White House confident Biden’s bill will pass the House this week
Washington — President Joe Biden’s top economic adviser on Sunday expressed confidence that the $1.85 trillion White House domestic policy package will pass quickly through the House this week, and said approval could not come at a more urgent time as consumer prices soar.
Inflation is now high. “It affects consumers in their pocket and also in their view of the economy,” said Brian Dees, director of the National Economic Council.
“This, more than anything, will come at the cost to Americans,” he said, before adding that the House of Representatives will consider the legislation this coming week. “You will get a vote, and you will pass.”
The House has been moving toward approval of the massive, Democratic-only bill even as the measure faces greater challenges in the Senate, Senator Joe Manchin, D. reduce its size.
In a letter Sunday to fellow Democrats, Majority Leader Chuck Schumer, DN.Y. , with “time and patience” to work through a bill of this size.
Consumer prices have risen 6.2% over the past year, the largest jump in 12 months since 1990. Deese acknowledged that prices may not fully return to the normal 2% level until next year due to the ongoing effects of COVID-19, but said the measure would go some way. A long way toward “cutting costs for American families.”
“We are confident that this bill, as it moves through the process, will be paid for in full, and not only that, but it will actually reduce the deficit in the long run,” he said.
Biden on Monday planned to sign a trillion-dollar infrastructure bill, a bipartisan effort that passed earlier this month after President and House Speaker Nancy Pelosi, D-Calif., pledged action on Biden’s broader package to expand health and care. Children, the elderly and child care. Climate change by mid-November.
House progressives have threatened to block the infrastructure bill without a firm commitment to take immediate action on the broader package.
House centrists say they will vote on the package early this week if an upcoming analysis by the Congressional Budget Office confirms White House estimates that the bill is paid in full. This measure will be covered by changes in corporate taxation, such as the introduction of new minimum corporate taxes, while increasing taxes for high-income people.
On Friday, Pelosi wrote to Democrats reiterating her plan to move forward soon, noting that CBO’s estimates released so far on parts of the plan were consistent with White House expectations.
“We’re on our way to further immunization with numbers from the Congressional Budget Office,” she said.
Representative Fred Upton, R-M., who is one of 13 House Republicans who voted in favor of the infrastructure bill, said he was not convinced the broader package would get House approval this week.
“I don’t think the votes have arrived yet,” he said. “A large number of Democrats have demanded and will receive a CBO report on whether it has really been paid for? What do you do when you expand Medicare? What does that do to solvency?”
“In a way, I don’t think we’re going to have those answers… for Pelosi to have the votes set before the end of the week.”
The bill is expected to face changes in the Senate. With the Republican opposition and the Senate split 50-50, Biden has no votes to spare.
Manchin has been particularly vocal about the risks of a worsening budget shortfall and has already succeeded in lowering the bill from Biden’s original $3.5 trillion price tag. Last week, Mansion The alarm sounded again On the “threat posed by record inflation”.
Deese has appeared on CNN’s “State of the Union” and ABC’s “This Week” and Upton spoke on CNN.
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