WASHINGTON (Reuters) – The U.S. House of Representatives is expected to vote on Friday on a bipartisan social policy, climate change and infrastructure bill that form a cornerstone of President Joe Biden’s legislative agenda, a top Democratic aide said on Friday. Thursday.
The aide said Democrats have missed their own deadlines to vote on the legislation, but that their leadership feels confident they could end on Friday.
Earlier Thursday evening, Biden was calling several members of the House of Representatives and urging them to pass a $1.75 trillion reconciliation bill, a White House official said.
Democrats want this trillion-dollar infrastructure measure bill, which the Senate has already approved, to pass by Thanksgiving later this month.
Biden left for Europe last week to attend a meeting of G20 leaders and a United Nations climate conference without agreement on the legislation. A affirmative vote before the conclusion of the climate conference in Glasgow on November 12 would bolster the credibility of Biden’s pledge to halve US greenhouse gas emissions from 2005 levels by 2030.
Democrats suffer a disappointing loss in Virginia this week when a Republican took office in a state that Biden easily won in 2020. And the party is eager to show it can advance the president’s agenda, fending off Republicans in mid-term 2022. Elections when control is on The House and Senate are at stake.
The Nonpartisan US Joint Committee on Taxes released a report that ranked the Building Back Better provisions of tax revenue at $1.48 trillion over the next decade.
House Speaker Nancy Pelosi and Ways and Means Committee Chairman Richard Neal said the committee’s analysis did not take into account additional revenue from provisions intended to boost tax collection in the Internal Revenue Service and reduce the cost of prescription drugs for the Medicare for the Elderly Program.
“It’s an objective view that is being paid hard for,” Pelosi told reporters after House Democrats met on the legislation.
Moody’s Analytics analysts said Thursday that bills will be paid in full and jobs added, but that implementing them will require “skilled governance.”
Treasury Secretary Janet Yellen issued a statement saying the legislation would raise more than $2 trillion, enough to pay the bill and “reduce the long-term deficit.”
The Tax Commission only evaluates tax provisions in legislation. The Congressional Budget Office, another nonpartisan arm of Congress, is expected to provide IRS revenue results and drug pricing terms, Democrats said. ivermectin 12 use in hindi However, a final CBO report is not expected this week.
If passed by the House, the social policy legislation will move to the Senate, which is also controlled by Democrats, where Majority Leader Chuck Schumer wants to enact it before the Thanksgiving holiday on November 25. ivermectina co bula
The Joint Tax Committee said the legislation would collect 0 billion in tax increases for high-income individuals and 4 billion in corporate and international tax reforms from 2022 to 2031. ivermectin sheep pour on
Congress faces another pair of crucial deadlines in less than a month: Lawmakers have set a December 3 deadline to avert a potential economic default on federal government debt, as well as to avoid a politically embarrassing government shutdown.
Additional reporting by Susan Cornwell, David Morgan and Jeff Mason; Additional reporting by Richard Cowan and McKinney Press. Editing by Heather Timmons, Peter Cooney and Simon Cameron Moore
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