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Prior to Biden's trip to Rome this weekend to attend the G20 leaders' meeting and the climate summit in Glasgow, Scotland next week, Democratic Party leaders hope to reach an agreement on social spending and climate legislation this week to achieve victory in climate legislation.
Biden told reporters before leaving Delaware for an event in New Jersey that he hopes to reach an agreement before heading to Europe on Thursday. He said, "It would be very positive to complete it before traveling
Pelosi said in an interview with CNN on Sunday, "90% of the bill has been passed and written, and we only need to make some final decisions
The initial planned spending scale of the bill was $3.5 trillion, but due to moderate demands from the Democratic Party to reduce the spending scale, the current scale may be halved to $1.5 trillion.
According to Senate Democratic leader Chuck Schumer on Monday, the bill still has 3 to 4 unresolved issues. Democratic aides added that this includes increased taxes, medical insurance and Medicaid provisions to pay for the package, as well as paid vacation plans.
Key moderate Senator Joe Manchin stated on Monday that he remains concerned about the two largest healthcare provisions in the legislation: expanding medical insurance to cover dental, hearing, and vision care; And fill in the healthcare coverage of states that have not yet expanded Medicaid programs.
Manchin expressed concern that expanding the coverage of medical insurance would bring significant financial pressure to the bill.
In addition, Democrats have been searching for new ways to pay for the package's expenses after moderate Democratic Senator Sinama expressed opposition to raising marginal tax rates for companies, capital gains, or individuals.
Due to the unanimous opposition of Republicans to their spending and tax plans, Democrats cannot lose one vote in the Senate and can only lose three votes in the House of Representatives.
A major alternative currently is to tax the unrealized capital gains of billionaires annually, but this tax program still faces obstacles, and some Democrats are skeptical of this provision.
Nevertheless, Pelosi stated last Sunday that she expects a tax on the assets of billionaires to be included in the final agreement. She expects to reach an agreement earlier this week that reflects the consensus reached by all 50 senators in the Democratic caucus on the tax and revenue aspects of the bill.