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MSNBC Chris Jansing Reports June 4, 2024 17:18:00

Look like. biden calling it transformative is something i ve heard from multiple senate democrats over the last 24 hours, even though they were surprised by the bill coming yesterday, and i think the fact that they re still framing it as transformative is true when you look at what s in it. for example, more than $300 billion going towards climate initiatives, the largest investment that we ve seen from the government ever at a time when there is a true clambering for more investment in fighting climate change at this moment. at the same time, there is also the acknowledgment here that we know what used to be in this bill, when it costs $2.5 trillion and included key things like elements, things like paid family leave and universal pre-k. those are things that democrats are happy for something but do wish the package of last year could have been revived in some way. i also think you think about the people who are going on television touting this plan, certainly there are a lot of ....

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MSNBC Chris Jansing Reports June 4, 2024 17:24:00

Little bit for it to really pass to feel confident. but they are feeling really good right now, because the biggest roadblock was going to be figuring out what joe manchin wanted. and after thinking and operating and president biden said this last week, if congress won t act on climate, i ll do something. we have more than $300 billion in this bill for climate initiatives. and so they re feeling good, but waiting to see how everything plays out. and i will say they also know the political reality of trying to sell the gdp numbers we saw and also the economic benefits that they have seen over the last year and a half. it s a very complicated economy. you talk to experts and they say that is something that makes it difficult for both the white house and members of congress and other folks who are running across the country in the democratic party to explain to voters. it is harder to explain that technically this is not a ....

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MSNBC Chris Jansing Reports June 4, 2024 17:00:00

Bill is long overdue and it helps us take decisive action on the climate crisis and leads for the world by example. inflation hawks like larry summers said this bill is, quote, fighting inflation, let me say it, this bill is fighting inflation. progressive leaders like senator elizabeth warren said, quote, this is a bill that truly is about fighting inflation, bringing down the costs for families and putting our country on a sounder economic footing. here s how it works. first, the bill finally delivers on a promise that washington has made for decades to the american people. we re giving medicare, we re giving medicare the power to negotiate for lower prescription drug prices, which means seniors and consumers will pay less for their prescription drugs. medicare will save in the process about $290 billion, and ....

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MSNBC Chris Jansing Reports June 4, 2024 17:04:00

Fifth, this package will reduce the federal deficit by over $300 billion. already on my watch deficits come down in my first year by $350 billion and a record $1.7 trillion at the end of this fiscal year. now, this bill is going to keep that progress going. yes, i ll say it again, this legislation will bring down the deficit, bring down the deficit. the sixth point i want to make is this bill will not raise taxes on anyone making less than $400,000. i promise, a promise i made during the campaign and one that i ve kept. look, i know it can sometimes seem like nothing gets done in washington. i know it never crosses any of your minds. but the work of the government can be slow and frustrating, and sometimes even infuriating. then the hard work of hours and days and months from people who ....

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MSNBC Chris Jansing Reports June 4, 2024 17:21:00

And as i said, that s what i think what happened with joe biden today and his agreement provides even more solid evidence of competent leadership that gets stuff done. and one more note on republicans, they ve been threatening to block the chips bill if they thought there was still a chance of a manchin bill, and then just hours after republicans helped pass the chips bill, we got the bipartisan vote, the manchin deal gets announced. what happened there? reporter: that s something that i asked senator joe manchin about, because in the immediate aftermath of, wow, there s a deal, were the open questions of, oh, did schumer and manchin outmaneuver mcconnell here? he had laid the red line out that he wasn t going to allow a push forward on the chips bill, the semiconductor package, if there was still a hope of democrats pushing forward on reconciliation. but we know yesterday that chips passed the senate in bipartisan fashion. i asked manchin about this. listen to what he said. di ....

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