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Schumer sets weekend showdown for Democrats' tax and spending bill in Senate

Added 08-05-22 02:03:02pm EST - “Senate Majority Leader Charles E. Schumer on Friday said the chamber is on track to begin consideration of the Democrats' $740 billion health care, climate, tax and spending package over the weekend.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Schumer sets weekend showdown for Democrats’ tax and spending bill in Senate”. Below is an excerpt from the article.

Senate Majority Leader Charles E. Schumer on Friday said the chamber is on track to begin consideration of the Democrats’ $740 billion health care, climate, tax and spending package over the weekend.

The nonpartisan Senate parliamentarian, Elizabeth MacDonough, has been working overtime to scrub of the far-reaching measure to ensure it meets the Senate’s complex budget reconciliation rules before Mr. Schumer, New York Democrat, introduces the legislation for consideration by the full chamber. The reconciliation package can pass with just the 50 Democrats in the evenly divided chamber, not the three-fifths majority needed for other bills.

“The parliamentarian and her team have dedicated long hours on this legislation,” Mr. Schumer told reporters Friday. “And they’re working through the day to make sure the Senate’s ready to act.”

He said he remained confident that “at the end of the day” Democrats will have “preserved the core components” of the bill.

Senate Democrats received the green light on the bill late Thursday when the final holdout in the caucus, Arizona Sen. Kyrsten Sinema, signaled that she was ready to “move forward” on the legislation contingent on changing tax provisions contained in the bill which targeted wealthy investors and large corporations.

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