US President Joe Biden said on Sunday he hopes Congress will vote on his huge investment plan as soon as this week.
His “Build Back Better” framework “is God willing going to be voted on as early as sometime this coming week,” Biden said at a press conference after the G20 summit in Rome.
“Maybe it won’t work but I believe we’ll see by the end of next week at home that it’s passed,” he added.
The president last week announced a “historic” blueprint for remaking America’s economy, as he sought to pressure dissenters within his own Democratic Party to back the plan after months of tortuous negotiations.
Biden is staking his legacy on the passage of the $1.75 trillion Build Back Better social welfare package, a compact with the American people for a more equitable and greener society and the jewel in the crown of his domestic agenda.
However, it remains to be seen whether his efforts will galvanize the party’s feuding rank-and-file.
Investments in clean energy and fighting climate change include $320 billion for clean energy tax credits, $105 billion for resilience investments, $110 billion for clean energy technology, manufacturing, and supply chain investments and incentives, and $20 billion for clean energy procurement. So that’s a total of $555 billion.
After a whole lot of horse-trading in Washington (and it ain’t over til it’s over), the White House website stated, “President Biden is confident this is a framework that can pass both houses of Congress, and he looks forward to signing it into law.” (We at Electrek will believe it when we see it – and we want to see it.)
Reuters with additional input by GVS News Desk