Democrats Drop Paid Leave From $1.75 Trillion Proposal

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Democrats dropped paid leave from their social spending and climate bill, people familiar with the matter said, as talks continue on funding the measure

WASHINGTON—Democrats have abandoned plans to include a paid-leave program in their healthcare, education and climate-change bill, according to people familiar with the talks, as the White House attempted to quickly smooth over differences on policy and tax measures.

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

, and the Virginia and New Jersey gubernatorial elections end Tuesday, making the White House eager to show progress on the president’s agenda.

 

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Say FU to the billionaires and allow this precedent...then we all pay in the end. Inflation is the problem. Investing is a hedge. We all need or unrealized gains protected until we choose to sell.

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