Many outstanding questions despite the “framework” for reconciliation compensation

Leading Democratic leaders and tax writers have narrowed down a “menu of options” on how to pay for their multibillion-dollar budget reconciliation plan that eliminates a controversial estate tax proposal but leaves many others with a fragile support.

Senate Majority Leader Charles E. Schumer made a cameo appearance at President Nancy Pelosi’s weekly press conference Thursday morning with Treasury Secretary Janet L. Yellen to announce that they “have made it to agreement on a framework “on how to pay for a sweeping social spending measure that will fund new programs on paid vacation, child care, the climate and more.

It quickly became clear that what Schumer, DN.Y., described as a “menu of options”, and which Pelosi, D-Calif., Saw as “a giant leap forward”, was not not yet the major breakthrough needed to resolve long-standing disputes. among moderate and progressive Democrats on the size and scope of the broad tax and spending package.

Members of the base mostly learned of the existence of a framework agreement from journalists and therefore had no details of its content. “I’m almost as eager to get this information as you are,” Sen. Mark Warner, D-Va., A member of the finance panel, told reporters.

The “deal” also turned out to be half-baked, as Ways and Means Chairman Richard E. Neal, D-Mass., And Senate Finance Chairman Ron Wyden, D-Ore., Had still problems to be solved to refine the menu. options, not to mention choosing what will be used from the menu in the final package.

Comments are closed.