House Set To Vote On Virus Relief, Biden On Cusp Of Triumph - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Top Stories
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Top Stories RSS Get our newsletter
Order Prints
March 10, 2021 Top Stories
Share
Share
Post
Email

House Set To Vote On Virus Relief, Biden On Cusp Of Triumph

Associated Press
President Joe Biden

WASHINGTON (AP) — Congress is poised to approve a landmark $1.9 trillion COVID-19 relief bill, placing President Joe Biden on the cusp of an early triumph that advances Democratic priorities and showcases the unity his party will need to forge future victories.

The House was expected to give final congressional approval Wednesday to the package, which aims to fulfill Democrats' campaign promises to beat the coronavirus pandemic and revive the enfeebled economy. House and Senate Republicans have unanimously opposed the package as bloated, crammed with liberal policies and heedless of signs the dual crises are easing.

“It's a remarkable, historic, transformative piece of legislation which goes a very long way to crushing the virus and solving our economic crisis," House Speaker Nancy Pelosi, D-Calif., said Tuesday.

For Biden and Democrats, the bill is essentially a canvas on which they've painted their core beliefs — that government programs can be a benefit, not a bane, to millions of people and that spending huge sums on such efforts can be a cure, not a curse. The measure so closely tracks Democrats' priorities that several rank it with the top achievements of their careers, and despite their slender congressional majorities there was never real suspense over its fate.

They were also empowered by three dynamics: their unfettered control of the White House and Congress, polls showing robust support for Biden's approach and a moment when most voters care little that the national debt is soaring toward a stratospheric $22 trillion. Neither party seems much troubled by surging red ink, either, except when the other is using it to finance its priorities, be they Democratic spending or GOP tax cuts.

A dominant feature of the bill is initiatives making it one of the biggest federal thrusts in years to assist lower- and middle-income families. Included are expanded tax credits over the next year for children, child care and family leave plus spending for renters, feeding programs and people's utility bills.

The measure provides up to $1,400 direct payments to most Americans, extended emergency unemployment benefits and hundreds of billions for COVID-19 vaccines and treatments, schools, state and local governments and ailing industries from airlines to concert halls. There is aid for farmers of color and pension systems, and subsidies for consumers buying health insurance and states expanding Medicaid coverage for lower earners.

Its very expansiveness is a chief GOP talking point.

“It's not focused on COVID relief. It's focused on pushing more of the far-left agenda," said No. 2 House GOP leader Steve Scalise of Louisiana.

The Associated Press-NORC Center for Public Affairs Research poll found last week that 70% of Americans back Biden’s response to the virus, including a hefty 44% of Republicans.

Yet the bill's pathway has underscored Democrats' challenges as they seek to build a legislative record to persuade voters to keep them running Congress in next year's elections.

Democrats control the Senate, split 50-50, only because Vice President Kamala Harris gives them the winning vote in tied roll calls. They have just a 10-vote advantage in the House.

That's almost no wiggle room for a party that ranges from West Virginia Sen. Joe Manchin on the conservative side to progressives like Vermont independent Sen. Bernie Sanders, Massachusetts Sen. Elizabeth Warren and New York Rep. Alexandria Ocasio-Cortez.

Progressives had to swallow big concessions in the bill to solidify moderate support. The most painful was dropping the House-approved federal minimum-wage increase to $15 hourly by 2025.

Moderates forced tightened eligibility for the $1,400 stimulus checks, now phased out completely for individuals earning $80,000 and couples making $160,000. The House's initial extension of the soon-to-end $400 weekly emergency jobless payments, paid on top of state benefits, was trimmed by the Senate to $300 and will now halt in early September.

Manchin was a leading holdout and in the middle of talks that resulted in curbing all of those initiatives. The Senate approved the bill on a party-line 50-49 vote on Saturday.

Dropping the minimum-wage boost was “infuriating,” said Rep. Pramila Jayapal, D-Wash., chair of the roughly 100-member Congressional Progressive Caucus. But she called the overall bill “incredibly bold,” adding, "It hits all of our progressive priorities — putting money in people’s pockets, shots in arms, unemployment insurance, child care, schools.”

The independent Tax Policy Center said that the Senate-passed bill would give almost 70% of this year's tax breaks to households earning $91,000 or less. In contrast, the Trump-era GOP tax bill gave nearly half its 2018 reductions to the top 5% of households earning around $308,000, said the research center, which is run by the liberal-leaning Urban Institute and Brookings Institution.

Yet keeping Democrats united won't get easier as the party tries advancing the rest of its agenda. There are fault lines within the party over priorities like immigration, health care and taxes.

At some point it seems likely that progressives will draw their own lines in the sand. They are already demanding that the party revisit the minimum-wage boost, and amid all this Republicans are already demonstrating they are ready to pounce.

The American Action Network, tied to House GOP leaders, said it's launched digital ads in mostly moderate districts calling the relief bill “a freight train of frivolous spending to bankroll their liberal cronies.”

The bill passed the Senate under budget rules that prevented Republicans from launching filibusters, which require 60 votes for most measures. That process won't be available for much legislation moving forward, but either way any Democratic Senate defections will make most bills there non-starters.

Even with their procedural advantage, Democrats' avenue to victory in the Senate was pockmarked with delays. Sen. Ron Johnson, R-Wis., forced clerks to spend nearly 11 hours reading the entire 628-page bill; negotiations with Manchin over jobless benefits lasted around nine hours; and votes on three dozen amendments, virtually all fated in advance to lose, took about 12 hours more.

Older

New Report Finds Gaps in States’ Preparedness for Public Health Emergencies

Newer

Bank Regulator Could Block Disgraced Ex–Wells Fargo CEO From $20 Million Payout

Advisor News

  • Family communication: Financial planning’s growing blind spot
  • Americans aren’t turning retirement plans into action, LIMRA finds
  • Ashley Hinson ‘death tax’ story collides with truth
  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
More Advisor News

Annuity News

  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
  • California teachers settle class-action lawsuit over in-plan annuity fees
  • Jackson Financial CEO caps 40-year career with blockbuster Q2
  • Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
More Annuity News

Health/Employee Benefits News

  • 4 common LTC missteps older Americans must avoid
  • Missouri and Kansas can expect double-digit Obamacare premium hikes again
  • Teachers and other state employees brace for possible health insurance increase
  • Ashley Hinson unveils insurance transparency bill amid scrutiny of her health care record
  • Commissioner rejects proposed rate increase from Fallon Community Health Plan, re-negotiated seven proposals to save $72 million for 670,000 residents
More Health/Employee Benefits News

Life Insurance News

  • Family communication: Financial planning’s growing blind spot
  • Indiana eyes more oversight of insurance companies' exposure to private credit
  • HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
  • ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
  • Don't keep checks with clerical errors
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet