Biden calls for passing the KRW 2,000 trillion corona budget… Democratic Party Launches Skills Event

US President Joe Biden

picture explanationUS President Joe Biden

On the 22nd (local time), the ruling Democratic Party of the United States has begun the procedure to deal with the budget bill for the novel coronavirus infection (Corona 19), the most important policy at the beginning of President Joe Biden’s inauguration.

According to the political media The Hill, etc., the House Budget Committee on that day handled the Corona 19 relief bill worth $1.9 trillion (2,110 trillion won) with 19 in favor and 16 opposition. All Republicans voted no.

This budget is expected to pass by the Democratic Party’s majority in the House of Representatives, which is scheduled to be voted on the 26th or 27th of the House plenary session after being revised by the House Operation Committee.

Afterwards, the budget bill must be transferred to the Senate and go through a voting process.

The bill would increase the federal minimum wage from $7.5 to $15 per hour by 2025, along with cash payments of $1,400 per adult in the U.S., extended unemployment benefits, expanded vaccinations and tests, and funded to help normalize schools. It is contained.

President Biden is in a position that the budget must be passed urgently to overcome the recession and help the vulnerable to Corona 19. He also criticized the point that the scale of the stimulus plan was excessive through a speech related to Corona 19 support and urged the passage of it as soon as possible.

On the other hand, since last year, the Republican Party has already passed the Corona 19 economic stimulus plan, which is close to $4 trillion, and has been opposed to the stimulus plan, saying that even this budget has not yet been exhausted.

When negotiations between the opposition parties in the parliament proceeded and President Biden called Republican lawmakers to the White House to deal with it, but couldn’t find a compromise, the Democratic Party warned of passing the bill using the majority of the Senate and House. The handling of the House Budget Committee on this day is regarded as the first execution of the performance exercise.

The Democratic Party plans to process the bill by the 14th of next month, when the policy to pay extra unemployment benefits expires.

In addition, the Senate revealed that it would exercise the right to adjust the budget to pass the budget without going through this procedure and passing the budget with only a majority of the seats without going through this procedure, although it would require two-thirds of the vote to enter the ballot after ending the’filibuster’, which is a rational debate. come.

Biden discusses economic stimulus with Republican senator on the 2nd

picture explanationBiden discusses economic stimulus with Republican senator on the 2nd

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Currently, there are 100 seats in the Senate, including 50 Democrats and 50 Republicans, including independents, but the Democratic Party holds majority seats, including the casting boat of Vice President Kamala Harris, the ex officio Senate Chairman.

Democratic Party Senate Chuck Schumer said today that the parliamentary budget process was on track and said that he would process the budget before March 14 and send it to the White House for President Biden to sign.

The Associated Press pointed out that there is a debate within the Democratic Party over the size of state and local government aid and the issue of extending unemployment benefits, and said that raising the minimum wage to $15 is the most controversial object.

Senator Joe Manchin, a member of the Democratic Party, said the $15 hike was excessive, suggesting that Kirsten Cinemas of the same party could also vote against it.

On the other hand, Senator Bernie Sanders, chairman of the Senate Budget Committee, urged the government to deal with the plan to raise the minimum wage, saying that he should act boldly.

In an interview with CBS earlier this month, President Biden gave a pessimistic outlook saying that he did not think that the provisions for raising the minimum wage would survive in Congress.

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