Schumer announces Senate-House deal on tax 'framework' for $3.5T package
By Alexander Bolton - 09/23/21 11:20 AM EDT
Senate Majority Leader Charles Schumer (D-N.Y.) on Thursday morning announced that the Senate, House and White House have reached a deal on a “framework” to pay for the massive human infrastructure spending package they hope to pass this fall under budget reconciliation.
“The White House, the House and the Senate have reached an agreement on a framework that will pay for any final negotiated agreement. So the revenue side of this, we have an agreement on,” Schumer announced at a joint press conference with Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Janet Yellen.
Schumer briefed reporters on the details of the agreement after the press conference.
"We had a meeting with Secretary Yellen and White House people. Myself, Speaker Pelosi, Chairman Neal and Chairman Wyden. And we reached an agreement on a framework, menu of options that will pay for any final negotiated agreement," he said.
A senior Democratic aide familiar with the agreement said it's an understanding between Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Richard Neal (D-Mass.).
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https://thehill.com/homenews/senate/573605-schumer-announces-senate-house-deal-on-tax-framework-for-35t-package
