While Democrats are working toward a slimmed-down framework for their social-spending bill, a priority many of them had from the start — significant investments in combating the climate crisis — looks like it might make the cut. People familiar with the matter told Axios on Tuesday that the climate portion of Democrats’ social-sending bill was “mostly settled” and would have a price tag of $500 billion to $555 billion, which isn’t too far off from the $600 billion proposal Democrats first proposed under their initial $3.5 trillion package. To be sure, nothing is finalized yet in Democrats’ reconciliation bill, and they have yet to release a framework or bill text, but House Speaker Nancy Pelosi said she planned to do so ahead of Biden’s trip to Glasgow.
By Ayelet Sheffey. Insider. October 27, 2021.
