tv At This Hour With Kate Bolduan CNN October 28, 2021 8:00am-9:00am PDT
get started with a great offer and ask how you can add comcast business securityedge. plus for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. i'm kate bolduan. president biden wrapped up a meeting on the hill and unveiled details of the latest version of his massive spending bill he proposes of $1.75 trillion. a trip to the hill to pitch that and to try to save his domestic agenda. in just minutes, president biden will be delivering rashings at the white house on the state of
strong case in the affirmative for what's in this package, not what was cut out of the package. he originally asked for $3.5 trillion, lost priorities like two years of free community college for everyone in america, lost the paid leave program, which even as late as last week he thought would survived in reduced form. he's going to talk about $1.75 trillion of investments in education, universal precare, expanded pell grants, health care, strengthen obamacare, strengthened medicare through additional dental benefits, in children, expanded child tax credit, housing, new money for affordable housing, and climate change as he goes to this meeting in glasgow for worldwide efforts to combat climate change, more than half a trillion dollars in investments in curbing climate change. not everything he wanted, but as the white house chief of staff said today in real dollars twice
keep our eye on the white house. manu raju is standing by with the latest. you've got some great reporting on what came out, what was said inside that meeting with joe biden. tell me what you're learning. >> reporter: right now there is a high stakes game of chicken between the speaker, nancy pelosi, and progressives in her own caucus over the president's infrastructure plan. pelosi, i am told, made very clear she plans to put that infrastructure plan on the house floor today. that of course already passed the senate. if it were to be approved by the house today, it would go straight to joe biden's desk. but there is a problem. the progressives are threatening to taint this bill, to vote no because of their concerns that that larger package will not go through congress because they don't trust kyrsten sinema and joe manchin to ultimately vote for this bill. they say this framework agreement is simply not enough for them. so i'm told behind closed doors pelosi told her caucus, quote, don't embarrass the president as
he's going overseas and vote down this infrastructure bill. and she went further. she said she would put this bill on the floor and leave the vote open, try to force members to get behind this ultimately. now, she got some pushback by the congressman from illinois who said about manchin and sinema? she responded, look, take the president at his word. he said he's going to get this bill through. listen to him, and ultimately this will get passed because of the work he's done with those two moderates. is that enough to convince the progressives? i heard going into today there are about 55 house progressives who are threatening to vote against the bill because that larger package is not moving at the same time. emerging from this caucus meeting, pramila jayapal, the leader of the progressive caucus, she said she would vote against this if it were to come for a vote today, the infrastructure bill, and she said no minds have really changed in that room. nevertheless, pelosi said in that room, kate, the vote is
going to happen today. a number of members stood up and cheered and said, "vote, vote, quote," but some members sat down and didn't vote. there's little margin for error for the president to get this done, and given we don't expect many republicans to vote for this infrastructure bill, they can't afford to lose that many to get the narrower package through. a lot of questions, kate, about what's going to happen here. the question is does pelosi punt on the infrastructure bill or do the progressives cave? we'll see in the coming hours. >> this comes down to a fundamental issue that has been the same since the beginning that you just hit on -- trust. a lack of trust all around within the democratic party on the hill. but it all seems to be coming to a head in this moment. let's bring in kaitlan collins live in rome where the president will be traveling after his speech. kaitlan, i'm wondering if this is an either/or now, since biden
is really putting his cards on the table and laying it all on the line. either he is a victorious deal maker after this or he is a gambler who is left -- comes up empty-handed and weaker because he's rejected by his own party. is that what he's looking at? >> that's the standard being set by the democrats and the white house, what it means if he comes to rome empty-handed without an agreement, without the infrastructure bill, without an agreement on the framework after he pitched it to them behind closed doors earlier. it's one the president started setting behind closed doors, meeting with democrats, saying the prestige of the united states is on the line, obviously referring to the climate aspect of this bill, given he's coming to rome and then going to an international climate conference where he wants to be able to say look at the standard and the example that the united states is setting, and he wants other countries to fall in line. of course, if there is no agreement, that kind of raises some questions about how much he
can ask for commitments from other nations if he's not gotten one from his own party back in washington, of course. already what this framework is, is a lot different than what the president had proposed when it came to the climate aspect of this. so of course house speaker nancy pelosi telling her caucus earlier that what manu reported, she doesn't want them to embarrass the president by sending him overseas after voting down this infrastructure bill. and the president himself talking about what this means on the world stage but also what it means for his own presidency, saying this can determine the legacy of his presidency. so those will all be factors of course, that the white house is considering. but he is getting on a plane after he makes this speech and he is coming here to rome regardless of what democrats do today. >> john, just to hit one more time on some of the reporting -- some of manu's reporting, which is what biden told house democrats, i'll read manu's reporting with him with us.
