don t have an electoral mandate to make these huge changes, not only in our economy but in our society. this thing is filled with all sort of societal changes. $555 billion worth of changes on climate change issues, which again will probably be attacking fossil fuel industry, can will make gas prices go up even more. there s not a mandate for that. the public, all the polls are showing that people specifics of this plan, that people don t agree with and they blame this plan, if it s enacted for even more inflation. they know where the inflation comes from. they can see it in their day-to-day lives. it s hurting them, hurting families. just think of it, families making $60,000 a year, we re going towards 10% inflation. very close if not already at double digit inflation, 10% right now. $50,000 a year salary, that cuts $5,000 out of all of your expenses in a year. many families can t afford that.
sitting back, that he is leading. i think it is the appropriate measure. i would also point out that in the infrastructure bill that we just passed, and the president signed about two weeks ago, there is money in there that will help with respect to our supply chains. finally, we do know that the quicker that we accelerate the transition to renewables, the better off that we will all be, not just at the pump but also in terms of our foreign policy. that s why passing the build back better act this month is so crucial. there s $555 billion in there to help accelerate the transition to renewables. that s not only best for our wallets and our pocketbooks, that s also what s best for our fight against climate change. which brings me to my next question. do you think build back better will pass? and what might have to be taken out in order to do so? yeah, i do, alex. what an historic week we had a
wants in his package reporter: currently in the $1.6 trillion version, free universal pre-k, an expanded child tax credit, four weeks of paid family leave, more medicare benefits and $555 billion to combat climate change. including clean energy tax credits. this bill is monumental. it s bigger than anything we ve ever done. reporter: but substantial changes are expected once the senate takes it up after the thanksgiving holiday. with parental leave and the overall price tag still major sticking points to get all 50 democrats on board. monica, what does the timeline look like for the plan reporter: well, the senate will try to approve the bill by christmas but it will have to go back to the house for final passage, all while congress will be juggling end of year deadlines on government funding and raising the debt ceiling. thank you still ahead tonight, new video of a missing chinese tennis star. why so many don t trust it though.
free universal pre-k and subsidies for day care and provided $555 billion to combat climate change, decreasing state and local taxes, expands child tax credits for a year can and allows four weeks of paid family leave. now i m home and going to be talking with thousands of parents who every single day in my district worry they re going to pay for khiel care and be able to make sure they can go to work and not figure how they re going to pay for grocery bills and their rent. that s what the child tax credit being extend willed do for them. democrats may still find it a hard sell for their own colleagues in the senate who previously opposed paid family leave, higher s.a.l.t. deductions and immigration reform. some already pushing back on those who see it as socialism. no. it s not a government takeover.
climate change. many of those programs are contained within the build back better act, which passed the house yesterday and now heads to the 50/50 senate. are you optimistic about its chances there? i am very optimistic, and i want to just say how proud i am of all democrats and certainly of the congressional progressive caucus that held the line, reverend al, and said we re not going to do one without the other, we re not going to leave anybody behind. and so this bill that s going to go to the senate has universal child care, universal pre-k, cuts the cost of health care and prescription drugs for americans across the country, $555 billion into climate change, and taking on carbon emissions so we can get to the goals we ve laid out for 2030 and 2050. very important. the biggest investment ever into public housing. that is a racial justice issue in my mind.