October 17, 2021

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Democrats Weigh Cutting Programs or Reducing Scope to Trim $3.5 Trillion Bill – The Wall Street Journal

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WASHINGTON—As Democrats work to unite around a far-reaching social policy and climate bill, they are weighing two different approaches to reduce its overall cost: eliminating proposed programs entirely or cutting their duration.

Democrats had for months set their sights on spending $3.5 trillion over a decade on the legislation, which proposes expanding or creating many education, healthcare and climate programs. Centrists oppose a top line that high, questioning whether the funding could be paid for with tax increases and raising concerns about the spending’s impact on inflation.

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