he said, i don't think it's hyperbole to say that the house and senate majorities and my presidency will be determined by what happens in the next week. you don't set the stakes higher than that, john. >> reporter: absolutely. but that's what happens with presidencies. you have the first year, when you've got the wind at your back or the maximum wind at your back, to try to get your agenda through. i'm reminded of when bill clinton was a first-year president in 1993. he was struggling to get his budget program passed. he had a phone call with bob kerry, democratic senator from nebraska, who'd run against him and he said to kerry, withholing his vote, if you want to bring this presidency down, go right ahead. kerry ultimately flinched from that, voted for the package, al gore broke the tie as vice president, and it passed. that's exactly what joe biden is trying to repeat this time. so in effect he is issuing that call both to house progressives, saying my presidency is on line, you need to stand behind it, and he's saying the same to joe
manchin and kyrsten sinema, this not entirely completely baked package. he'll say to them, i made a commitment to the house progressives, you need to keep my presidency from coming down, raising the stakes. i think that given, say, nancy pelosi's track record, if she puts the bill on the floor today, it would be unwise to bet against her. and joe biden is gambling his own credibility on what will happen in the senate. >> that's one interesting element of this, manu, which is all the reporting is that biden thinks that he's within inches of a deal with manchin and sinema on this. i'm curious what it means. it feels like the way it's been painted for quite some time is they've been within inches. how much further along are they, really? >> reporter: yeah. that's the concern among the democratic liberals in the house, even they say they are close, what does that mean? the lack of trust which you talked about earlier, that is a real concern among the progressives.
i talked to alexandria ocasio-cortez, one of the leading house progressives, and she told me that a framework does not mean a deal. just because there's a framework, it could be months until there's actual legislative text. and what does that look like? this is a short framework, a handful of pages here. but the details of the bill would be hundreds, if not thousands of pages, and that could take weeks and weeks and weeks, months potentially to put together. that is the real concern of the white house right now, that if they listen to what the progressives are saying, if pelosi ultimately is forced to do what the progressives want, that everything will just get mired down and would take up until poeshl tentially the end e year, maybe longer to get this through, then we get into the midterm election season, and things will get harder and harder given the narrow majorities and concerns. they could lose the house and the senate, so they're putting on the full-court press to get
progressives to change their mind, saying trust me, i can get manchin and sinema on board. that's what i heard joe biden said today, we are within inches of getting them together, but he did not say they signed off on that deal. that still is not going to be enough even if he were to say he's signed off on this deal to get a lot of liberals on board. they don't trust the moderates here. not to mention, kate, the enormous amount of concessions they believe they've already made, medicare, paid leave, other key issues here. so how this ultimately gets resolved in a few hours we'll see, but there's an expectation pelosi is not going to put a bill on the floor if it's going to fail. that's what progressives hope, she'll punt and do this all over again in the coming weeks. >> it would be pretty remarkable. they've blown through a couple deadlines and prompted promise infrastructure already. but let me bring in our cnn political director. david, can you talk about what you see happening in this moment? joe biden not mincing words at
what he thinks is at stake here. >> yeah. his entire presidency resting on the next week, he said inside that room. not mincing words. i think what you see here is a moment where the democratic party is going to decide as a party if they are going to back their president, get in line, give the trust that this is going to get to the right place, send him out on the world stage with a victory, and start putting this internal division aside, or if they will be a party still about exposing their internal divisions and battling over the president's agenda that leaves it lingering out there for weeks to come, potentially. that's sort of the decision here. that's why you see this ratchetting up of the pressure. but the reality, kate, will be in the numbers.
