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Reading: Democrats Drop Paid Leave From $1.75 Trillion Proposal
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The Wall Street Publication > Blog > Business > Democrats Drop Paid Leave From $1.75 Trillion Proposal
Business

Democrats Drop Paid Leave From $1.75 Trillion Proposal

Last updated: October 28, 2021 4:21 am
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Democrats Drop Paid Leave From .75 Trillion Proposal
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WASHINGTON—Democrats abandoned plans to include a paid-leave program in their social spending and climate bill, according to people familiar with the talks, while prospects for a billionaires’ levy to help fund the package faded and a potential surtax on wealthy Americans’ income gained traction.

The White House is pushing for Democrats to come together around the bill, expected to cost around $1.75 trillion, by the end of the week, which could also unlock possible passage of a parallel bipartisan infrastructure package that has been held up by progressives in the House. President Biden is set to attend the Glasgow climate conference next week, and the Virginia and New Jersey gubernatorial elections end Tuesday, making the White House eager to show progress on his agenda.

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