Senate Majority Leader Chuck Schumer D-NY and Senator Bernie Sanders I-VT– Chairman of the Budget Committee and Democrats made an agreement on a $3.5 trillion infrastructure spending package.
In a statement on Tuesday evening, Schumer spoke to reporters with Bernie Sanders and other member, saying “The Budget Committee has come to an agreement that include the budget resolution with instructions which will be $3.5 trillion “Every program that President Biden has asked us is fund in a robust way.”
Schumer also said the plan includes a robust expansion of medicare, dental, vision, and hearing coverage and addressing clean energy-climate change–key components requested from progressive Democrats.
A Democratic aid familiar with the deal said that the budget resolution will also include language prohibiting taxes to be raised on individuals making $400,000 or less and on small businesses.
Bernie Sanders pointed out the inequity between wealthy, large corporation and the working Americans, saying ” What this legislation says among many, many other things is that the wealthy and large corporation are going to start paying their fair share of taxes so that we can protect the working families in this country.”
Schumer has vowed to hold vote before the Senate break for the August recess: a smaller bipartisan deal of $1.2 trillion over eight years and the budget resolution that includes instructions for, and set up Democratic-only bill.
Though, bringing the legislation to the floor before the Senate break could prove to be challenging as negotiators have warned that is an ambitious pace. On Tuesday night, Democrats didn’t say when they will be ready to take the budget solution to the floor. To pass the Budget resolution bill and the subsequent $3.5 trillion infrastructure bill, the senate Democrats will need to unify. That means all 50 members will need to get on board to push the two pieces through. Though Democrats want the bipartisan bill and the budget resolution to pass before the August break, Schumer hasn’t said when the Senate will take up the infrastructure bill, and it is expected to wait until the fall.