The Democrats are hoping to strike a deal on a nearly $2 trillion social spending package that would include some key elements of President Joe Biden's agenda like universal preschool, while others — like expanded Medicare coverage — appear destined for the cutting room floor. The still-in-flux plan lowers the price tag significantly, from the originally proposed $3.5 trillion package to the $1.75 trillion to $1.9 trillion range. "It's all about compromise," Biden told a CNN town hall Thursday night. "I think we can get there." Here's a look at what's likely in the reconciliation bill, and what's probably out. WHAT’S (LIKELY) IN A national four-week paid family and medical leave plan, down from the initially proposed 12 weeks. Qualifying reasons for the annual benefit would include recovering from a serious illness, caring for a seriously ill family member or caring for a new child. The White House said the program will provide workers up to $4,000 a month, with a minimum of two-thirds of average weekly wages replaced, rising to 80 percent for the lowest-wage workers. Universal pre-K for 3- and 4-year-olds. The federal government would pay for the entirety of the program for the first three years, and then some of the costs would shift to the states. A one-year extension of the child tax credit. Originally expanded under the Covid relief bill, the credit has resulted in parents getting direct cash payments from the IRS for their kids. The White House has estimated that the tax credit has slashed the country's child poverty rate in half. It provides a monthly child cash al . . . read the full article here.