Negotiamini Media
Truth is Powerful

Biden’s Economic Plan at Risk of Delays as Democrats Squabble

2

Democrats still split on taxes, drug-price rules, other issues

Moderates, progressives remain at odds over $3.5 trillion plan

President Joe Biden Photographer: Oliver Contretas/Sipa/Bloomberg President Joe Biden’s economic agenda risks getting delayed by weeks or months in Congress with tax, health care and other issues still unresolved and continued squabbling between the Democratic Party’s progressive and moderate wings.

House committees on Wednesday wrapped up work on significant portions of the package, including $2.1 trillion in tax increases to help pay for the biggest expansion of social welfare programs in decades. That technically meets the Democrats’ self-imposed deadline, but the action belies the obstacles still ahead that threaten to diminish Biden’s ambitious proposals and put off votes on them in the House and Senate.

“Some folks have issues on climate change, some people have issues on tax and some people have issues on health care,” said Senator Chris Murphy, a Connecticut Democrat, adding that he thinks Democrats ultimately will agree on a package.

Democratic Senator Ben Cardin of Maryland said that the Senate would likely take whatever passes the House, change it and send it back to the House. He said he doesn’t see that happening this month.“It’s going to take […]

Click here to view original web page at www.bloomberg.com

Comments
Loading...