Biden to Unveil $1.75 Trillion Tax and Spending Package

The transcript discusses President Biden's Build Back Better framework, focusing on its financial measures, including spending and revenue plans. It highlights the political dynamics within the Democratic Party, particularly the support and opposition from progressives and key figures like Kyrsten Sinema and Joe Manchin. The framework aims to pass both the Senate and the House, but challenges remain, especially concerning progressive support. The transcript also touches on potential additions like immigration and the decision-making process for voting on the infrastructure bill.

What is the total proposed spending in the Build Back Better framework over the 10-year reconciliation period?

• 3.5 trillion

• 1.25 trillion

• 2.5 trillion

• 1.75 trillion

Which tax is included in the revenue measures of the framework?

• A tax on carbon emissions

• A minimum tax on corporations with high profits

• A tax on luxury goods

• A tax on digital services

What is one of the key spending areas mentioned in the framework?

• Education reform

• Healthcare expansion

• Defense spending

• Climate measures

Which two Democrats are mentioned as having significant influence over the framework?

• Kamala Harris and Elizabeth Warren

• Kyrsten Sinema and Joe Manchin

• Nancy Pelosi and Chuck Schumer

• Alexandria Ocasio-Cortez and Bernie Sanders

What is a major concern for progressives regarding the framework?

• The exclusion of education reform

• The timing of the infrastructure bill vote

• The insufficient climate measures

• The lack of healthcare provisions