Senate Democrats push ahead with their spending plans while talks stall. GOP critics claim the package includes large hikes for the IRS and other non-defense agencies. A top Senate Democrat stated that his party intends to introduce an omnibus spending bill on Monday to press Republicans into accepting a deal or risking an alternative that would freeze government spending for the entire year and prevent reallocating funds to military and other programs.
Tag: inflation reduction act
Inflation Reduction Act in Jeopardy
The closed carried interest loophole could undermine the Inflation Reduction Act of 2022 since some Democrats seek an exemption for start-ups. As part of the Democrats’ reconciliation bill, the legislation would also…