Following months of negotiations, House Democrats advanced critical legislation late Wednesday that will help President Joe Biden deliver on a massive $3.5 trillion human infrastructure package filled with social and progressive priorities.
Thirteen House committees spent countless hours over the week marking up legislation to meet a self-imposed Sep. 15 deadline. The bill language passed by the committees will now be drafted into a final bill that is expected to be married with the Senate’s version of the bill in the coming weeks.
"The president certainly believes there’ll be ongoing discussions," White House press secretary Jen Psaki said Wednesday."Not that there’s necessarily going to be a conclusion out of those today, but that was the primary focus and purpose of these meetings." Democrats intend to off-set the costs of the package by raising taxes on wealthy Americans, profitable corporations and investors.
It's not clear how much revenue the tax increases could generate and whether they would fully offset the $3.5 trillion spending bill. Reps. Kathleen Rice, Scott Peters, and Kurt Schrader on Wednesday opposed language in the House Energy and Commerce Committee that would give the federal government a greater role in negotiating drug prices. Another key House panel endorsed the drug pricing plan later Wednesday evening, but leadership may not yet have the votes to pass it as part of a larger bill.
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