House Democrats have advanced key economic-policy priorities as the party continues to craft a massive spending bill reflecting President Joe Biden’s agenda.
Work is continuing at the committee level on Friday, with more votes planned. Democrats are hoping to include such measures in a bill the full House is aiming to pass later this month that could contain as much as $3.5 trillion in spending. The bill would overhaul areas including education, health care and climate policy, as well as taxes.
Biden has proposed raising the top tax rate for individuals, as well as boosting the corporate rate to 28% from 21%. Senate Democrats are also offering proposals including an excise tax on stock buybacks, as lawmakers look for ways to fund the $3.5 trillion package. Read: As Democrats push $3.5 trillion package, Republican lawmaker blasts ‘spending that drives up prices, kills jobs’With Republicans united against Democrats’ measure, Speaker Nancy Pelosi can afford only three “no” votes when it comes to the House floor.
Novavax expects to make available at least 2 bln COVID-19 vaccine doses in 2022
Just wish Congress would pay as much attention to mandating the quality of retirement plans as they do mandating them. Plans loaded with consistently underperforming, overpriced, cost-inefficient investment options do not benefit plan participants. ActiveManagementValueRatio
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