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Friday, November 19th 2021. | Sample Templates

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Democrats Tackle Changes to $2 Trillion Spending Plan as Deadlines Loom Democrats Tackle Changes to $2 Trillion Spending Plan as Deadlines Loom WASHINGTON—Democrats will sort through a heavy pile of to-do items when they return to Washington, including ironing out disagreements over their Build Back Better bill, keeping the government funded and boosting the debt limit before the U.S. runs out of money to pay its obligations. WASHINGTON—Democrats will sort through a heavy pile of to-do items when they return to Washington, including ironing out disagreements over their Build Back Better bill, keeping the government funded and boosting the debt limit before the U.S. runs out of money to pay its obligations. The party’s $2 trillion education, healthcare and climate package, which passed the House before the Thanksgiving recess, now heads to the 50-50 Senate, where Senate Majority Leader Chuck Schumer (D., N.Y.) is hoping to approve the legislation before Christmas. The party’s $2 trillion education, healthcare and climate package, which passed the House before the Thanksgiving recess, now heads to the 50-50 Senate, where Senate Majority Leader Chuck Schumer (D., N.Y.) is hoping to approve the legislation before Christmas. Senate Democrats need to reach unanimous agreement on the policy proposals and work through expected procedural challenges, both of which could mean changes to the package. Democratic Senate Majority Leader Chuck Schumer hopes to pass President Biden’s Build Back Better plan before Christmas. Photo: J. Scott Applewhite/Associated Press Senate Democrats need to reach unanimous agreement on the policy proposals and work through expected procedural challenges, both of which could mean changes to the package. Democratic Senate Majority Leader Chuck Schumer hopes to pass President Biden’s Build Back Better plan before Christmas. Photo: J. Scott Applewhite/Associated Press Many senators want to amend the House bill’s increase on the deduction for state and local taxes to include an income cutoff. Also, Sen. Joe Manchin (D., W.Va.), who has for months expressed skepticism about the size of the bill, wants to remove the four weeks of paid family leave provided by the House-approved version. Neither he nor Sen. Kyrsten Sinema, the Arizona Democrat who forced the party to alter the plan’s core tax provisions, have committed to supporting the final proposal. Many senators want to amend the House bill’s increase on the deduction for state and local taxes to include an income cutoff. Also, Sen. Joe Manchin (D., W.Va.), who has for months expressed skepticism about the size of the bill, wants to remove the four weeks of paid family leave provided by the House-approved version. Neither he nor Sen. Kyrsten Sinema, the Arizona Democrat who forced the party to alter the plan’s core tax provisions, have committed to supporting the final proposal. A White House official said the administration has been in close touch with lawmakers and committee staff on the spending plan. Key issues will be how to schedule the process and what adjustments will need to be made on areas including paid leave or taxes. A White House official said the administration has been in close touch with lawmakers and committee staff on the spending plan. Key issues will be how to schedule the process and what adjustments will need to be made on areas including paid leave or taxes. Any changes the Senate makes would then need to be approved by the House before going to President Biden’s desk. The White House is pushing for final passage by the end of the year, the official said. Any changes the Senate makes would then need to be approved by the House before going to President Biden’s desk. The White House is pushing for final passage by the end of the year, the official said. Democrats are also seeking to counter charges from Republicans that the package will further fuel inflation, which has surged in recent months, by pumping more money into the economy. Democrats cite Covid-19-related supply disruptions and the economic recovery as the main culprits for the sharp rise in price levels, and say that some provisions of their plan will serve to lower families’ costs. Democrats are also seeking to counter charges from Republicans that the package will further fuel inflation, which has surged in recent months, by pumping more money into the economy. Democrats cite Covid-19-related supply disruptions and the economic recovery as the main culprits for the sharp rise in price levels, and say that some provisions of their plan will serve to lower families’ costs. Newsletter Sign-up Capital Journal Newsletter Sign-up Capital Journal Scoops, analysis and insights driving Washington from the WSJ’s D.C. bureau. Scoops, analysis and insights driving Washington from the WSJ’s D.C. bureau.

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