Schumer announces Senate-House deal on tax ‘framework’ for $3.5T package

Senate Majority Leader Charles Schumer (D-N.Y.) on Thursday morning announced that the Senate, House and White House have reached a deal on a “framework” to pay for the massive human infrastructure spending package they hope to pass this fall under budget reconciliation.

“The White House, the House and the Senate have reached an agreement on a framework that will pay for any final negotiated agreement. So the revenue side of this, we have an agreement on,” Schumer announced at a joint press conference with Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Janet Yellen.