Bloomberg Tax
Aug. 9, 2021, 2:43 PM

Democrats Release Budget Enabling Biden’s $3.5 Trillion Plan (2)

Steven T. Dennis
Steven T. Dennis
Bloomberg News
Laura Davison
Laura Davison
Bloomberg News

Senate Democrats released the text of their budget resolution that sets up President Joe Biden’s $3.5 trillion economic agenda as well as a showdown with Republicans over the debt limit in September.

The budget blueprint is expected to be voted on this week in the Senate soon after final passage of Biden’s bipartisan $550 billion infrastructure package. It allows Democrats to bypass Republicans to expand the social safety net and address climate change, paid for by raising taxes on the wealthy and corporations.

The blueprint would be followed as soon as September with text implementing a broad array of ...