Getting Biden's Build Back Better Plan Over the Finish Line
by John Lawrence
These guys are experienced negotiators. You'd think by now they would have designed multiple plans containing most of the things progressives want and most of the things Joe Manchin wants. Obviously, he has to approve the final plan. There are various ways to get the cost down from eliminating entire programs to shortening the lengths of some or all programs. Also, as Manchin wants, you can means test some of the programs. I think the emphasis should be on children. That means the expansion of Medicare could go by the wayside. As a Medicare recipient, I wouldn't be too upset to see that happen. In its place, at a later time, I would like to see legislation to implement Biden's agenda item that calls for an increase in social security benefits. Under his plan, eligible workers would get a guaranteed minimum benefit equal to at least 125% of the federal poverty level. People who have received benefits for at least 20 years would get a 5% bump. Widows and widowers would receive about 20% more per month. The Federal poverty level for a single person is $12,760. 125% of that would be $15,950. The cost of living increase would add another 5.9% or $941.05 for a total of $16,891.05. This comes out to be $1407.59 a month. For 2020, the minimum Social Security benefit at 62 was $628. So Biden's agenda would call for more than doubling it. Of course the cost for Medicare Part B, which is $148.50 is deducted from your monthly social security check. This means that the minimum social security monthly check for some people is less than $500., hardly a living wage at the present time.
So leaving out benefits for seniors and means testing pre-K and community college could bring the price tag for Biden's Build Back Better plan considerably lower. Manchin wants to scale back the climate change component, but he's not wanting to cancel it altogether. Again, this item can be revisited later or as part of a separate bill. The child tax credits, which benefit lower income families, should be left in as well as the Child and Dependent Care Tax Credit. The Earned Income Tax Credit Expansion could stay in as well as the benefit that lets seniors receive care at home rather than having to go to a nursing home. In short there are a lot of things in the American Families plan that could be modified or left out or revisited later. Climate change will be an ongoing issue that won't be resolved for at least 50 years. Since climate change is the main sticking point as far as Manchin is concerned, that provision, as important as it is, for sure needs to be modified.
Since there a lot of moving parts in the Build Back Better plan, there are lots of modifications that can be made. Several versions of these plans should be set out with the proviso that at least one of them needs to be agreed upon by all parties. The fact that Manchin and possibly Sinema has veto power needs to be accepted as reality, but some plan needs to be nailed down and soon. Playing chicken with Biden's Build Back Better plan is not acceptable. Democrats need to accept a win for all parties. They can't let the perfect be the enemy of the good. Watson-Watt, who developed early warning radar in Britain to counter the rapid growth of the Luftwaffe, propounded a "cult of the imperfect", which he stated as "Give them the third best to go on with; the second best comes too late, the best never comes." Economist George Stigler says that "If you never miss a plane, you're spending too much time at the airport." Democrats need to pay the pipers (Manchin and Sinema) and get on with it. They are wasting too much time. It should be obvious where the compromise lines are to be drawn by this time.
