Senate Democrats have released their budget resolution, which doesn't include an increase to the debt limit, kicking off a massive showdown at the Capitol and previewing the party's next steps after the expected passage of a bipartisan infrastructure bill.
The budget resolution has a price tag of $3.5 trillion, an includes a series of tax increases and other offsets to help finance the sweeping plan, though the majority of the legislation implementing the plan needs to be written as a dozen committees have instructions to start drafting legislation. Passing the budget resolution is just the first step, then it becomes the job of the committees to write the reconciliation bill.
Schumer added,"This legislation will provide the largest tax cut for American families in a generation, while making the wealthy pay their fair share. In all phases, we will concentrate on communities that have too often been neglected, including communities of color and Native Americans.
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