:13 min | 1 year ago

"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

"The likes of which we have not seen it a log long time and i think that This kind of expansion illustrates like greater fears about this look. I think it's awful that we're spending this three point five trillion with very little attention to the details like this and frankly i i have questions about the infrastructure bill on this. Is it really the smartest way to be spending a trillion dollars. I'm not so sure. But on this what you're pointing to that little provision on the committee and finance about expanding medicare This is a structural change too so a lot of this stuff is entitlements and instruction a structural change about how the program is administered or so forth in. Those things are really permanent. I mean it's bad enough to throw a lot of money at something but we are changing the structure of a lot of these programs in in in ways we don't even begin to understand. I mean what's going to be done in the name of race equity and so forth we don't know or greenness you know were promised all these sort of green union jobs that worries me as much as the top line spending which is enormous. Yeah and can. I add here just on bills point and yours kyle about the the seeming anodyne dinas of that language but what it really means that expanding medicare and lowering eligibility age. Remember that when we were in the democratic primary they had a big fight about medicare for all And basically free healthcare for everybody in the country and recognizing that unions didn't like it and then a lot of americans rejected that idea instead. You saw democrats move a modify their plans toward creeping to that goal by instead. Slowly lowering the age of medicare until it basically encompassed. Everybody you know that is what thou those few words in there mean. This is a first step toward that And it's a remarkably huge step and one that we'll see if the press gives any attention to hang tight we'll be right back you're listening to potomac watch from the wall street journal morning momma how you feel in rate and i'm ready for you today..

medicare kyle the wall street journal
"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

05:19 min | 1 year ago

"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

"I should say is not binding so we have a weeks. Now where Each of these committees is gonna break down and come up with their plans and there will be debates on the individually and separately. it seems. Yeah i mean if you look at the document that you mentioned the memorandum of for the democratic senators. i mean. it's not surprising why we get this kind of spending. Is kim says you know they start with the top line so let me. Just give one example. Let me read out the committee on health education labor and pensions and it says they health committee receives an instruction of seven hundred twenty six billion. That means that's the money that they could spend. And then it lists all the things that they're expected to fund under that universal pre-k Child care for working families. Tuition free community. College pell grants school infrastructure health equity maternal behavioral in racial equity health investments You know it's such a backwards way of spending. You would think like in our own lives. How do we spend if we're spending on her house and We're looking at our house when we're saying what do we need. We say well. We need to replace the plumbing. I need a bigger kitchen. And i might need a new driveway. Then we try to find out you know how much all these things cost. And then if we can't afford it if we don't have the money we say well. We need a kitchen more than we need a driveway. We make choices this is. Just i mean it's just an invitation for more spending and not close attention to any of the details you know unless one of the opposition members decides to make a case out of it. It's just starting with the money and looking for things to spend it on and it's just such an appalling way and it sort of shows why in washington the more you spend in something like this distri point five trillion and the fact that is going through reconciliation process itself means that there's less attention and less debate to to each item spending than there should be in other words the bigger it is the less responsible it is and i think it's also true that this is a this has a very broad scope. I mean it's easier almost to talk about what's not in the bill Excuse me the reconciliation destructions. And what isn't it. Because it is a lot of everything that joe biden has been talking about on the campaign trail and in his american families plan We've got a civilian climate core downpayment assistance. Universal pre-k Ah camp there's it's it's almost it's kind of staggering the the the breadth of the document absolutely staggering. It's basically a progressive wishlist that hits every single sector of the economy every type of welfare program. Any kind of thing that they would like to give away from for free so it has huge Additional sections of.

committee on health education kim washington joe biden
"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

