Democrats have said they will pay for much of the overall bill by raising taxes on the rich and corporations. They’ve said no one earning under $400,000 annually would face higher levies.
By Thursday afternoon Neal had not released details of any revenue proposals, including the tax boosts or some tax cuts his party wants to use to help ease people’s costs for health care and other needs.
Also not provided were Neal’s plans to let Medicare save money by negotiating prices they pay for prescription drugs, another way they hope to raise money for the bill’s priorities.
Moderate Democrats — most prominently Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona — have said the bill’s proposed $3.5 trillion cost is too high. Congressional Democratic leaders have conceded that the price tag may have to fall to retain moderate votes, causing anger among progressives who want the package to spend as much as possible.
House and Senate Democrats also must still reach agreements on many issues, including key questions about overall spending and revenues. Democrats in the more moderate Senate have been concerned about the price tags of some House spending proposals.
The Ways and Means portion of the measure is to contain many of Biden’s top priorities. These include creation of up to 12 weeks per year of family and medical leave for all workers beginning in 2023. The benefit would pay the lowest-earning workers up to 85% of their wages, a percentage that would fall for higher earners.
Democrats on the committee batted down Republican amendments. One by Rep. Mike Kelly, R-Pa., would have delayed the paid leave program from taking effect until six months after the Treasury Department would certify that the government had enough expertise to start it.
The Energy and Commerce panel would limit price increases for medications. It would roughly halve Biden’s request for $400 billion to expand home and community-based long-term care services, an apparent bow to constraints Democrats face to live within their self-imposed $3.5 trillion price tag.
Funding for the Children’s Health Insurance Program, which covers nearly 10 million kids, would be made permanent. And money would be provided to cover 4 million low-income adults in states that have not expanded their Medicaid programs.
Energy and Commerce would also spend billions to upgrade the power grid, create an electric vehicle charging network, replace lead drinking water pipes and help minority communities most affected by pollution and climate change.
Separately, the House Education and Labor Committee worked on a proposed $761 billion to create free pre-school and community college and increase funds for job training, nutrition programs, and modernizing public school buildings.
The House Natural Resources Committee was working on $30 billion for addressing climate change and other environmental issues. This includes money to protect coastlines from rising seas and create Biden’s proposed Civilian Climate Corps, which would employ hundreds of thousands of people on environmental projects.
Other panels were working on provisions for small business and science programs.
Top Democrats want to quickly assemble the overall bill, which 13 House committees are crafting, by late September in hopes of moving it through the full House and Senate. That may well prove overly ambitious.