fund the government or a debt ceiling collision happens, so a lot here to watch, neil. neil all right. hard to keep up. jacqui heinrich. now, the prime minister, of course, talked the president, of course, talked of a stalemate yesterday, so it was not quite the happy talk we were hearing from those on capitol hill on where this is going. lucas tomlinson with the latest from the white house. lucas? reporter: neil, president biden says this massive $3.5 trillion spending bill, the largest in history, will cost nothing. it s all paid for. it s all paid for. but a lot of these are flat tax cuts that exist within my proposal. and they re being calculated as if the cost of the childcare tax crept is a cost to the government credit is a cost to the government. it s not. it s the reducing taxes, reducing taxes, not increasing taxes. reporter: biden says the massive spending plan will be paid for through tax hikes on
if they are going to hold these votes and feel they have the support for them but they haven t finalized exactly which structure they re going to use. but the president has been saying now for many weeks, including most recently just yesterday, that there is a way to pay for all of this because there s a major question about what this could mean for the budget and the way it would happen is essentially over a long period of time, so we re talking about over the next 8 to 10 years, but take a listen to why president biden feels people need to pay their fair share at this point in time. we talk about price tags. the it is zero price tag on the debt. we re paying going to pay for everything we spend. it s all paid for. it s all paid for, but a lot of these are flat tax cuts that exist within my proposal. and they re being calculated as if the cost of the child care
it s all paid for. it s all paid for. but a lot of these are flat tax cuts that exist within my proposal. and they re being calculated as if the cost of child care tax credit is a cost of the government. it s not. it s reducing taxes, reducing taxes. not increasing taxes. now, part of the problem is, i had hoped, i hadn t planned on or anticipated that might happen, i hadn t planned on the 178-mile top winds, hurricanes going to louisiana and 20 inches of rain in new york and new jersey and an area as big as the state of new jersey burning down in the west. so what i had hoped i would be doing, i do what i did in the campaign. i would be out making the case about what my plan contained. and it s been very much curtailed by a whole range of
getting people back to school, etc. it is all paid for. it is all paid for. a lot of these are flat tax cuts that exist within my proposal. and they are being calculated as if the cost of the childcare tax credit is a cost to the government. it is not. it s reducing taxes. reducing taxes, not increasing taxes. now, part of the problem is i had hoped i hadn t planned on although i anticipated might happen. i hadn t planned on the 178 mile top w inds going to louisiana and 20 inches of rain in new york and new jersey and an area as big as the state of new jersey burning down in the west. and so what i had hoped i would be doing, i do what i did in the campaign. i would be out making the case about what my plan contained. and it has been very much curtailed by a whole range of things.
on monday? [inaudible]. [muffled audio]. [overlapping talking]. [muffled audio]. president biden is selling that bill to democrats as legislation that won t drive up the deficit. it is zero price tag. we are going to pay for everything we spend. it s all paid for. a lot are flat tax cuts that exist within my proposal. he said the rich will pay their fair share in taxes and the social spending bill needs help. some democrats demand for engagement. democrats are fighting with themselves. at a released a social spending bill today. 2400 pages. pelosi told members the bill may change. neil: all right. chad. the president saying this is all