October 29, 2021
Weideman Group Weekly
Let’s Make a Deal
President Biden and Congressional Democrats have announced they reached a deal on the framework for a $1.75 trillion spending package. The framework includes expanded coverage under the Affordable Care Act, $150 billion for affordable housing, extension of the earned income and child tax credits, increased Pell Grant funding, $100 billion for immigration backlogs, $320 billion for clean energy tax credits, $105 billion for environmental resilience, $130 for renewable energy development, a 15% minimum tax for corporations, and more. The compromise deal does not include some components that were previously on the table, such as allowing Medicare to negotiate drug prices, paid family leave, and the Clean Electricity Performance Program. A vote on the deal is still pending, which is a sign that there are still some reluctant Congressional Democrats.
Ports & Goods
Governor Newsom announced a partnership with the U.S. Department of Transportation amid the historic backlog of goods at the Ports of Los Angeles and Long Beach. The deal will inject $5 billion in loans to the ports to expedite projects to improve infrastructure. The partnership will fund longer term projects designed to prevent logistical issues that have led to the current supply chain backlog. This partnership builds on the Governor’s executive order announced last week and ahead of a legislative hearing on the topic scheduled for Wednesday.
We Draw the Lines
The California Citizens Redistricting Commission has released preliminary visualizations for Congressional, Assembly, and State Senate districts. California’s latest census data is lower than the previous decade, meaning California will be losing one congressional district and it will affect the current state legislative districts. The Commission is in the process of receiving public comments on the draft maps and will release final maps by December 23rd. The final maps must be certified by the Secretary of State no later than December 27th.
Pfizer Approved for Kids
The U.S. Food and Drug Administration has issued an emergency use authorization for the Pfizer COVID-19 vaccine for children ages 5 to 11. The panel of advisors voted 17 to 0 to issue the authorization. The Center for Disease Control and Prevention still must issue their approval before shots can start going into children’s arms. The CDC panel of vaccine advisors are meeting Tuesday to decide on the matter. The White House is hoping that the approval will lead to the full vaccination of 28 million children by early December and already has a plan in place to start that effort.