whether or not enough progressives back off that position with the few republicans perhaps who said they would vote for that bipartisan infrastructure bill, does pelosi actually have the math there. manu saying right now it doesn't seem like that's the case. so right now it seems joe manchin and kyrsten sinema have been sort of in charge of what actually gets in this final bill, and the house progressives seem to have some sort of veto power over the process of when and how this gets done. >> yeah. look, so this is kind of -- if you take this without talking about numbers and figures and graphs, kaitlan, if you're looking at this, where we are right now is there are still disputes over what is in, what should be in, and what is out of the bill and of what size. there seems to still be lack of clarity about how to cover the cost, where to raise the taxes in order to cover the size of the bill, and also disputes over in what order and how these
votes are going to be held, should be held, want to be held. what that says to me, katesitla is they are in the same exact place they have been all along save for one difference -- joe biden has stepped up and he seems to be saying now i own this and it's time. put on your big girl, big boy pants, it's time to go. >> yeah. i think that's new where you're seeing the president come out and say this is the framework, this is what i'm selling you, because before it had been the white house wouldn't disclose what senator manchin and sinema were saying to the president when they were meeting privately. i also think the idea of, you know, just how tenuous this is and what we're seeing and hearing from progressives is look how much this has changed just in the last few days alone, where we have gone from slashed paid leave if 12 weeks to 4 weeks, now not in there,
prescription drugs prices not changing. they came up with this proposal to have a billionaires' tax, going after the richest of the rich americans and their wealth and taxing that. now that's also out of it after it was just unveiled, you know, about 24, 36 hours ago. so everything has changes do quickly here when it comes to what's going to be in, what's going to be out, and what this is going to look like in the end. they do not have the legislative text here. they just have these bullet points essentially that they have explanations of what's in it, but i think that is what the concern will be that the white house is facing up against. i do think by seeing the president go and make his case behind closed doors with party leaders obviously strongly supporting him and coming out to the white house to give this speech before he heads to rome does show he is trying to use the momentum and the muscle of the presidency to convince these lawmakers to get on board. so if these progressives do end up saying they're not going to vote for this infrastructure
bill, that is the progressives telling the president no, which is very significant to see members of their own party telling the president pretty explicitly after he came to capitol hill and made this appeal, no, we don't think this is the right way to proceed. that is what we are all waiting to see what their actual outcome will be here. >> absolutely. manu, some new reporting. >> reporter: kyrsten sinema, the key democratic senator, just put out a statement after the white house released this framework agreement that they say they have over this larger package. she says, "after months of productive, good-faith negotiations with president biden and the white house, we have made significant progress in the proposed budget reconciliation package," the larger package. "i look forward to getting this done, expanding economic opportunities, and helping everyday americans get ahead." she sounds positive about this overall $1.75 trillion framework. she of course was at the center
of these negotiations for months, and there will be questions about whether she'll support this, whether she'll vote yes when time comes for voting on this bill when it's put together in detailed legislative form. she doesn't say explicitly i support this framework, i will vote yes, but she does say, you know, we've made significant progress on the proposed framework. so she's sounding very positive about it. will that be enough to convince some of the progressives who don't trust her that she'll vote for the larger bill and convince them to vote for the infrastructure bill expected on house floor today is still an open question. but a positive statement from kyrsten sinema. >> look, let me bring in cnn's dana bash, joining the conversation as well. dana, call me cynical, but because kyrsten sinema says so little, everyone is forced to read into her statements i think just too much, because she should be more plain spoken about what she stands for publicly and what she doesn't.
what i hear in that statement is a little bit of yes, as manu says, progress and optimism, but she's still not saying anything. >> reporter: she's not, for the same reason ironically that progressives aren't saying explicitly i'm on board, because there's nothing to be on board with. there's no legislative language. there is a framework. there are details. she might not be saying publicly, but i know, you know, we talk to members of congress who do speak to her a lot. so they know where she stands. that's not necessarily a good thing on some of the key issues that they care a lot about, namely the whole notion of being able to negotiate on prescription drug prices. this is one of those incredibly popular provisions in this that is gone right now because the senator from arizona says she doesn't support it. she's it willing people
privately, well, it will hurt competition and innovation and, you know, saying she supports basically the former position on this, which is that the drug prices should stay higher for consumers, which is an anathema to republicans and democrats. and the flipside of the spectrum on the democratic side of the spectrum of the democrats, i should say, and that is the united states senate, kate, you know who we haven't heard from? bernie sanders. bernie sanders has not said he is supportive of this framework. and you know why? because he's not supportive of this framework as its stands. and his voice and his decision and what he says or doesn't say will have not just an impact on a 50/50 senate, but he holds a lot of sway with the progressives who were trying to decide whether or not to give the president what he asked for in the most dramatic of ways,
which is support for not just this bill but support for the future of his presidency. >> which also even more important on what we're habit to hear from president biden, because it's what he'll pronounce to the public. and part of the audience, john harwood, part of the audience for what he's going to be speaking to, are members of his own party on capitol hill. >> reporter: that's right. i think it's important to keep in perspective the nature of the splinter within the democratic party. it's a very narrow splinter. the vast majority of the democratic party has been united behind the bulk of what president biden has tried to do. the torture of the last couple weeks has been driven by the determination of those two senators, manchin and sinema, to indulge the power they have to veto this because all 50 votes are needed. house progressives, the challenge in getting them on board, is a lack of trust in those two being willing ultimately to line up and be part of the team.
