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Senate Republicans take step to revive debt ceiling brawls with White House

Senate Republicans take step to revive debt ceiling brawls with White House

Senate Republicans on Wednesday signaled they might oppose any future increase to the debt ceiling unless Congress also couples it with comparable federal spending cuts, raising the specter of a political showdown between GOP leaders and the White House this summer.Republican lawmakers staked their position after a private gathering to consider the conference’s operating rules this session, issuing what GOP leaders described later as an important yet symbolic statement in response to the large-scale spending increases proposed by President Biden in recent months.“I think that is a step in...

Apr 21
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White House signals cool reception to Senate Republicans’ calls to trade spending cuts for debt ceiling increase

White House signals cool reception to Senate Republicans’ calls to trade spending cuts for debt ceiling increase

The White House on Thursday signaled little appetite for Senate Republicans’ early insistence that Congress should couple an increase in the country’s debt ceiling with corresponding spending cuts, hoping to ward off a major political showdown entering the summer.A White House official, speaking on the condition of anonymity, said President Biden “fully expects that Congress will meet its obligations as it did on a bipartisan basis three times during the Trump Administration and amend the debt limit law as needed.”The early warning comes a day after Senate Republicans gathered to adopt...

Apr 22
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On infrastructure, lofty ideas are colliding with congressional reality

On infrastructure, lofty ideas are colliding with congressional reality

Rep. Thomas Suozzi (D-N.Y.) says he will oppose President Biden’s infrastructure package if a cap on state and local tax deductions is not erased. “No SALT, no deal,” he said in an interview.Rep. Cindy Axne (D-Iowa) said she has pressed and other officials to add money for biofuel infrastructure, which would help her state. “I am hoping this was an oversight and that they will support it,” she said.Business lobbyists, meanwhile, are privately urging the White House to drop the $400 billion home- and elder-care provisions to cut the bill’s cost and the corporate tax hikes needed to fund it....

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Apr 18
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A bloc of Senate Republicans prepare their own infrastructure plan as Biden tries to ramp up outreach

A bloc of Senate Republicans prepare their own infrastructure plan as Biden tries to ramp up outreach

A group of moderate Senate Republicans on Wednesday signaled they are preparing to offer their own proposal to reform the nation’s infrastructure, as GOP lawmakers seek to significantly pare back the roughly $2 trillion in new spending endorsed by President Biden.The Republican alternative is expected to be less than half the size of the White House’s plan, according to party lawmakers, who in recent days have suggested its total price tag could ultimately cost between $600 billion and $800 billion.Moderate GOP members of Congress also have pledged to narrow their focus to include only the...

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Apr 14
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Biden seeks huge funding increases for education, health care and environmental protection in first budget request to Congress

Biden seeks huge funding increases for education, health care and environmental protection in first budget request to Congress

President Biden on Friday asked Congress to authorize a massive $1.5 trillion federal spending plan in 2022, seeking to invest heavily in government agencies to boost education, expand public housing, combat the coronavirus and confront climate change.The request marks Biden’s first-ever proposal for discretionary spending, a precursor to a fuller, annual budget slated later in the spring that will also address programs like Social Security, Medicare, and Medicaid. The president’s early blueprint calls for a nearly 16 percent increase in funding across non-defense domestic programs,...

Apr 9
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Biden says he’s open to compromise with Republicans on $2 trillion infrastructure plan

Biden says he’s open to compromise with Republicans on $2 trillion infrastructure plan

President Biden on Wednesday said he was open to compromise with Republicans on how to pay for his approximately $2 trillion jobs and infrastructure package, but insisted that inaction was unacceptable.His comments, delivered at the White House, reflect how he is quickly recalibrating his political strategy after passing a $1.9 trillion stimulus bill into law without any GOP support. The infrastructure package marks another of his top campaign promises, but it has been met with a torrent of criticism from Republicans, and even some Democrats have appeared squeamish.“Debate is welcome....

Apr 7
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Citing his ‘leverage,’ Manchin says White House tax plan must change

Citing his ‘leverage,’ Manchin says White House tax plan must change

ADSen. Joe Manchin III (D-W.Va.) said on Monday he opposes a key part of the White House infrastructure plan, as early objections across the political aisle threatened to cloud the fate of the $2 trillion proposal.Speaking on a West Virginia radio station, Manchin vote against President Biden’s proposal to raise the corporate tax rate from 21 percent to 28 percent, instead saying the rate should be set at 25 percent. Even if all other Democrats support the plan, Manchin’s opposition would likely be enough to kill it because the Senate is split 50-50 between Democrats and...

Apr 5
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Biden to unveil major new spending plans as Democrats eye bigger role for government

Biden to unveil major new spending plans as Democrats eye bigger role for government

ADPresident Biden this week is set to begin sketching out his plan to commit trillions of dollars toward upgrading the country’s ailing infrastructure, fighting climate change and bolstering federal safety net programs, as Democrats try to usher in a new era of bigger government — and spending — in the aftermath of the .The forthcoming proposals reflect a broader political shift underway in Washington, where Democratic leaders have sought to capitalize on their 2020 election victories to advance once-dormant policy priorities and unwind years of budget cuts under administrations past.But...

Mar 28
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Facebook is quietly helping to set up a new pro-tech advocacy group to battle Washington

Facebook is quietly helping to set up a new pro-tech advocacy group to battle Washington

ADFacebook is working behind the scenes to help launch a new political advocacy group that would combat U.S. lawmakers and regulators trying to rein in the tech industry, escalating Silicon Valley’s war with Washington at a moment when government officials are threatening to break up large companies.The organization is called American Edge, and it aims through a barrage of advertising and other political spending to convince policymakers that Silicon Valley is essential to the U.S. economy and the future of free speech, according to three people familiar with the matter as well as documents...

May 12, 2020
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Democrats’ billionaire tax would heavily target 10 wealthiest Americans, but alternative plan is emerging

Democrats’ billionaire tax would heavily target 10 wealthiest Americans, but alternative plan is emerging

Today at Today at Senate Democrats this week are preparing to propose a new tax increase that would raise billions of dollars from a handful of of the richest Americans, a policy so narrow in scope that the number of people it would affect is likely unprecedented in American history.But criticisms of the proposal have emerged — including from at least one leading Democrat — and party leadership is still considering more traditional approaches to taxing the rich.Senate Finance Chair Ron Wyden (D-Ore.) said Monday he will “in a matter of days” release a tax on billionaires that economists and...

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Oct 26
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