BELOW SUPERNAV drop zone ⇩

House Dems delay huge social bill, plan infrastructure vote

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

Testing widget old system

Lorenzo shared

WASHINGTON (NewsNation Now) —  Top Democrats abruptly postponed an expected House vote Friday on President Joe Biden’s $1.85 trillion Build Back Better domestic policy package.

In a bid to hand the president a needed victory, leaders prepared to try pushing an accompanying $1 trillion package of road and other infrastructure projects through the chamber and to his desk.

The delay on one of the votes comes after months of negotiations between Democrats and criticism by Republicans who oppose the bills.

Democrats made late-night adjustments to the social and environment bill Thursday by adding back paid family leave, work permits for immigrants, and changes to state and local tax deductions. The changes also prioritize the repeal of the so-called SALT deduction cap to prevent the super-wealthy from benefiting. Under the revised plan, the $10,000 deduction cap would be lifted to $80,000 for nine years, starting with the 2021 tax year.

The package would also support lower prescription drug costs, limiting the price of insulin to $35 a dose, and for the first time, Medicare would be able to negotiate with pharmaceutical companies for prices of some other drugs, a long-sought Democratic priority.

Medicare would have a new hearing aid benefit for older Americans, and those with Medicare Part D would see their out-of-pocket prescription drug costs capped at $2,000.

The package would provide some $555 billion in tax breaks encouraging cleaner energy and electric vehicles, the nation’s largest commitment to tackling climate change.

Much of the package’s cost would be covered with higher taxes on wealthier Americans, those earning more than $400,000 a year, and a 5% surtax would be added on those making over $10 million annually. Large corporations would face a new 15% minimum tax in an effort to stop big businesses from claiming so many deductions that they end up paying zero in taxes.

Both the paid family leave and the immigration law changes have drawn resistance from Sen. Joe Manchin, whose support remains crucial in the 50-50 Senate, where Biden has no votes to spare.

Politics

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Mostly Cloudy

la

63°F Mostly Cloudy Feels like 63°
Wind
3 mph S
Humidity
85%
Sunrise
Sunset

Tonight

Cloudy skies. Low 61F. Winds light and variable.
61°F Cloudy skies. Low 61F. Winds light and variable.
Wind
2 mph ESE
Precip
7%
Sunset
Moon Phase
Waning Gibbous