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Democrats Release Budget Enabling Biden’s $3.5 Trillion Plan

The plan expands the social safety net and addresses climate change, paid for by raising taxes on the wealthy and corporations.

By Steven T. Dennis & Laura Davison | August 09, 2021 at 02:19 PM

Senate Democrats released the text of their budget resolution, which sets up President Joe Biden’s $3.5 trillion economic agenda as well as a showdown with Republicans over the debt limit in September.

The budget blueprint is expected to be voted on this week in the Senate, soon after final passage of Biden’s bi-partisan $550 billion infrastructure package. It allows Democrats to bypass Republicans to expand the social safety net and address climate change, paid for by raising taxes on the wealthy and corporations.

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