Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President
Democrats on the committee had been divided about the size and scope of the package, with Chairman
The Budget Committee agreement includes Medicare expansion, marking a significant win for Sanders. Senator
“We are very proud of this plan,” Majority Leader
The draft budget proposal does not yet have the support of all 50 members of the Democratic caucus and could be changed further once moderates and progressives weigh in. House Democrats are coordinating with Sanders’s committee but have not yet announced whether they support the new agreement.
“There are no details for the proposal, so I will not venture an opinion until I see them,” House Budget Chairman
The $3.5 trillion top line is in addition to a bipartisan infrastructure plan that Biden has endorsed, which comes in at $579 billion. The total long-term economic agenda would top $4 trillion.
Biden plans to go to Capitol Hill on Wednesday to discuss the plan. The president did not immediately endorse it publicly, but White House economic adviser
White House Press Secretary
Though the Senate resolution falls $2.5 trillion short of Sanders’s original proposal, the Vermont independent called it “the most significant piece of legislation to be passed since the Great Depression and I’m delighted to be a part of it.”
Senate Finance Committee Chairman
“What I was excited about was the momentum in the room,” Wyden said.
The agreement will allow Democrats to send a budget resolution to the Senate floor containing instructions for a later tax and spending bill that would require all 50 Democratic caucus votes plus Vice President
In an early sign that the measure could face resistance from progressives, the Sunrise Movement, an influential environmental group, said it didn’t do enough to combat climate change.
“The House must go bigger than what the Senate has proposed to match the scale and urgency of the climate crisis,” Lauren Maunus, the group’s advocacy director, said in a statement Wednesday.
Democrats plan to pay for their proposals through tax increases on large business and wealthy individuals, the details of which the tax-writing committees will decide.
Negotiations on the $579 billion bipartisan bill that’s focused on physical infrastructure -- the other part of Biden’s two-track economic package -- made some headway after meetings Tuesday night.
Schumer wants to send both the bipartisan infrastructure bill and the budget resolution to the Senate floor this month, with votes on the follow-up partisan bill enabled by the budget resolution in the fall.
(Adds Yarmuth comment in sixth paragraph)
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