the significance of what joe biden did today is to stand in front of joe manchin and kyrsten sinema and say to the house caucus, don't trust them, trust me. i'm telling you that we're going to do it. he's now going to make the case to the public as to why this is a huge step forward for the american people in terms of health, education, climate change, entire range of proposals, social safety net in addition to what's being done on climate, and he's betting that he can mobilize the public sufficiently, many of these individual planks of his program have already been seen to be popular, but now he's got to make the case for a package as a whole. >> manu raju has more reporting on the hill. what are you picking up now? >> reporter: joe manchin just talked with reporters and made a brief statement. he was asked whether or not he supports this framework. he said this is all in the hands of the house right now. he said there are good-faith
negotiations happening. he said that's really all he has to say at the moment. very brief remarks. not saying he's supporting this overall framework, not saying anything necessarily positive about what he has seen so far other than the fact there are good-faith negotiations, something he's been saying frankly for months. it's unclear where he'll stand. that certainly is not going to go far enough to convince progressives he would be a yes at the end of the day here, even though they have moved substantially in his direction to win his support, whittling down the price tag, a key number of social programs. but he says to reporters, good-faith negotiations are happening, see what the house does. he had a part of negotiating and we'll see how that plays out sometime today. but he's not said if he's in favor of the framework. >> manu, is that statement from manchin -- it's not even in line with past statements from joe manchin. he's been very public and not waited for the house to act
without speaking publicly where he stands on overall price tag, the revenue sources, the taxes, or even what's included in the bill. so when he says all in the hands of the house right now, i'm going to take this as a "no comment" from joe manchin at this moment. am i wrong? >> reporter: i think that's correct, kate. it's surprising because he is the one who's been in the center of all these talks. he is the one who knows where this framework -- what it would look like today. the bhishls were meeting with him and kyrsten sinema for hours yesterday going through all these different proposals. he came out of that meeting yesterday, i asked him about what happened, and he said it's up to the caucus to decide, indicating that he has essentially -- what they had proposed as far as that he'd be willing to go. he know what is's in here. he didn't need extra time to evaluate this proposal. he knew that paid leave was going to be dropped. it was dropped because of him. he knew what the price tag was. he indicated privately i'm told that he would be willing to go up to $1.75 trillion.
he had been at $1.5 trillion. so the fact that he's not willing to say yes, i will support it, was going to be viewed by liberals as a warning sign, at the end of the day, if they were to vote yes on this infrastructure bill today, he may turn around and sink this bill. they would still like to get it passed. that might not be enough. >> stand by, every. we are waiting to hear from president biden and how he makes the pitch, what pitch he makes to the american people, to members of his own party to get this over the finish line. a huge moment in joe biden's presidency. we're waiting to hear from him. we'll bust the break if he comes out. orrr... you could cancel the meeting and share updates in slack instead. it's where your whole team is in one place so everyone can stay up to date. slack. where the future works.
bogeys on your six, limu. they need customized car insurance from liberty mutual so they only pay for what they need. woooooooooooooo... we are not getting you a helicopter. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
and we are following breaking news, stand big to hear from president biden any minute now to lay out his new proposal, framework, unveiled today before house democrats and the $1.75 trillion social safety net package. this is the new framework the white house has laid out. he went to capitol hill to pitch it to house democrats. we're waiting to hear from the president himself as we speak. a major moment in his presidency. manu raju, there o's a lot at stake. he lays that out clearly to members of his party this
morning for the congress, for his presidency. can you lay out what is in this framework as we know it right now? >> reporter: yeah. $1.75 trillion would substantial expand the social safety net, dealing with issues of climate change, pumping hundreds of billions of dollars into efforts to combat global warming, expanding medicare to deal with the issue of hearing, stopping short on what liberals want like vision as well as dental. some people wanted a more expansive component of that program. this proposal deals with the affordable care act, expanding universal pre-k for children and a whole wide range of issues to help close that so-called medicaid coverage gap. a number of states not covering individuals who have -- who would have been subjected to the expanded version of that program. this proposal would deal with that. but it does leave out some key provisions that liberals have been pushing, particularly paid
leave. that is something that joe manchin in particular had raised concerns about. that was left out. t no requirement for companies to give workers after they have a child to take some time off work or if they are sick to take time off of work. the challenge for the president here is to sell the larger proposal that has been after months of negotiations, detail, what is in that $1.75 trillion package, convince his party this is the right way to go but also convince his party to get behind that separate $1.2 trillion infrastructure plan dealing with roads, bridges, waterways and broadband. nancy pelosi, the house speaker, said she will put that bill on the floor this afternoon and would leave the vote open until she gets enough votes, a majority of the house, to push this through. the challenge is that progressives are balking. they are saying they will not support that larger plan because they believe they don't have enough insurances from the
moderate democratic senators that they will ultimately vote for that separate social safety net package. joe biden will have to convince his colleagues it's time to gor go for this because they have reached a crucial point in his president spi. that is the message he delivered behind closed doors saying their majorities are at stake in the house and the senate if they do not act within the next week, particularly today, on this infrastructure vote. progressives are not ready to v vote. bernie sanders moments ago told reporters that it doesn't make sense to vote for the infrastructure bill until all 50 senators have signed off on that larger social safety net package. all 50 senators have not yet signed off on that larger social safety net package. manchin just told reporters he would not say if he's in favor of that, saying they're engaging in good faith negotiations.
