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House to Vote Friday on Biden's $1.9 Trillion Stimulus Plan, Hoyers Says
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The U.S. House will vote Friday on Biden’s American Rescue Plan, Majority Leader Steny Hoyer said Tuesday night
“The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer, a Maryland Democrat, wrote on Twitter.
Biden on Tuesday indicated the congressional vote on the legislation would be close, speaking after GOP Senator Susan Collins said she doesn’t expect a single Republican vote in favor of it.
Budget Committee Chair Bernie Sanders said the Senate’s parliamentarian could rule as soon as Wednesday on whether a proposed minimum-wage hike can be included in the fast-track bill. While the package that the House is expected to vote on in coming days includes the president’s plan to phase in a $15-per-hour minimum wage, two moderate Democratic senators currently say they oppose that component of the legislation.
Senate leaders meantime previewed what’s next. Majority Leader Chuck Schumer said he expects Biden’s second, longer-term economic package “very soon” after the pandemic-aid bill. Minority Leader Mitch McConnell warned that he believes Democrats will include tax hikes in that next bill, predicting the majority party would push for a corporate tax rate in excess of Biden’s 28% proposal.
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“The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer, a Maryland Democrat, wrote on Twitter.
Biden on Tuesday indicated the congressional vote on the legislation would be close, speaking after GOP Senator Susan Collins said she doesn’t expect a single Republican vote in favor of it.
Budget Committee Chair Bernie Sanders said the Senate’s parliamentarian could rule as soon as Wednesday on whether a proposed minimum-wage hike can be included in the fast-track bill. While the package that the House is expected to vote on in coming days includes the president’s plan to phase in a $15-per-hour minimum wage, two moderate Democratic senators currently say they oppose that component of the legislation.
Senate leaders meantime previewed what’s next. Majority Leader Chuck Schumer said he expects Biden’s second, longer-term economic package “very soon” after the pandemic-aid bill. Minority Leader Mitch McConnell warned that he believes Democrats will include tax hikes in that next bill, predicting the majority party would push for a corporate tax rate in excess of Biden’s 28% proposal.
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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