Biden praises House approval of a key piece of his domestic agenda

President BidenJoe BidenHouse Democrats push vote on social spending plan through Friday Fauci says all adults should ‘go get a boost’ Senate confirms Park Service director after years of sitting bosses MORE Friday morning hailed the House’s approval of his comprehensive social and climate spending package as a major step forward in boosting America’s competitiveness and giving America’s middle class a “fighting chance.”

Biden, who called Speaker Nancy pelosiNancy PelosiHouse Democrats Push For Vote On Social Spending Plan Until Friday McCarthy Delays Swift Spending Plan Approval With Extensive Speech On Floor Overnight Healthcare – Presented By Emergent Biosolutions – Pfizer, COVID Pill Deal- 19 US strike PLUS (D-Calif.) On Friday morning to congratulate her on successfully bringing the bill to the lower house, she said she hoped the Senate would pass the bill “as soon as possible” so she could sign it and make it a law.

“Above all, it puts us on a path to rebuilding our economy better than ever before by rebuilding America’s backbone – workers and the middle class,” Biden said of the bill in a statement. “I thank Speaker Pelosi and the leadership of the House and all the members of the House who worked so hard and voted to pass this bill.”

“For the second time in just two weeks, the House of Representatives has made progress on critical and far-reaching parts of my legislative agenda,” continued Biden. “Now, the Build Back Better Act goes to the United States Senate, where I hope it will be passed as soon as possible so that it can be signed into law.”

The vote represented a major victory for Biden, although the legislation still faces a battle in the Senate, where key moderates Sens. Joe manchinJoe Manchin On the money: House Democrats are ready to better rebuild Manchin: ‘Looking very favorably’ on Powell as Fed chairman after meeting with Manchin undecided about helping start debate on the US bill Biden expenses PLUS (DW.Va.) and Kyrsten CinemaKyrsten SinemaOvernight Health Care – Presented by Emergent Biosolutions – Pfizer, US COVID-19 pill deal. (D-Ariz.) He will have to go along with the rest of the Democratic caucus to pass the bill without Republican support.

The bill, which costs nearly $ 2 trillion, contains provisions to address climate change, extend the expanded Child Tax Credit, provide universal pre-kindergarten, lower child care costs, and lower prescription drug costs. It includes tax increases for the wealthy and corporations, as well as a provision to strengthen enforcement of the International Revenue Service to offset costs.

The House passed in a vote close to the party line, with a Democratic and centrist representative. Golden jaredJared GoldenHouse Democrats push vote on social spending plan through Friday Conservative group targeting House Democrats for SALT positions Abortion rights group backing 12 House Democrats PLUS (Me), walking across the aisle to vote against the measure with all the other Republicans.

The bill was delayed due to concerns from House moderates about the bill’s impact on the national debt. The Congressional Budget Office released an assessment Thursday indicating that the package would add about $ 160 billion to the deficit over the next decade.

But the White House has questioned the assessment, saying that CBO is underestimating the money generated by the improved IRS enforcement and that it would reduce the deficit over the next 10 years.

Biden in his statement described the bill as “fiscally responsible” and insisted that it would reduce the deficit “in the long run.”

“It is paid in full by making sure the wealthiest Americans and the largest corporations start paying their fair share in federal taxes. It stands by my commitment that no one making less than $ 400,000 a year will pay an extra penny in federal taxes, ”Biden said.

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