As the United States grapples with the impacts of global warming, Senate Democrats on Monday revealed a massive $3.5 trillion budget resolution, spanning over 10 years, and it will aim at providing sums towards family support, health, education programs and an aggressive drive to heal the climate.
Democrats will turn to it after the roughly $1 trillion infrastructure package, which includes targetted spending on roads, bridges, transit and broadband internet and is expected to pass the Senate on Tuesday, according to the Associated Press inputs.
The two packages are pivotal to President Joe Biden’s top domestic policy ambitions and will likely shape the outcome of the progressive turn that the Democrats are planning towards.
The Senate is expected to approve the budget plan this week over solid Republican opposition. The backing of every Democrat in the 50-50 Senate, plus the tie-breaking vote of Vice President Kamala Harris, will be needed to approve the budget over likely solid Republican opposition.
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Expectedly, many of the proposals would be financed by raising taxes on the wealthy and large corporations while sparing people earning under $400,000 annually, as the President has often pledged.
Although party leaders say the measure will be fully paid for, the budget resolution does not require that, instead, giving Congress’ tax-writing committees unspecified license to raise money that a summary calls “substantial,” according to AP inputs.
The bill has been unveiled the same day the United Nations warned of a “code red for humanity” because of rapid climate heating, the fiscal plan would unsheathe a vast effort to move the US toward clean energy.
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That would include a new tax on imported fuels that spew carbon emissions, federal aid for clean energy developers and investments in low-polluting vehicles.
Although, it is unclear when the House, now on summer recess, will vote on the budget. House Speaker Nancy Pelosi, D-Calif., praised it as “a clear declaration of the value that congressional Democrats place on America’s workers and families.”