kyrsten sinema would not say. a lot of questions, kate. >> everybody, stand by, please. joining me is one of the lawmakers who was in the room this morning when the speaker was there and the president of the united states and the house democratic caucus. congressman pete aguilar from california, vice chair of the house democratic caucus, thanks for being here. what was your take-away from the meeting with the president? >> the president detailed exactly what was in the bill, which manu just highlighted as well, but the president also highlighted the importance of his presidency and how these pieces of legislation play such an important role in his presidency and what he wants to achieve -- investments in climate, in child care, all of these things combined that are so important. but today we're going to vote on
the bipartisan infrastructure plan. >> you are confident, you guarantee that infrastructure p bill will be brought today? >> i don't make guarantees but there is a whip notice sent out. leader hoyer says we have time on the floor for the infrastructure bill. we are whipping this. we are talking about this. the president asked us for this vote. that's what we plan to do. that's what we plan to give them. >> so does that mean at this moment, are you confident you have enough progressives to push this over the finish line? >> at this moment, we're talking about the importance of this bill, what it means to the economy, creating millions of jobs, investments in broadband, investments in our highway infrastructure, ree de-- reduci i e m emissions.
what we're trying to highlight to our colleagues is this is the first step, the next step. we will have other bills as well that will come up. we be build upon this framework, but right now we need to do this bill. >> congressman, candidly, that is where you all have been for a really long time, saying this is a first step, there is a next step, and more work to be done. are you calling the progressives' bluff? >> the difference is that the president came to the house democratic caucus and asked for this vote. that's the difference. so before we were dealing with time lines, dealing with discussions and frameworks. the president came here, he delayed his flight to europe to come here to ask the house democratic caucus to trust him, to trust his leadership, and to deliver this vote. >> i'm going to read you some reporting from my colleagues on the hill, manu raju and ted
barrett and monica fox are doing. it's all in the hands of the house. i've been dealing in good faith and will continue to deal in good faith joe manchin says. lauren fox is reporting then pressed, that means he supports this new package, and te hthey wills ted barrett, you've got two ears, listen. what do you think that means? >> i'm not going to be a senate kwhis perrer today. i can tell you what the house is planning and doing. >> congressman, it matters. >> what matters today -- what matters today -- what matters today is that we address this bill p the president came to the house democratic caucus. he asked for this support. he asked us to join with him in creating millions of good-paying jobs and reducing emissions, tackling the climate crisis, addressing broadband issues that are contained within the infrastructure bill.
what matters today is that we get this bill on the house floor. that's what we plan to do, what the president asked us to do, and what house leadership is aiming toward. >> and if it doesn't pass? because this is the choice that you have now. if it doesn't pass, what do you do? >> we'll cross that bridge hopefully when -- what we plan to do is to get this done. so, you know, we're not going to deal with the hypotheticals yet. we're going to plan to hold this vote. we're having those conversations. the whip notice is out. that's our plan, our focus, is to deliver this bipartisan agenda. >> did the president say to you in this meeting that the house and senate majorities and my presidency will be determined by what happens in the next week? >> yes. the president framed it that the importance on his agenda, on his presidency by our actions in
these legislative chambers, we're no strangers to that responsibility. we have the weight and the responsibility of legislating, of governing. that's what the majority is about. it doesn't look as pretty as some people would like it to. at the end of the day it's about the investments in infrastructure, in child care in the next package. those are the things people back no in san bernardino care about and what we plan to deliver. but the president did tell us clearly that his presidency, that the agenda and his leadership is on the line and he wants our support. >> one thing that progressives have been clear about from the very beginning is that they are not -- is that they don't trust the process as it's been playing out. they don't trust moderates or joe manchin or kyrsten sinema. if they did, they would be going along with it, they would have voted on infrastructure a long time ago.
