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Reconciliation Package Updates. House Budget Committee Chairman John Yarmuth (D-Kentucky) indicated on Thursday that House Democrats are preparing to mark-up their $3.5 trillion spending package this coming weekend, admitting it would be “more procedural than substantive” since the bill is not yet finished and the Congressional Budget Office has yet to score it. Democratic leaders also said on Thursday that they have an agreement on “a framework” of options to pay for their social spending ambitions. These announcements came after a half-day meeting with U.S. President Joe Biden at the White House on Wednesday, and a Thursday morning meeting with Treasury Secretary Janet Yellen, White House Adviser Brian Deese and Congress’ top tax writers.

Meanwhile, Senator Joe Manchin (D-West Virginia) signaled late on Thursday that he has yet to agree to a topline amount for the reconciliation package. Speaker of the House Nancy Pelosi (D-California) is still on track to hold a vote in the lower chamber this coming Monday (September 27) on the $1.2 trillion bipartisan infrastructure bill, despite the uncertainty of whether progressives will relent on their threats to vote against the bill. Both chambers of Congress will also need to vote on a stop-gap spending measure this coming week to fund the U.S. Federal Government beyond September 30. Congress also must soon address lifting or delay implementing the U.S. debt ceiling to avoid the Treasury Department defaulting on looming debt obligations.

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Stay safe and healthy,
Pat Soldano
President; Policy and Taxation Group
[email protected]
712 H Street NE Suite 1091
Washington DC 20002
About Policy and Taxation Group
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
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