After months of infighting and cost concerns, House Democrats passed their massive social spending bill. Now, it’s the Senate’s turn.
The House passed a sweeping $1.7 trillion spending bill Friday, a major step forward for the health care and climate package before action turns to the Senate, where an uncertain fate awaits.
House Majority Leader Steny Hoyer , Pelosi’s longtime deputy, called it “one of the most consequential bills that any member will ever vote on.”Democrat — Rep. Jared Golden — voted in favor of the package, with all Republicans opposed. Democratic leaders had originally wanted to vote Thursday evening butafter House Minority Leader Kevin McCarthy held the floor with a speech lasting more than eight hours that referenced everything from Teslas to Tiananmen Square.
“Passing this … will change the focus from process and topline numbers to the substance,” said Rep. John Yarmuth , chair of the Budget Committee, acknowledging that at times he was uncertain whether the bill could pass the House with such narrow margins. But many senior Democrats argue if there’s anything that can reverse their fate, it’s a sprawling policy package that will help millions of people — either through education, health care, child and elder assistance or climate investments.
The bill also includes a major restructuring of U.S. taxes for higher-income earners and businesses, including a new minimum tax on large corporations and a new levy on stock buybacks. The proposal also has a new surtax on millionaires, though Democrats have vowed that no one earning less than $400,000 per year will pay more in taxes.
The White House disputes the CBO number, saying it doesn’t fully account for money coming in from increased IRS enforcement under the bill — additional revenue that administration officials insist will cover the total cost of the legislation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Democrats pass Biden's social safety net expansion but major obstacles await in the SenateBREAKING: House Democrats have voted to pass President Biden's sweeping $1.9 trillion social safety net expansion legislation, a victory for the party even as the legislation faces a tough road ahead in the Senate.
Read more »
House votes to censure Gosar over AOC video, 2 Republicans join DemocratsThe Arizona Republican congressman, who loses two committee posts, didn't apologize for his social media video and instead argued it was 'mischaracterized.'
Read more »
House Democrats to lose 15th incumbent ahead of 2022 midterms with latest retirementDemocratic Congressman G.K. Butterfield will retire from his North Carolina district. He is the 15th House Democrat to either announce retirement or a run for another office this cycle.
Read more »
House Democrats just passed Build Back Better—here's what's includedHouse Democrats advanced their version of the $1.75 trillion bill that includes paid parental leave, a continuation of the enhanced child tax credit and more.
Read more »
House Democrats delay Build Back Better vote after GOP leader stalls with hourslong speechUPDATE: Democrats delay Build Back Better vote after Minority Leader McCarthy stalls with a record, hourslong speech The House is now slated to meet at 8 a.m. on Friday to finish consideration of the Build Back Better bill.
Read more »
Democrats Delight in Roasting 'Imbecile' Kevin McCarthy's Eight-Hour House Floor Speech“It is a feat of epic proportions to speak for … hours straight and not produce a single memorable phrase, original insight or even a joke,” Rep. Jamie Raskin tweeted
Read more »