i don't see what's changed in the last 24 hours. they've said they need to see legislative language before they can vote on anything and they still don't have it. how is that an unreasonable position if they've had it all along when they say they want to see legislative language before they volt? >> you'd have to ask them that question themselves. what i can tell you from the house democratic caucus perspective is the speaker stood in front of us, she told us that we were going to have this vote. the president came. so what's changed, your question was what's changed in the last 24 hours, that's what's changed. we have an agenda to put this on the floor. the speaker asked me to consider this item. she right now is having conversations with members still, and the president came before our caucus and asked us to support this vote. he's going to get on a plane, land in europe, and we don't want him to do that empty-handed. we want to deliver a victory for our president. >> do you need to hear from -- do you think it would be helpful to house democrats on this vote
on infrastructure and any of this process going forward to hear a clear statement from joe manchin and kyrsten sinema? neither of them in their statements after this meeting so far and in reaction to the framework, neither of them are making any clear statement about their support. >> sure. we need to know there are 50 supporters behind that framework. we're dealing with those. we're putting language behind that framework, you know, as we speak. but the more we can hear from those two senators specifically the better. but we're operating in good faith, and we're engaging in productive conversations with those folks on our house chamber. that's what we can control on our side. i would love for them to comment and support the framework a little bit more. but i don't give them advice. what we handle here in our own house chamber is our agenda, focused on our communities,
focused on giving back, focused on child care, on climate. those are the important priorities. >> sorry. we are probably close to hearing from the president as i saw them put remarks on the podium. to confirm, you are whipping this infrastructure bill now. you are putting -- this vote is going to happen today, and it will stay open for how long? >> with jim clyburn sending the notice out, we are asking members to support this piece of legislation. the majority leader, steny hoyer, has indicated we will have the vote today. we will leave the vote open and we plan to win this vote. that's what we plan to do. the infrastructure improvements are needed, necessary, and are the first step to addressing climate and unlocking the benefits that we will see in the next package that we address. >> congressman pete aguilar, appreciate your time. >> thank you. >> we're waiting for the president any second now.
let me go over to david chalian on this. david, what do you think of what we just heard from pete aguilar? >> i mean, basically you just heard the congressman put this in the hands of the house progressives. are you going to give your president a black eye publicly over his major agenda items in which he says his presidency rests? that's the question that house progressives need to answer. >> exactly right. thank you, david. here we go. president biden and vice president kamala harris. >> today i'm pleased to announce after months of tough and thoughtful negotiations i think we have an historic -- i know we have an historic economic framework. it's framework that will create millions of jobs, grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity, put us on a path not only to compete but to win the economic
competition for the 21st century against china and every other major country in the world. it's fiscally responsible, it's fully paid for. 17 nobel prize winners in economics said it will lower the inflationary pressures on the economy. over the next ten years, it will not add to the deficit at all. it will actually reduce the deficit, according to the economists. i want to thank my colleagues in the congress for their leadership. we spent hours and hours over months and months working on this. no one got everything they wanted, including me, but that's what compromise is. that's consensus. and that's what i ran on. i've long said compromise and consensus are the only way to get big things done in a democracy, important things done for country. i know it's hard.
