The Senate is set to take up the House-passed Build Back Better reconciliation bill with the goal of finishing work on the package before the Christmas break.
Tag Archive: reconciliation
On Nov. 19, the House passed 220-212 the Build Back Better reconciliation bill (H.R. 5376) that includes more than $1.5 trillion in business and individual tax increases.
Yesterday, a modified version of the administration’s tax reporting requirement--a pay-for in the spending bill--which increases the reporting threshold from $600 to $10,000.
With lawmakers back in D.C. this week, Democratic leaders are working with the centrist and progressive wings of their party to find common ground on the spending bill.
The House Budget Committee has announced it will not mark up the Democrats’ reconciliation package in time for it to move in conjunction with the Sept. 27 vote on the bipartisan infrastructure bill.