Good morning. It is Saturday, October the 30th. I'm Ali Velshi. We find ourselves this weekend in the midst of a major breakthrough on President Biden's landmark plan to shore up America's social safety net.

There is much that we stand to gain from the hard fight compromise that the president announced this week, but there is much that we are about to lose.

The original ambitious plan was cut in half to reach this compromise.

Let's start with what's in the bill.

You've got billions of dollars for universal pre-kindergarten, elder home care,

the expanded tax credit, expanded for the year 2022,

clean energy tax credits, expanded health care coverage, expanded Medicare for hearing services,

money for affordable housing and immigration reform funding. And that is all transformational,

especially when it comes to the funds that are going toward clean energy and climate investments.

This will be the largest clean energy investment

in U.S. history, with billions of dollars going toward clean energy tax credits, resilient

investments, and incentives for businesses to consume fewer fossil fuels. Another transformational

program is the $400 billion toward child care. That would come

now to a little over 24,000 for the 1.6 million preschool age kids in America. Now, if Democrats

actually manage to get this bill passed, that could finally put us on par with other developed

countries. Let me just give you a quick comparison of how much developed countries

spend on child care for toddlers. Norway's at the top of the chart with nearly $30,000 per child.

Iceland, Finland, Denmark all spend more than $20,000 per child. Then you got the United States,

which until now spends about $500 per child before this new bill.

There are, however, a lot of important and popular programs that didn't make it in.

They include an increase in paid family leave, free community college, expanded Medicare coverage for dental and vision and prescription drug reform.

And that is a huge opportunity cost. America is missing a rare chance to catch up to how other developed nations treat their

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