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Democrats Agree To $3.5 TRILLION Dems-Only Deal - YouTube
Channel: The Young Turks
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a dozen senate democrats have reached a
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3.5
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trillion dollar infrastructure deal this
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is the reconciliation version of the
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infrastructure deal
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which is supposed to pass in the senate
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with a simple
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majority meaning that you wouldn't need
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to
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deal with the filibuster that requires
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60 senators
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to vote in favor of it now this is the
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bill that's supposed to have
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all of the provisions that the
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bipartisan group
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did not want in the bipartisan version
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of the bill
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so all the good stuff is supposed to be
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included
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in this version of the bill and to be
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quite honest we don't have
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too many specific details about what's
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included i do have
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um some vague details to share with you
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but for the purposes of this discussion
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i think it's important to focus on the
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likelihood
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of this passing even with a simple
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majority in the senate
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and also what the strategy is for senate
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democrats in getting this done
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now as i mentioned it's just 12 senate
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democrats who have reached a deal on
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this 3.5
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trillion dollar infrastructure plan and
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it was not clear this is important it
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was not clear if all 50
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lawmakers in the democratic caucus which
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includes centrists
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unafraid to break with their party like
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senator joe manchin
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of west virginia and senator kirsten
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cinema of arizona
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have signed off on the blueprint and
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that's really
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the most important part of the story now
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president joe biden
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met with a group of senate democrats
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today
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urging them to support this bill the
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so-called
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moderate democrats i prefer to call them
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corporate democrats or
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just conservative democrats have not
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committed to approving or voting in
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favor of this bill so that's an
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important part
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to focus on because this legislation can
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include
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everything we've ever dreamed of if the
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senate democrats don't have a strategy
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or plan in place
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to apply the necessary pressure to get
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the joe manchins of the senate to vote
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in favor of it
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it's not going to pass you literally
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need every single democratic senator
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to approve it now with that said
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unfortunately we've already gotten
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a bit of a statement from senator joe
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manchin he tweeted
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the following my statement on the senate
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budget committee's 3.5 trillion dollar
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infrastructure package
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i know my democratic colleagues on the
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budget committee have worked hard and i
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look
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forward to reviewing their agreement i'm
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also very interested
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in how this proposal is paid for
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and how it enables us to remain globally
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competitive
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i will reserve any final judgment until
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i've had the opportunity to
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thoroughly evaluate the proposal
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so that's not a good sign because
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joe manchin is using the exact same
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talking points that he used
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in essentially serving as an obstacle in
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other
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biden agendas uh other parts of biden's
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agenda
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including uh the coronavirus relief
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package remember it's always how are we
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going to pay for this
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uh is he really concerned about how
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they're going to pay for it or is he
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providing various obstacles to ensure
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that his corporate donors are
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happy with his uh stalling and and with
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his blocking of these types of bills
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we'll see but it doesn't look good with
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uh joe manchin
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as part of this equation but he's not
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the only one uh obviously
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kirsten cinema is a problem chris coons
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is another corporate democrat in the
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senate who could serve as a problem
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as we all know eight senate democrats
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voted against
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a 15 an hour minimum wage so
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right now as it stands there really
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isn't
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a full proof agreement among some senate
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democrats on this 3.5 trillion dollar
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bill now senator bernie sanders of
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vermont uh the
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liberal chairman of the budget committee
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and senator mark warner of virginia
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who's
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pretty he's a corporate democrat himself
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um
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and is a key moderate negotiating the
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details of this bipartisan framework
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also confirm their support
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for the agreement in fact why don't we
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go to uh this video of senator sanders
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announcing that they've reached this
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agreement this was late last night let's
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hear what he had to say
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this is in our view
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a pivotal moment in american history
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and for a very long time the american
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people have seen
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the very rich getting richer and
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government developing policies
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which allow them to pay in some cases
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not
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a nickel in federal income taxes they've
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seen corporations make huge profits
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in some cases they're not paying a
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nuclear taxes
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and what this legislation says among
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many many other things
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that those days are gone the wealthy and
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large corporations
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are going to start paying their fair
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share of taxes so that we can protect
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the working families of this country
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but are they are they going to pay more
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in taxes
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because we do hear from some of these
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corporate democrats who
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are kind of pumping the brakes in that
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regard warner uh senator mark warner
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said the plan would be fully paid for
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though democrats did not offer specifics
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about how they plan to do so
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discussions of how to raise that money
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are expected
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to continue in the coming days and
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that's really the
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question that senator joe manchin is
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concerned
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about the wealthy do not want to see an
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increase in their tax rates corporations
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do not want to see an increase in their
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tax rates
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and really the only way to pay for this
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without
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implementing regressive taxes that harm
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lower income
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workers is to ensure that you raise
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taxes on the rich
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so some of the things that have been
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floated so far an increase in
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the capital gains tax rate raise
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the taxes on you know inheritances so
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estate taxes also raise taxes on oversea
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profits which i think is incredibly
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important right because it
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not only provides revenue for the
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federal government to pay for this
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more robust reconciliation version of
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the
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infrastructure package it also
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discourages corporations from shipping
