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LIVE: Pelosi and House Democrats Hold News Conference Ahead of Covid Stimulus Vote
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February 26, 2021
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52:13Now Playing(Feb. 26) Watch live as House Speaker Nancy Pelosi and House Democrats hold a press conference ahead of House passage of President Joe Biden's $1.9 trillion Covid stimulus plan on Friday, February 26, 2021, in Washington, D.C.
Democrats are racing to salvage a key progressive agenda item -- higher wages for low-paid workers -- but they are running out of time to attach it to their $1.9 trillion stimulus bill and pass the legislation by a March 14 deadline.
Senate Majority Leader Chuck Schumer is considering whether to add a provision that would penalize large corporations that don’t pay workers at least a $15 hourly wage, said a senior Democratic aide. That’s the level President Joe Biden proposed to phase in as part of his Covid-19 relief program.
The prospect of adding a tax measure presents a major complication. Democrats would need to finish writing the new language, vet it, and unite all 50 senators in their caucus behind it.
While the House is expected to pass its version of Biden’s stimulus late Friday, the real action is in the Senate, after the parliamentarian ruled that raising the $7.25 minimum wage, as written in the existing legislation, did not qualify for budget rules bypassing a Republican filibuster.
Measures in the reconciliation bill must be primarily fiscal in nature, and Elizabeth MacDonough ruled that the Democrats’ measure only had an incidental fiscal effect.
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