i know how deeply feel feel about the things they fight for. but this framework includes historic investments in our nation and in our people. any single part of this framework would fundamentally be viewed as a fundamental change in america. taken together, they're truly consequential. i'll have more to say after i return from the critical meetings in europe this week, but for now let me lay out a few points. first, we face -- and i apologize for saying this again -- we face an inflection point as a nation. for most of the 20th century, we led the world by a significant margin because we invested in our people, not only in our roads and highways and bridges, but in our people, in our families. we didn't just build an interstate highway system. we built a highway to the sky. we invested to win the space race, and we won. we're also among the first to provide access to free education
for all americans beginning back in the late 1800s. that decision alone to invest our children and their families was a major part of why we were able to lead the world for much of the 20th century. but somewhere along the way, we stopped investing in ourselves, investing in our people. america is still the largest economy in the world. we still own the most productive workers and most innovative minds in the world. w we risk losing our edge as a nation. our infrastructure used to be rated the best in the world. today, according to the world economic forum, we rank 13th in the world. we used to lead the word in educational achievement. now the organization for economic cooperation and development ranks america 35th out of 37 countries when it comes to investing in early childhood education and care. we know how our children start
impacts significantly on how they'll finish. we can't be competitive in the 21st century global economy if we continue to slide. that's why i've said all along we need to build america up from the bottom up and the middle out, not from the top down, with the trickle-down economics that's always failed us. i can't think of a single time the middle class has done well that the wealthy haven't done very well. i can think of many times when the wealthy and super wealthy do very well and the middle class don't do well. that's why i proposed the investments congress is now considering in two critical pieces of legislation, positions i ran on as president, positions announced when i laid out in a joint session of congress what my economic agenda was. these are not about left versus right or moderate versus progressive or anything else that pits americans against one another. this is about competitiveness versus complacency,
competitiveness versus complacency. it's about expanding opportunity, not opportunity to deny. it's about leading the world. we're letting the world pass us by. today, with my democratic colleagues, we have a framework for my build back better initiative. here's how it will fundamentally change the lives of millions of people for better. millions of you are in a so-called sandwich generation who feel financially squeezed by raising a child and caring for an aging parent. about 820,000 seniors in america, people with disabilities, have applied for medicaid but they're on a waiting list right now, to get home care. they need some help, not -- they don't have to be kicked out of their homes, but they need a little help getting around, having their meals made occasionally for them. they don't want to put them in
nursing homes not because of the cost but because it's a matter of dignity. they want to stay in their home. but it's hard. they're just looking for an answer so your parents can keep living independently with dig dignity. for millions of families in america, this issue is the most important issue they're facing. it's personal. so here's what we're going to do. we're going to expand services for seniors so families can get well from well-trained, well-paid professionals to help take care of their parents at home, to cook a meal for them, get their groceries for them, to help them get around, to help them live in their own home with the dignity they deserve to be afforded. quite frankly, what we found is that this is more popular or as popular as anything else we're proposing because the american people understand the need. it's a matter of dignity and
pride for our parents. 350 years ago, we ranked seventh among the advanced economies in the you know where we are today? we rank 23rd, 23rd, 7 to 23. once again, our competitors are investings, and we're standing still. today there are nearly 2 million women in america not working today simply because they can't afford child care. typical family spends about $11,000 a year in child care. some states it's $14,500 per child. we're going to make sure nearly all families earning less than $300,000 a year will pay no more than 7% of their income for child care, and for a family making $100,000 a year, that will save them more than $5,000 in child care. this is a fundamental
game-changer for families and for our economy as more parents, especially women, can get back to work and work in the workforce. i'm looking at a lot of significant press people in front of me. a lot of them are working, working mothers. they know what it cost. i remember when i got to the senate, i lost my wife and daughter in an accident, my two boys. i started commuting 250 miles a day because i had my mom and my dad and my brother and my sister to help me take care of my kids because i couldn't afford child care, and i was getting a serious salary, $42,000 a year. we've also extended historic middle class tax cuts. that's what i call them. middle class tax cuts for parents. that is the expanded child tax credit we passed through the american rescue plan. what that means is for folks at home, they are getting $300 a month for every child under the age of 6, $250 a month for every
child under the age of 18. we're extending that for another year. the money is already a life-changer for so many working families. this will help cut child poverty in half this year according to the experts. that's not all it does. it changes the whole dynamic for working parents. in the past, if you paid taxes and had a good income, you could deduct under the tax code $2,000 per child from the taxes you owed, but how many families do you know, a cashier, waiter, health care workers, who never got the benefit of the full tax credit because they didn't have that much to deduct, and it wasn't refundable. so it either came off your tax bill or you didn't get full credit. why should somebody making $500,000 a year or $150,000 a year or $200,000 a year get to write it off their taxes? and the people who need the help
