What's the sticking point? The lingering issues in President Biden's $1.75T spending bill.
WASHINGTON — Prescription drug prices, state and local tax breaks and Medicare benefits are among the last sticking pointsBuild Back Better bill that President Joe Biden announced new framework for last week.
Also on Monday, centrist Sen. Joe Manchin, D-W.Va, told reporters he wouldn't support the bill unless it satisfies some of his concerns about not adding to the deficit or fueling inflation. While the tone of his statement alarmed Democrats, the White House responded that the bill satisfies all those demands.Democrats are"inching closer to an agreement" on adding Medicare drug negotiations into the bill but it isn't finalized because Sen. Kyrsten Sinema, D-Ariz.
Policies to lower drug costs have been a priority of Biden and Democratic leaders but were excluded from the White House framework released last week, amid resistance from a small group of Democrats and aggressive lobbying from big pharma. But it's still unclear what that would look like. Party leaders are discussing a two-year repeal of the cap, two aides familiar with the negotiations said, which would cost about $156 billion, according to a January estimate by the Joint Committee on Taxation. One source said that wasn't final.
"We're continuing those discussions," Wyden said, pointing out that the outcome would be"pegged" to making sure expenditures and revenues match up.House Democrats are at odds about how to handle the thorny issue of immigration, according to two sources.
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