Biden makes $1.75T sales pitch to House Democrats

Biden makes $1.75T sales pitch to House Democrats-rollcall:  President Joe Biden presented House Democrats with a $1.75 trillion reconciliation framework Thursday morning, which senior administration officials said he'll ask them to support when it’s written and ready for a vote, along with a separate Senate-passed bipartisan infrastructure bill.

White House releases $1.75T framework for budget package

White House releases $1.75T framework for budget package-rollcall:  President Joe Biden will try to sell Capitol Hill Democrats on a reconciliation package totaling $1.75 trillion over a decade with $555 billion in spending and tax breaks for clean energy investment, $400 billion for child care and universal prekindergarten, and hundreds of billions of dollars for health care coverage, affordable housing, home care for seniors and more. 

Latino Dems lean on Padilla to pump up midterm turnout

Latino Dems lean on Padilla to pump up midterm turnout-politico:  Democrats are counting on a top California officeholder to help them flip Latino-heavy congressional districts in next year’s midterm elections: Sen. Alex Padilla.

Democrats eye Medicare Advantage as potential reconciliation offset

Democrats eye Medicare Advantage as potential reconciliation offset-rollcall:  Democrats are considering payment reductions for private Medicare Advantage plans to help offset the cost of a multitrillion-dollar budget bill, according to three sources with knowledge of the talks, triggering a lobbying fight from the insurer

Billionaire tax gains momentum

Billionaire tax gains momentum-thehill:  Democrats are facing hurdles to making a new annual tax on billionaires’ investment gains a reality.  The proposal, championed by Senate Finance Committee Chairman Ron Wyden (D-OR), is seen as a way to help pay for the party’s social spending package while accommodating Sen. Kyrsten Sinema’s (D-AZ) opposition to raising tax rates.

Economic growth helps cut fiscal 2021 deficit to $2.8 trillion

Economic growth helps cut fiscal 2021 deficit to $2.8 trillion-rollcall:  Surging tax revenues as the U.S. economy rebounded from the coronavirus-driven downturn helped reduce the budget deficit for the fiscal year that ended Sept. 30, the Treasury Department and White House budget office announced Friday.

Two-year spending caps deal on the table in appropriations talks

Two-year spending caps deal on the table in appropriations talks-rollcall: Top Senate appropriators on Thursday didn’t rule out negotiating two years’ worth of spending levels rather than allocations just for this year, in line with budget caps deals lawmakers have struck going back to 2013.