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Political and Legislative

Democrats Unveil a $3.5 Trillion Social and Climate Change Budget

Senate Democrats unwrapped a budget resolution Monday envisioning a massive $3.5 trillion, 10-year cascade of federal resources, aiming historic sums at family support, health and education programs and an aggressive drive to heal the climate.

The measure is a pivotal first step in what will likely be a tumultuous, months-long Democratic legislative march toward a progressive reshaping of the federal government that also hews to President Joe Biden’s top domestic policy ambitions.

The blueprint reflects many Democrats’ tilt leftward in the wake of Donald Trump’s presidency and bears the imprint of Senate Budget Committee Chairman Bernie Sanders, I-Vt., a longtime progressive voice now at the hub of the Democratic Party’s power structure in Congress.

Many of its proposals would be financed by raising taxes on the wealthy and large corporations while sparing people earning under $400,000 annually, an oft-repeated Biden pledge and liberal goal. Though 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.”

Read the source article at Associated Press News

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