Billy House
ReporterBilly House is a reporter with Bloomberg.
Billy House is a reporter with Bloomberg.
A top House Democrat suggested Thursday that his party scale back eligibility for child tax credits as a way to unlock President Joe Biden’s stalled economic agenda.
President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker Nancy Pelosi united fractious Democrats to send the legislation to the Senate, where its fate remains uncertain.
The House reconvened for the vote Friday after Republican leader Kevin McCarthy delayed action with a more than eight-hour floor speech.
There were last-minute changes on modifying the SALT deduction and a provision allowing Medicare to negotiate drug prices.
Democrats have found new urgency to pass the roughly $1.75 trillion tax and spending plan as well as an infrastructure bill with $550 billion in new spending after being stung by a Republican sweep of statewide races in Virginia.
A new round of haggling started, as they worked to fill in details and deal with last-minute attempts to restore priorities that had been left out.
Influential lawmakers still want various tax provisions in the bill.
Some House lawmakers raised doubts about the terms of the deal and whether differences could be resolved in the next few days.
The party’s progressives and moderates disagree over which pieces of President Biden’s agenda to pay for — and how long to pay for them.
The president has warned progressives that they will have to temper expectations for the final legislation.