Original title: Biden postponed his trip to Europe to promote the 1.75 trillion spending bill passed by the House of Representatives
According to CNN, US President Biden held a meeting of the House Democratic Caucus on October 28, local time, trying to persuade all parties in the party to support him before he travels to Europe to participate in the G20 summit. His latest $1.75 trillion infrastructure spending bill.
Biden was originally scheduled to leave for Europe in the early morning of the 28th, but the White House hoped to at least reach an agreement on the framework of the spending bill before he left, so Biden postponed his trip to Europe for several hours.
It is reported that the Speaker of the House of Representatives Nancy Pelosi said that she will submit the latest spending bill to the House of Representatives on the 28th and conduct a public vote in anticipation of the bill’s passage. However, it is still unknown whether progressive Democrats can agree to this streamlined spending bill that has been reduced from $3.5 trillion to $1.75 trillion.
According to reports, the framework of the latest spending bill issued by the White House on the 28th is to increase taxes on high-income earners, levy corporate stock repurchase taxes and minimum taxes, provide free preschool education, invest in clean energy, enhance health care benefits, invest in middle-class families, and improve Community and racial inequality, as well as investment immigration issues, etc. have all listed budget plans. (CCTV reporter Yin Yue)
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