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

elisfkc2 / Flickr / CC BY-SA 2.0

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.

Associated Press

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