Democrats Reach Deal On $3.5 Trillion Price Tag For Infrastructure Bill

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Senate Majority Leader Charles Schumer (D-N.Y.) and Budget Committee Democrats, led by Sen. Bernie Sanders (I-Vt.), have reached a deal on a $3.5 trillion price tag for a Democratic-only infrastructure package.

Schumer, emerging from an hours-long meeting with Budget Committee Democrats, said they had reached a deal on the budget resolution — which greenlights reconciliation, the process Democrats will use to bypass a GOP filibuster on the infrastructure bill — including a $3.5 trillion top-line figure. President Biden is going to meet with Senate Democrats on Wednesday as Democrats work to lock down support for the deal.

“The budget committee has come to an agreement. The budget resolution with instructions will be $3.5 trillion,” Schumer said, speaking to reporters with Sanders and other members of the panel. “Every major program that President Biden has asked us for is funded in a robust way.”
The deal will also include funding for expanding Medicare to cover dental, vision and hearing and addressing climate change — key asks from progressives, including Sanders. A Democratic aide familiar with the deal said that the budget resolution will also include language prohibiting taxes from being raised on individuals who make less than $400,000 or small businesses.
Read more at The Hill.
{Matzav.com}

2 COMMENTS

  1. The Democrats reached a deal among themselves in how to spend others’ money.
    Now, they need the acquiescence of the Senate Republicans to apply these Robin Hood principles to the American citizens.

    My only question is – why only 3.5 trillion? Since someone else will end up paying for it, and in the future, anyway, why didn’t they make it a round figure of 10 trillion?

  2. Bernie Sanders, Chuck Schumer, huh? Will the Hill fabricate bogus reports tomorrow about the Clintons, Obamas, Trudeaus and the Queen?

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