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jobs
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abroad right it would be potentially
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more affordable for things to be
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manufactured here in the united states
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as opposed to other places
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and also shift tax incentives away from
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fossil fuel companies and reward
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renewable energy companies with these
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tax incentives instead so the climate
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action is is certainly baked into this
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more robust version of the
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infrastructure bill it also calls for
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an increase in uh what's covered under
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medicare
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so uh the dental and vision would be
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included
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there are all sorts of wonderful parts
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of this uh
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infrastructure deal but the question is
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will it pass
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in the senate again you need every
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single democrat to vote in favor of it
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and then you need vice president kamala
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harris to
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also break the tie in the senate if we
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hopefully get there um and so
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one thing i also want to note is there
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is one specific
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senator that i'm going to call out
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democratic senator
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robert menendez who is clear in wanting
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to protect
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very specific donors and that's the
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pharmaceutical industry
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senator robert menendez of new jersey
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whose state is home to
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many big name pharmaceutical
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manufacturers including merck and
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company
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and johnson johnson has objected
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objected to using
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the industry as a quote piggy bank end
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quote
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to fund other priorities in fact he says
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we keep taking money from the
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pharmaceutical industry and then we
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never see the reduction
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in the cost of prescription drugs how is
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that solving the problem
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i'll let you guys decide whether or not
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that statement makes any sense at all
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but
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senator menendez probably thinks that no
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one's paying attention
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and that he can say whatever he wants to
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protect his corporate donors and no one
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will ever punish him for it electorally
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but just know that there are a handful
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of democratic senators
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who will serve as a problem moving
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forward in regard to this infrastructure
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bill
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and they should be known uh robert
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menendez is certainly one of them
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now uh a few other details i want to
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share with you in regard to what this
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bill includes
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senate majority leader chuck schumer
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said that the resolution
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would call for an expansion of medicare
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to provide money for dental vision
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and hearing benefits incredibly
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important
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it is also likely to extend a temporary
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pro
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provision in the president's pandemic
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relief law that greatly expands
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subsidies for americans purchasing
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health care through the affordable care
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act
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one other thing that it does which is
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also incredibly important
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is it makes permanent the child tax
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credit that was implemented for one year
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in the biden coronavirus relief package
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biden working with sanders wants to make
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pre-kindergarten access universal for
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two years
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pre-access i'm sorry let me say that
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again biden working with sanders wants
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to make pre-kindergarten access
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universal and two years of community
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college free to all americans
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he should also cancel all federal
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student loan debt
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at a minimum i mean it's just it's
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insane that he hasn't done that yet
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uh it would make him a wildly popular
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president if he just did that alone
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but of course we don't want him to do
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just that alone we want to
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get this package passed and
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unfortunately what we're seeing so far
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from the dozen democrats who have
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reached this agreement for the 3.5
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trillion dollar infrastructure
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plan they just haven't expressed any
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type of strategy
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there might be some negotiating
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happening behind the scenes maybe
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carrots and sticks are being utilized
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behind the scenes
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but so far i personally don't feel very
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confident
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about this package passing because you
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already have very public statements from
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corporate democrats who are
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allegedly concerned about the cost or
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the pay force
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you know no one was really that
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concerned about how much it would cost
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to
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cut taxes for the rich as part of
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trump's
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tax cuts in 2017. that cost the federal
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government two trillion dollars nearly
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two trillion dollars
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over the next 10 years but no one was
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worried about that they passed that
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bill through reconciliation because when
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republicans want something
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they get it and they'll stop at nothing
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to get what they want
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i mean i know it's a completely
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different situation but you look at the
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state of texas and how they're trying to
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pass
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incredibly restrictive voting laws there
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and
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i mean governor greg abbott is ready and
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willing to arrest
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democratic state lawmakers who fled the
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state in order to prevent the quorum
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necessary for a vote
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on that piece of legislation like
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they'll stop at
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nothing to ensure that they get what
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they want
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the question is are democratic senators
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who are in favor
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of this deal going to hold
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members of their own party accountable
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and apply the pressure necessary
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to ensure that they vote in favor of
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this joe manchin's got super thin skin
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all it took was kamala harris going to
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west virginia
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and doing a few interviews
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in favor of the coronavirus relief
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package
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and she didn't even name joe manchin
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during those interviews but it was clear
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that she was rallying support
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for the coronavirus relief package
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something that senator manchin was
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serving as an obstacle for in terms of
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its passage
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and he he was crying and whining about
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it because it doesn't like to be held
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accountable
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so hold him accountable and don't stop
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until he agrees to vote in favor of the
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bill
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and do the same with other corporate
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democrat lawmakers
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who think they can get away with serving
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the best interests of their corporate
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donors as opposed to their constituents
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who happen to find the human
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infrastructure component of biden's
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agenda
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wildly popular upwards of 70 of
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americans are in favor of those
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provisions
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so get it done you've got the public
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support now you got to play hardball
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thanks for watching the young troops
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