On Thursday, the White House released an updated framework and fact sheet for the Reconciliation bill that includes a total of $1.75 trillion in spending over ten years to “guide the drafting of legislative language.” The new spending would be offset by tax increases on corporations and the very wealthy. President Biden met with House Democrats on Capitol Hill to discuss the framework before departing for climate meetings in Europe. During his meeting, President Biden stated his desire for a vote on both the infrastructure and reconciliation bills, but failed to specify a timeframe.