03:08 min | 1 year ago

"$3.5 trillion" Discussed on WSJ Opinion: Potomac Watch

"Bernie sanders releases a framework for the democrats three point five trillion dollar budget bill. What is in it and all this stuff really pass with only fifty votes. Welcome kyle peterson with the wall street journal. We're joined today by my colleagues. W columnists kim strassel ed's bill megared on monday. The senate budget committee led by senator. Sanders released this three point five trillion dollar framework. It's only about nine pages log if you wanna go look at it yourself. It's important to understand though that this is only the first step in what could be a long process. Here's a bit from the bible. It says the budget. Committee's was to provide instructions that allow every major program proposed by president by to receive robust funding. The recommendations below should allow the proper flexibility for the committees to make policy decisions unquote so kim. How does this process work. And what are the next steps. Well first of all. Let's just remind everyone what budget reconciliation is in theory. The majority party gets to use it once a year. It's a process in which you were supposed to pass Spending and revenue provisions As a result it falls under special rules that require The majority in the senate have only fifty votes or fifty one votes to pass it In interestingly this is actually the second one for this year we had one. It was passed a the cove relief. Bill that the democrats did back in the february march time was also reconciliation. And that was the holdover from the twenty twenty. The twenty twenty budget resolution never happened And so it. It moved over into then and now democrats have a second bite at the apple And this is the first step you are basically put out a framework a top line a document that lays out The instructions to all the committees The amounts that each of them will have to play with the overall number three point five trillion here and how that db's up And then generally the priorities that you want to see included in the text that ultimately comes out. They'll start working on that after. This resolution is passed this week. We won't have a big fight over all of that Until you see that text in the fall this is just the opening starting gun as it were that starting the does though. Come with this spectacle of the voter rama. We had one of those earlier this year. Where the party. That is not in control. The senate can offer whatever amendments at once. Sometimes it goes late into the night so look forward to to all the fun that comes with that but then bill All the it seems like this is going to break down into a lot of different sub debates the framework here says that committees are requested to write the legislation carrying out the structured by september fifteenth So we have That that date..

kyle peterson kim strassel ed senate budget committee majority party Bernie sanders the wall street journal Sanders kim senate Bill apple
"$3.5 trillion" Discussed on Marketplace Minute

Marketplace Minute

01:31 min | 1 year ago

"$3.5 trillion" Discussed on Marketplace Minute

"I'm kristen schwab <Speech_Music_Female> with the marketplace minute. <Speech_Female> The senate <Speech_Female> will begin reviewing <Speech_Female> democrats three <Speech_Female> point five. Trillion <Speech_Male> dollar budget <Speech_Male> resolution today <Speech_Male> the measure lease out funding <Speech_Female> for family support <Speech_Female> climate change <Speech_Female> and health and education <Speech_Male> programs. <Speech_Male> Republicans are <Speech_Male> strongly opposed <Speech_Male> saying. The plan is too <Speech_Male> big and expensive <Speech_Female> small <Speech_Female> business. Optimism <Speech_Female> fell nearly three <Speech_Female> points in july. <Speech_Female> The national federation <Speech_Female> of independent business <Speech_Female> says business owners <Speech_Male> have a number of worries <Speech_Male> including supply <Speech_Male> chain bottlenecks <Speech_Female> inflation <Speech_Female> declining customer <Speech_Male> sentiment and trouble <Speech_Female> finding workers. <Speech_Female> <Speech_Male> Big tech is cutting <Speech_Male> paychecks for remote <Speech_Male> workers. Google <Speech_Male> facebook and <Speech_Male> twitter are changing salaries <Speech_Female> for employees. <Speech_Male> Who moved to <Speech_Male> or live in less expensive <Speech_Female> areas. <Speech_Female> Meanwhile some <Speech_Female> smaller companies like <Speech_Female> read it and zillow <Speech_Female> have shifted to location <Speech_Female> agnostic <Speech_Female> pay to compete <Speech_Female> for hires <Speech_Female> and the labor department <Speech_Female> <Advertisement> says worker productivity <Speech_Female> growth slowed <Speech_Male> in the second quarter. <Speech_Music_Male> The hourly <Speech_Music_Female> output increase was <Speech_Music_Male> more than a percent <Speech_Music_Male> lower than economists <Speech_Music_Male> expected. <Speech_Music_Male> I'm kristen traub <Speech_Music_Male> <Advertisement> with the marketplace <Speech_Music_Female> <Advertisement> minute. <SpeakerChange> <Speech_Music_Female> <Advertisement> <Speech_Music_Female> The reason <Speech_Music_Female> brown ambition with <Speech_Music_Female> <Advertisement> mandy and tiffany. <Speech_Music_Female> <Advertisement> The budget needs to <Speech_Music_Female> <Advertisement> was named one <Speech_Music_Female> <Advertisement> of the best personal <Speech_Music_Female> <Advertisement> finance. Podcast <Speech_Music_Female> of twenty twenty one <Speech_Music_Male> by business insider <Speech_Music_Male> <SpeakerChange> stuff <Speech_Music_Female> like this the <Speech_Female> importance of <Speech_Female> asking for help. <Speech_Music_Female> <Advertisement> Because what could take <Speech_Music_Female> you ten years to figure <Speech_Female> <Advertisement> out with help. Take <Speech_Female> <Advertisement> you one year. Like <Speech_Music_Female> <Advertisement> all my coaches and things. <Speech_Music_Female> <Advertisement> They're not there <Speech_Music_Female> <Advertisement> to change. They're <Speech_Music_Female> there to <Speech_Music_Female> <Advertisement> help me clean the <Speech_Female> mirror. So i can feel <Laughter> older. She <SpeakerChange> is <Speech_Music_Female> what you want. Girl <Speech_Music_Female> <Speech_Music_Male> brown ambition. Listen on apple podcasts. Or wherever you get your shows.

