House Budget Committee Chairman John Yarmuth, D-K.Y., said Wednesday that the House will take the lead in moving the budget reconciliation bill forward and released a report on how the various committees plan to get to a budget recommendation by Sept. 15.
The reconciliation process allows legislation for President Joe Biden’s Build Back Better Plan to pass with a simple majority in the Senate, Yarmuth explained.
“Without the reconciliation directives in this resolution, the bold action outlined in the Plan could languish indefinitely in the Senate, putting our economy, the well-being of millions of Americans, and our nation’s future at risk,” Yarmuth stated.
The House, he continued, “will take the lead on moving the reconciliation bill forward because the Build Back Better Plan includes measures to ensure that the wealthy pay their fair share in taxes, and all bills addressing taxes must originate in the House.”
House Budget Chair Lays Out Next Steps for Tax, Spending Bill
- by: Melanie Waddell
- 08-18-2021
- Source:
Think Advisor
- 08/30/2021
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U.S. Capitol Building Dome, Washington D.C. by Rawpixel Ltd is licensed under FLICKR Attribution 2.0 Generic (CC BY 2.0)
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