What’s in the $3.5 Trillion Reconciliation Package?

Good luck finding any answers to that question. I think the corporate hacks posing as congress people want it that way; they don’t really want you to know what’s in the 2,465-page bill.

They call it the Build Back Better reconciliation bill.

What is reconciliation, you might ask?

It came about via the Congressional Budget and Impoundment Control Act of 1974, but wasn’t actually used until 1980. Since then, Congress has used the process to send 26 bills to the president, with 22 of those passing. 

Dems are desperate to find some way to increase the debt ceiling right now, without having to resort to reconciliation. 

They only have one reconciliation opportunity, and they want it for the $3.5 trillion bill. I have a feeling Democrats will get their way. Someone will cave, the debt ceiling will be increased, and Dems will have their shot at the massive spending bill via reconciliation.

It’ll ruin this country.

So what’s in it?

• Increase the corporate income tax from 21% to 28%, making it the highest in the industrialized world, and ensuring even more manufacturing will be sent offshore.

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• 2 free years of community college for anyone, at a cost of $108 billion. States will cover 25% of this cost, the feds the rest.

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• Anyone with kids aged 0-5 can get childcare assistance if they ask for it. In addition, there’ll be universal pre-K for 3- and 4-year-olds. All of this will cost $450 billion. The feds cover 50% of this, the states the other 50%.

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• Medicare will be expanded to include dental, hearing, and vision care.The eligibility age would also be lowered from 65 to 60, bringing 23 million more people into the program. The program is already going to run out of money in 2026, so this expansion would accelerate that. 

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• Make the $250 to $300 per child monthly payments to parents permanent.

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• 12 weeks of family and medical leave, where the government pays up to $4,000 per month so they can stay home from work.

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• $7,000 will be given to everyone that buys an electric vehicle, which are mainly rich people.

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• The Clean Electricity Performance Program, which requires utility companies to increase their renewable energy supplies by 4% each year, or suffer financial penalties. 

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• Workers in childcare will have their wages increased to $15.

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• Obamacare will change so people getting their insurance there will pay no more than 8.5% of their income for that insurance. 

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• $100 billion for a program to promote mass amnesty for illegal immigrants.

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• Businesses with 5 or more employees that have been operating for at least two years must enroll their employees in IRAs or other contribution plans or arrangements. Some form of tax credit will be given to businesses that comply. Those that don’t will be given an excise tax. 

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• $327 billion for affordable housing. 

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• $7.5 billion for the Civilian Climate Corps.

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• $7 billion to make the entire US Postal Service’s fleet of vehicles electric.

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• $4 billion for neighborhood access and equity grants.

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• $3 billion for “tree equity.”

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• $1 billion for the electric vehicle charging equity program.

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• Tax credits for people paying union dues. 

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• Increase the federal tax on cigarettes from $1.01 to $2.02 a pack, and $2.30 for a JUUL vape product. 

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And there’s a lot more in that massive reconciliation bill, but I think you get the general idea.

Where in the hell are the states going to come up with 25% to 50% of the costs of these various programs? Many states are broke already, such as Illinois and New Jersey.

It makes absolutely no sense. 

And what about this idea that nearly every business in America now has to offer a retirement plan of some sort? That means people will be taking home even less money in their paycheck, at a time when inflation is raising prices for everything. 

There’s a lot of stuff in here that’s going to hurt a lot of people. But the government feels it’s necessary. They want to increase their size and scope and reach more into your daily life.

God help us.

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Sources

Allen, Virginia. “Infrastructure or Democratic Wish List? What to Know About Those $1.1 Trillion and $3.5 Trillion Spending Bills.” The Daily Signal. 10 August 2021. https://www.dailysignal.com/2021/08/10/infrastructure-or-democratic-wish-list-what-to-know-about-those-1-1-trillion-and-3-5-trillion-spending-bills/

Hammer, Glenn. “Hammer: $3.5 trillion reconciliation package will hurt U.S. manufacturers.” Rio Grande Guardian. 30 September 2021. https://riograndeguardian.com/hamer-3-5-trillion-reconciliation-package-will-hurt-u-s-manufacturers/

Hughes, Patricia. “Understanding the $3.5 Trillion Reconciliation Package.” Mindful Politics. 25 September 2021. https://mindfulpolitics.org/understanding-the-3-5-trillion-reconciliation-package/

Numa, Remy. “$3.5T spending package includes big money for 'tree equity,' bias training and more.” Fox Business. 27 September 2021. https://www.foxbusiness.com/politics/spending-package-reconciliation-tree-equity-bias-training

Quinn, Mellisa and Watson, Kathryn. “What’s in the $3.5 trillion reconciliation bill?” CBS News. 5 October 2021. https://www.cbsnews.com/news/budget-reconciliation-bill-build-back-better-act/

Werschkul, Ben. “Here are the key retirement provisions in the $3.5 trillion reconciliation bill.” Yahoo Finance. 15 September 2021. https://finance.yahoo.com/news/here-are-the-key-retirement-provisions-in-the-35-trillion-reconciliation-bill-195403633.html

Wilkins, Brett. “House Dems Introduce Bill to Lower Medicare Age to 60.” Common Dreams. 3 September 2021. https://www.commondreams.org/news/2021/09/03/house-dems-introduce-bill-lower-medicare-age-60

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