House Closes In on Vote on $2 Trillion Social Spending and Climate Bill
Congress’s nonpartisan scorekeeper said it would complete its analysis of Democrats’ roughly $2 trillion education, healthcare and climate package on Thursday, opening the door to the House approving the bill as soon as this evening.
The expected estimates from the Congressional Budget Office have been central to Democrats’ efforts to pass the legislation in the House. A group of five moderate Democrats blocked a previous effort to vote on the bill, demanding that they receive more information from CBO ahead of the vote.
The five Democrats have wanted to verify that the independent CBO analysis largely conforms with White House estimates of the bill’s revenue and spending measures. Biden administration officials have said that their estimate for revenue generated by enhanced tax enforcement at the Internal Revenue Service will likely be above CBO’s analysis.