even more, they don't have that much tax to pay. they don't get the ben fitbit, and they have the same cost of raising their children. 80% of those left out were working parents who just didn't make enough money. that's why in the american rescue plan we didn't just expand the amount of the middle class tax cut, we also made it refundable. this framework will make it permanent refundable, making sure the families who need it get a full credit for it in addition to those who are already getting full credit. they are going to make sure that every 3 and 4-year-old child in america will go to high quality pre-school. that's part of the legislation i just brought up to the congress. studies show that when we put 3 and 4-year-olds in school, not day care, school, we increase by up to 47% the chance that that child, no matter what their background, will be able to earn
a college degree. if my wife jill was in the back says, any country that outeducates us will outcompete us. we can finally take us from 12 years to 14 years of universal education in america. we also make investments in higher education by increasing pell grants to help students from lower income families attend community colleges and four-year schools, and we invest in historically black universities, colleges and universities, hbcus, minority serving institutions and tribal colleges to make sure every young student has a shot at a good-paying job in the future. this framework extends tax credits to lower premiums for folks on -- who are in the affordable care act for another three years. for 4 million -- for 4 million folks in the 12 states have an expanded medicaid, all the rest have, this framework len able you to get affordable coverage,
and medicare will now cover the cost of hearing aids and hearing checkups. this framework also makes the most significant investment to deal with the climate crisis ever ever happened, beyond any other advanced nation in the world. over a billion metric tons of emission reductions, at least ten times bigger on climate than any bill that has ever passed before and enough to position us for a 50% to 52% emissions reduction by the year 2030, and we'll do it in ways that grow the domestic industries, create good-paying union jobs, address long-standing environmental injustices as well. tax credits to help people do things like weatherize their homes so they use less energy, install solar panels and develop clean energy products and help business produce more clean in, and when paired with the bipartisan infrastructure bill
we'll truly transform this nation. historic investments in passenger rail. everybody says biden is a rail guy. that's true, but passenger rail and freight rail and public transit, it's going to make hundreds of thousands -- take hundreds of thousands of vehicles off the road saving millions of barrels of oil. everybody knows all the studies show if you can get from point "a" to point "b" on electric rail, you won't drive your car. you'll take the rail service. we'll also learn that in most major cities in america, minority populations, the jobs they used to have in town, they are now out of town. roughly 60% of the folks, they don't have vehicles so they need to have the means to get out of town to their jobs, to be on time. that's -- this will do that like it did for detroit. 95% of the 840,000 school buses in america run on diesel.
every day more than 25 million children and thousands of bus drivers breathe polluted air on the way to and from school from the diesel exhaust. we're going to replace thousands of these with electric school busses that have big batteries underneath and that had are good for the climate. i went down to one of the manufacturing facilities and got them, got in one, driver them, they do not expend any -- they do not expend any pollution into the air. we'll build out the first ever national network of 500,000 electric vehicle charging stations all across the country so when you buy an electric vehicle and you get credit for buying it. you buy an electric vehicle, you go all the way across america on a single tank of gas, figuratively speaking. it's not gas. you plug it in. 500,000 of them. these stations along the way. we're going to get off the
shrines on manufacturing solar panels and wind farms and electric vehicles with targeted manufacturing credits. in manufacturing you get a credit for doing it. these will help grow the supply chains in communities too often left behind, and we're going to reward countries for paying good wages -- companies i should say for good wages and for sourcing the materials from here in the united states. that means tens of millions of panels and turbines, doubling the number of electric vehicles we have on the road within just three years. we'll be able to sell and export these products and technologies to the rest of the world and creating thousands more jobs because we are once again going tonight innovators. we'll also make historic investments in environmental cleanup and remediation. that means putting people to work in good-paying jobs at prevailing wage, capping hundreds of thousands -- hundreds of thousands abandoned
wells and gas well, oil and gas wells, that need to be capped because they are leaking things that hurt the air. putting a stop to the methane leaks and the pipelines, protect the health of the our communities. it's a big deal, and we'll build up our resilience for the next upstorm, drought, wildfires and hurricanes that indicate a blinking code red for america and the world. last year alone these types of extreme weather events you've all been covering and you've all wnsz and some of you have been caught in the middle of have caused 99 billion in damage to the united states in the last several years, $99 billion. we're not spending any money to deal with this? it's costing us significantly, and i met -- in pittsburgh i met
an ibew electrical worker who climbs up on the power lines in the middle of storms to fix transformers to keep the lights on and he calls him sale of 100% union guy. his job is dangerous. as he said, and i quote, i don't want my kids growing up in a world where the threat of climate change hangs over their heads, end of quote. folks, we all have that obligation, an obligation to our children and to our grandchildren. the bipartisan infrastructure bill is also the most significant investment since we built the interstate highway system and won the space race decades ago. this is about rebuilding the arteries of our economy. across the country now there are 45,000 bridges and 1773 miles -- 173,000 miles of road that are in poor condition, some of the bridges aren't even going to take a chance that they will