2021-08-11 12:49:06

“The End of Neoliberalism”: Rep. Ro Khanna Hails “Historic” $3.5 Trillion Budget Plan

Senate Democrats passed a $3.5 trillion budget resolution early Wednesday morning that would vastly expand the social safety net, increase taxes on the rich and corporations, improve worker rights and include measures to combat the climate crisis.

The budget blueprint passed 50-49, less than 24 hours after a $1.2 trillion bipartisan infrastructure bill was approved 69-30 in the Senate.

Both spending packages now go to the House of Representatives, where Speaker Nancy Pelosi has indicated she will not bring the bipartisan bill to the House floor unless the reconciliation bill is considered at the same time.

California Congressmember Ro Khanna calls the budget bill “a historic piece of legislation” that marks “the end of neoliberalism” in the United States. “It is a major investment in the American people,” Khanna says.

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