Democrats Turn to Tax on Billionaires to Fund Spending Plan – By Michael Rainey and Yuval Rosenberg (The Fiscal Times) / Oct 22 2021
Democratic leaders are projecting optimism that they be able to reach a deal on President Joe Biden’s economic agenda soon, though they aren’t there yet — and they’re still scrambling to work out how to pay for it.
“I do think I’ll get a deal,” Biden said at a CNN town hall event Thursday night, adding that negotiations were down to four or five outstanding issues. “I think we can get there,” he said.
House Speaker Nancy Pelosi (D-CA) echoed that Friday after a morning meeting with the president and Senate Majority Leader Chuck Schumer (D-NY). “There are many decisions that have to be made, but more than 90 percent of everything is agreed to and written,” Pelosi told reporters.
Talks will continue over the weekend, and Punchbowl News reported Friday morning that the White House is pushing for a House vote next week on both the economic package that Democrats want to pass via the budget reconciliation process and a $1 trillion bipartisan infrastructure bill.
CONTINUE > https://www.thefiscaltimes.com/2021/10/22/Democrats-Turn-Tax-Billionaires-Fund-Spending-Plan