kristen schwab national federation kristen traub senate twitter facebook Google mandy apple
"$3.5 trillion" Discussed on WIBC 93.1FM

WIBC 93.1FM

04:02 min | 1 year ago

"$3.5 trillion" Discussed on WIBC 93.1FM

"Have agreed on a $3.5 trillion spending plan will try to pass without any Republican support. There was a big protest last night in Miami. The support the protesters in Cuba Foxes Evan Brown live in Broward County, Florida had Dave. Those demonstrations in and around Miami continued well into the night and a number of times Yesterday, those crowds blocked traffic along Miami's Palmetto Expressway. One of the areas most busiest during rush hours needs to and guidance. Please, we beg you. Please help other families that are over there that I'm dying of hunger. The demonstrators say their relatives in Cuba are going without food or medical care that Corona virus is spreading uncontrollably. Cuba's regime insists Cuban Americans are stirring up trouble via social media. Prompting Cuba's government on the island to approach or governor. Cubans on the on the island of protest. Cuba's government is largely shut down Internet access Dave Evan Covid cases in the US have nearly doubled over the past week. All states other than men in South Dakota have experienced an uptick in cases over the last two weeks. Scientists believe the rising cases his friend, the fast spreading delta variant. Lagging vaccination rates and fourth of July gathering boxes. Rob Dawson, America's Listening to Fox News 93 wi PC Mobile news on the level on the go. A busy morning for firefighters, Nothing on radar. It's also cloudy and 67 degrees in downtown Indy. I'm John Herrick for Window Man. Here's what's trending at 802 smoke and flames lighting up the morning sky at the Central brace and limb building on Capitol Avenue on Indy's Northside Around six o'clock, firefighters arrived and had to cut into the doorway just to get access to the building, which TVs Kevin Rotterman reports as they cut open the back door. Flames just poured out. Of that back door, but fire crews were able to court hoses inside. They're able to get a handle on the fire within the next few minutes. After that, there's no one inside when the fire broke out. The cause of fire is under investigation for 93.1 Wi be seeing mobile news. I wish TV's Kevin Rotterman. One firefighter came away with minor injuries. A man killed on Stratford Quarter around 11 30 Tuesday night that's near 42nd Street in post Road on India's northeast side. I m p d says When they got there, they found a man with a gunshot wound. He was pronounced dead. At the scene. They're trying to find the shooter. There have been 134 murders in Indianapolis so far in 2021 at this time last year, there were 100. Both sides are making their argument. Kurt Darling reports on the eight students suing Indiana University over its vaccine policy. A federal judge heard arguments from the two sides in the South Bend courtroom on Tuesday. Indiana University says in 19 Oh five Supreme Court ruling makes the entire lawsuit mood. Because it says the courts have no jurisdiction to rule on policies from government entities on vaccines. Attorney James Bob is representing the students giving no authority that the courts to review a public health measure imposed by the government. That's ludicrous. He argues that under the ruling IU has to show justification for its vaccine requirement, which he says they haven't done. Kirk Darling 93 w Y. BC Mobile News A bit of extra spending money for city of Greenwood employees. The city will give $2000 stipends to full time workers who worked between March 1st of 2020 and March 1st of this year, part time employees who worked at least 500 hours during that same time period will get $1000. The money is coming from the American Rescue Plan Act, and it will be paid out this Friday. The statewide average for gas this morning 3 18 a gallon, says Gasbuddy 3 19. Annapolis, Caramel fishers and Greenwood Detective Greg Farren C was shot and killed last week in terror Hope, and on Tuesday he was remembered at the home and center. His boss, chief Sean Kane, was trained by Farren C. He always helped. And I never heard him complain. He also never treated me like I was stupid. Even when I was FBI director Chris Wray was also there to talk about Farron. See who served.

Kurt Darling Rob Dawson Chris Wray Kevin Rotterman Sean Kane Farren C. Tuesday Miami $1000 March 1st $2000 Indianapolis $3.5 trillion Cuba John Herrick Indiana University Stratford Quarter Capitol Avenue American Rescue Plan Act 100