June 29, 2022
US House approves Trillion Infrastructure package

US House approves Trillion Infrastructure package

Last Friday night, the US House of Representatives approved a two-party $ 1.2 trillion infrastructure plan that is at the center of President Joe Biden’s legislative agenda. However, the US $ 1.7 trillion package targeting social security and environmental measures has not yet been voted on.

House Democrat leaders hoped to hold a vote on the economic package on Thursday night, but House Speaker Nancy Pelosi announced that a rules committee would meet to discuss an amendment to the social spending bill.

However, it is not clear whether Democrats have the votes to move forward with that timetable. Majority Leader Steny Hoyer announced late Thursday that the House would reconvene on Friday morning.

Joe Biden increased pressure on his Capital allies on Friday, urging the House to pass both his infrastructure bill and his Social Security and Climate Bill “right now.”

“The passage of these bills will make it clear to the American people: ‘We listen to your voices.’ We will invest in your trust, help you and your family secure a brighter future, and ensure that America wins the future in this process.

“I urge every member of the House of Representatives and the House of Representatives to vote yes on both bills,” he said. Send the infrastructure bill to my desk and send the built – back bill to the Senate, ”he told a news conference at the White House after reviewing the October jobs report.

Projects

On Thursday night, Biden summoned several House members and urged them to pass the $ 1.75 trillion “Built Back Better” Bill, a White House official said. Democrats want to pass the bill and the $ 1 trillion infrastructure move, It has already been approved by the Senate, Until Thanksgiving at the end of the month.

If passed by the House, the Social Policy Act will go to the Senate and will be strictly controlled by Democrats, where majority leader Chuck Schumer wants to pass it before the November 25 holiday.

The Joint Taxation Board estimates that $ 640 billion will be raised from tax increases for high-income individuals between 2022 and 2031, and $ 814 billion through tax reforms that include corporate and global taxes.

* Reuters with information