House Democrats adopted rules for this Congress requiring all spending to be subject to a pay-as-you-go restriction, except for emergencies, including pandemic relief, or climate change legislation.
The climate exemption suggests that even among fiscal hawks on the Democratic side, there's some room for maneuvering, but it's unclear how much. Biden's infrastructure plan assumes nearly $800 billion in climate-related spending.
House Majority Leader Steny H. Hoyer, D-Md., told reporters Tuesday that additional deficit financing should be limited to guard against inflation.
"A legitimate concern is inflation, and we ought to make sure that we are active within the context of that,” Hoyer said. “The president has suggested paying for much of that additional spending, which we did not do in 2020 in dealing with COVID-19."
Coming together
Hoyer said he ultimately expects both wings of the party to come together on a compromise that allows for passage of Biden's "physical" infrastructure proposals — roads, transit, rail, water, broadband and the like — and "human" infrastructure that's left out of the Senate's bipartisan plan.
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June 30, 2021 at 01:17AM
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House Democrats might wait for Senate budget blueprint - Roll Call
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