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On The Money: Democrats closing in on massive infrastructure deal, but battle brews over tax hikes | What to know about the new child tax credit payments


Senate Democrats are vowing to vote during this work period, tentatively scheduled to last through the first week of August, on both the budget resolution that green-lights reconciliation and the smaller bipartisan deal that would spend $1.2 trillion over eight years on infrastructure.
The Hill’s Jordain Carney has the latest here.
Brewing battle over tax hikes to test Democratic unity
: Even so, a brewing battle over tax policy is starting to heat up as lawmakers return to Washington for a crucial work period when both of those issues converge.
Schumer and Democrats on the Senate Budget Committee have discussed a $6 trillion reconciliation package that would include $2.4 trillion in tax increases and legislation to lower the price of prescription drugs that would save the federal government an estimated $600 billion over 10 years. ....

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