Senate Democrats strike $3.5 trillion budget agreement

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A deal on a $3.5 trillion budget resolution was reached by the Senate Democrats on the Budget Committee.

The progress on the resolution, which will include President Joe Biden’s social push spending, was announced by the Democrats themselves on late Tuesday.

The agreement can become the initial measure to allow the passage of the infrastructure bill before this year ends.

The move is apart from bipartisan legislation that deals with traditional roads and bridges. It is anticipated to prepare the space for the Democrats to approve child tax credit reforms, paid medical and family leave offers, and the possible changes in the immigration system in the country, among others.

Moreover, the legislation can also possibly bring about changes to the country’s tax code.

The agreement was announced by Senate Majority Leader Chuck Schumer who attended the meeting at the US Capitol on late Tuesday. The Democratic caucus has showcased its unity with the announcement as Schumer appeared alongside Budget Chairman Bernie Sanders of Vermont as well as other committee members.

After the agreement, the bill will still have to undergo a long process. The support of moderates is not yet assured for the $3.5 trillion proposal as they clarified they are held back in spending massive amounts following the pandemic year.

On Tuesday, Schumer said that the bill will then have 50 votes required to pass the Senate.

“The budget resolution with instructions will be $3.5 trillion. You add that to the $600 billion bipartisan plan, you get to $4.1 (trillion), which is very, very close to what President (Joe) Biden asked us for,” he said. “Every major program that President Biden has asked us for is funded in a robust way.”

Party leaders were urged by progressives Democrats to put in a huge bill package through the Senate for them to back the other bipartisan infrastructure deal worth around $600 billion, CNN reported.

House Speaker Nancy Pelosi made it last month that the House would not tackle the bipartisan deal unless a more sweeping package can pass through the Senate.