americanjobsplan
On Thursday, the Senate Budget Committee met at the directive of Senate Majority Leader Chuck Schumer (D-New York) to discuss beginning the process for a budget resolution for the 2022 fiscal year by the process of budget reconciliation, which would require no Republican support. Eleven Democratic members of the subcommittee will convene and begin drawing up plans that meet the party’s fiscal agenda – with the ultimate goal of Democrats pushing through an extensive infrastructure bill. Schumer intends to present another slightly downsized, bipartisan infrastructure package to the Senate. The s...
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President Joe Biden and Vice President Kamala Harris organized a bipartisan meeting with House and Senate party leadership Wednesday to talk through key points of the American Jobs Plan infrastructure bill. House Speaker Nancy Pelosi (D-California), Senate Majority Leader Chuck Schumer (D-New York), House Minority Leader Kevin McCarthy (R-California) and Senate Minority Leader Mitch McConnell (R-Kentucky) were all in attendance alongside Biden and Harris. While the group did not announce a compromise, Republican leadership called the meeting “productive.” “There is certainly a bipartisan desir...
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A group of Republican lawmakers have been circulating a new attempt to compromise with Democrats on the impending American Jobs Plan infrastructure bill. The new GOP measure, however, falls short of President Joe Biden‘s sweeping package. The new bill’s $800 billion asking price is a far cry from Democrats’ proposed $2.5 trillion bill. “The path forward that I’m seeing and that I’m working for is one where we take up and pass a bipartisan infrastructure bill, one that focuses on areas where the parties really agree,” he said in a CNN interview. “That could end up being an $800 billion to $1 tr...
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In her first speech as Treasury Secretary, Janet Yellen urged Congress to implement a global minimum corporate tax rate. Yellen says that President Joe Biden is eager to work with world leaders to crack down on tax havens and loopholes which has led several of America’s largest companies to pay no taxes in recent years. “Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth, and prosperity,” said in her virtual address to the Chicago Council on Global Affai...
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Senate Parliamentarian Elizabeth MacDonough approved Senate Democrats’ use of budget reconciliation to pass President Joe Biden‘s American Jobs Plan infrastructure bill – and then use of the procedure at least two more times in the next two years – with a simple majority, giving a green light to pass more of Biden’s agenda through Congress. A spokesperson for Senate Majority Leader Chuck Schumer (D-New York) confirmed on Tuesday morning that Democrats can reuse the budget reconciliation procedure that passed the American Rescue Plan COVID-19 stimulus bill, but specifying that “some parameters ...
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Senate Minority Leader Mitch McConnell (R-Kentucky) confirmed Thursday that no matter what President Joe Biden‘s American Jobs Plan infrastructure bill includes, no Republican will vote in favor of the bill. “That package that they’re putting together now, as much as we would like to address infrastructure, is not going to get support from our side. Because I think the last thing the economy needs right now is a big, whopping tax increase,” McConnell said at a Kentucky GOP event Thursday. McConnell’s claims confirmed what was widely assumed already. As a result, Democrats have already planned ...
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