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I'm Ruggumadavolin.

It's Wednesday, and this is your Politico Playbook Daily Briefing.

President Joe Biden began pitching lawmakers on an outline for his buildback better plan last

night.

The proposal pegged in the range of $1.75 to $1.9 trillion. It's far from a done deal.

Moderates and progressives will have plenty to say before giving anything their blessing,

but Hill Democrats are relieved that Biden is getting his hands dirty after sitting on the

sidelines for weeks. Here's what Biden told lawmakers about the state of play, as well as our own

analysis of the latest.

Most surprising, there's little love for the child tax credit.

It was one of the crowning achievements of Biden's first legislative victory in the pandemic

relief bill, but Biden told lawmakers they may extend the enhanced child tax credit for only one year.

House sources tell us this could be a big problem for Democrats who wanted to make the enhancements

permanent, particularly the 100-member new Democrat coalition.

Even frontliners and tough districts wanted to extend this as long as possible.

Here's the thinking behind it.

Of all the policy changes and build back better, this is the one that some Democrats believe

the GOP will actually extend

since the party has endorsed versions of the credit before.

And therefore, some think, it could be a safer bet to fund for only a short time.

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