House panel releases spending bill section on child tax credit, infrastructure financing
By Naomi Jagoda - 09/11/21 08:31 AM EDT
The House Ways and Means Committee late Friday released an additional tranche of its portion of Democrats’ $3.5 trillion social spending package, covering a wide range of issues such as the child tax credit, infrastructure financing, clean energy incentives and health care.
The release of the 645-page bill section comes after the committee approved several other portions of the bill, including those on paid family leave and expanding Medicare, earlier this week. The committee is scheduled to consider the new section on Tuesday.
House Democrats are seeking to move quickly on the $3.5 trillion package, aiming to have all committees approve their portions of the legislation by Sept. 15; however, key challenges remain.
The Ways and Means Committee has yet to release legislative text on any tax increases to offset the cost of new spending. And in order for a final bill to reach President Biden’s desk, it will have to be agreed to by both House and Senate Democrats, who have differences of opinion in some areas.
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https://thehill.com/homenews/house/571804-house-panel-releases-spending-bill-section-on-child-tax-credit-infrastructure
