Exciting Update on 4th Stimulus Package!

Table of Contents

1. Introduction
2. Biden's Speech on Build Back Better
3. Impact of Mansion's Opposition
4. Potential Passing of Parts of the Bill
5. Changes to the Cost of the Bill
6. Inflation and its Effects
7. Role of the Federal Reserve
8. Filibuster to Block Voting Rights Bill
9. Joe Manchin's Stance on Filibuster
10. Importance of Bipartisanship

Biden's Speech on Build Back Better and the Future of Voting Rights

In a recent speech, President Biden addressed the Current status of the Build Back Better bill and the challenges they are facing in getting it passed. He acknowledged the opposition of Senator Joe Manchin to the entire bill and expressed his confidence in breaking it up into smaller parts that could gain support. Biden Mentioned that major chunks of the bill, such as climate change and early childhood education, could still end up passing.

However, the breaking up of the bill means that many measures that Americans were counting on, like increased monthly child tax credit payments, may now be out of the window. Moreover, the total cost of the bill, originally projected to be over two trillion dollars, is now likely to be under one trillion dollars. This significant decrease in funding for the bill raises concerns among Americans who were relying on its provisions.

One of the key factors influencing the potential passing of the bill is the rising inflation rates. The President acknowledged that rapid price increases have led to economic complications, affecting people at the gas pumps, grocery stores, and other areas. Biden emphasized the role of the Federal Reserve in stabilizing prices and called for recalibration of support to address the current economic challenges.

On a different front, the issue of voting rights has been a contentious topic in recent months. Republicans have consistently expressed their opposition to voting rights bills, resulting in the bills being filibustered and stalled. With the current obstacles in passing voting rights legislation, President Biden was asked about his strategy to protect voting rights. Although he did not provide specific details, Biden mentioned the significant increase in enforcers in the Justice Department to challenge unconstitutional efforts in voting rights. He also highlighted ongoing efforts to organize communities to make the case to the American people about the importance of protecting voting rights.

Despite the challenges and stalled legislation, Biden remained optimistic about the future. He expressed belief in the determination of the American people to stand up for their rights and their willingness to make the necessary sacrifices to protect their ability to vote. Although the path forward may be difficult, Biden maintained that options have not run out and emphasized the need for bipartisan cooperation.