Here are the roadblocks still ahead for the $3.5T budget bill

Here are the roadblocks still ahead for the $3.5T budget bill

do you think that uh that this is now in motion in a done deal or or still some heavy lifting to do in the senate or with i don’t know with the the far left in the house for democrats where’s where’s the stumbling blocks now yeah well i mean i think the the quote the great philosopher jerry reid we have a long way to go in a short time to get there uh they have a lot of uh so a lot of work to do it’s particularly on this reconciliation bill they want to try to get this thing done in september listen just just to compare it took it took republicans two months to get that tax cut done back in 2017 and there was plenty of agreement uh there’s still a lot of hashing out that that top line number hides the fact that all those individual programs they still need to figure out you know what they’re going to spend they’re not going to be spending 3.5 trillion so there’s a lot of work left to be done in a rather short amount of time congresswoman edwards that something that people are positing is that the the far left of the party said that this is not going to be good enough uh they want the reconciliation done before they go for the uh the infrastructure deal and that and that this kind of satisfies both sides the journal called it a fig leaf uh for uh for the mot for the moderates like josh scottheimer but do you think that they’ll do on the 27th you think they’d do it if reconciliation isn’t done will they go along with it well first of all i think um giving nancy pelosi a month in the house to really bring together all of the caucus i think is really an important timeline i mean my experience is that once they’ve taken the vote on the on the budget it really becomes very very difficult to kind of go back track on your vote having cast one vote before and i think that that is going to be important leverage i agree it actually was a fig lead for for moderates i think nancy pelosi chuck schumer and the president are all still committed to doing both of these things at the same time that was the deal that was struck and i think progressives are going to hold to that and the leadership is going to hold hold to that and um i don’t see as much of a problem getting to whatever that number is because i think many of these issues especially in legislative language have been worked out but for the numbers i mean keep in mind this has been a work in progress um not just for these last several weeks and days but it’s been a work in progress really for the last several years jimmy how how will it work in that there’s a lot of moderates in both in the democrat and the democratic party on the in the senate and the house that they aren’t probably aren’t happy about three and a half trillion and you know the most well-known mansion in cinema what is it what’s going to happen between now and if this ever actually does pass in terms of the size what do you expect it to be to get mansion and cinema on board or do they fold too no i i don’t think they’re going to fold i i think listen i think a lot of these goals that expectation setting on the left happened when they thought they were going to win a sweeping victory uh in november they were going to you know biden’s going to win by 10 points they’re going to have a huge senate majority and those expectations have never fully ratcheted down well i think they’re about they’re going to start ratcheting down here pretty fast they’re not going to get 3.5 trillion they’re probably going to get something more at least at least i think a trillion dollar less some things they want they’re gonna less money’s gonna get spent on like uh paid leave other things aren’t gonna happen uh they’re not gonna have this big addition for dental and vision to medicare uh you know this home health thing may not happen so you’re gonna have a smaller bill that will be more paid for through tax increases you know cap gains the individual rate uh you know corporate going up to 25 so it’s going to be a smaller bill than what we’re talking about because frankly these are very narrow majorities and that reality is going to set in shepherd smith here thanks for watching cnbc on youtube
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Here are the roadblocks still ahead for the $3.5T budget bill

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