Skip to Content
AP National Business

Democrats see tax ‘framework’ to pay for huge $3.5T package

yonkershonda.com / CC BY-SA 2.0
By
Published 10:34 PM

By LISA MASCARO and ALAN FRAM
Associated Press

WASHINGTON (AP) — Top congressional Democrats say they and the White House have agreed to a framework of tax options to pay for their emerging $3.5 trillion social and environment bill. Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi revealed the development to reporters on Thursday. But they offered no details. Biden administration officials and Democratic congressional leaders have been negotiating behind the scenes on the huge package of spending and tax initiatives. The party has been divided over its final size and its details. Biden wants tax increases for corporations and for wealthy Americans making more than $400,000 a year.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KRDO NewsChannel 13 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content