July 15, 2021
Senate Democratic leaders announced an agreement on Tuesday evening, July 13, to advance a $3.5 trillion spending plan to finance a major expansion of the nation’s economic safety net, NBC News reports.
He said the deal would include a “robust expansion of Medicare” that would include new benefits like dental, vision and hearing coverage, along with major funding for clean energy. “If we pass this, this is the most profound change to help American families in generations,” he said.
“Joe Biden is coming to our lunch tomorrow to lead us on to getting this wonderful plan that affects American families in a so profound way, more than anything that’s happened to generations,” Schumer told reporters. “We are very proud of this plan. We know we have a long road to go. We’re going to get this done for the sake of making average Americans’ lives a whole lot better.”
The announcement points to a challenge for Democrats, who will have to agree on a massive bill that is financed with new tax revenue to pass it through razor-thin congressional majorities, with no realistic hope of winning Republican support.
“This is, in our view, a pivotal moment in American history,” Senator Bernie Sanders (I-Vermont), the Budget Committee chairman, told reporters.
“What this legislation says among many, many other things, is that those days are gone. The wealthy and large corporations are going to start paying their fair share of taxes, so that we can protect the working families in this country,” he said.
The agreement, a significant decrease from Sanders’ $6 trillion proposal, is an attempt to achieve consensus in an ideologically diverse Democratic Party with a host of competing interests. The legislation has yet to be written.
Research contact: @NBCNews