March 4, 2022:  FY2022 Budget Reconciliation and Infrastructure Update

Policy Resolution Group Reconciliation & Infrastructure Update

March 4, 2022

FY2022 Budget Reconciliation & Infrastructure 

Informal negotiations on a pared down reconciliation package picked back up this week after President Biden’s first official State of the Union (SOTU). President Biden used his speech to highlight domestic priorities that Senator Joe Manchin (D-WV) had previously ruled out in any sort of reconciliation package that could get his support, such as the Child Tax Credit. Post speech, Manchin focused his comments on how he would approach those provisions in a new reconciliation package. However, Manchin returned to the Capitol on Wednesday and indicated that he is still open to a slimmed down reconciliation package that includes climate spending, drug pricing reform, and rolling back the 2017 tax cuts. He noted that while formal negotiations are not occurring at this time, conversations are still happening. While there is some hope that a deal could be reached before summer, Democrats in Congress and the President will have to address other pressing issues such as the international crisis in Ukraine and government funding before they can turn their full attention to accomplishing President Biden’s domestic agenda. Please find below the latest edition of the Policy Resolution Group’s FY2022 Budget Reconciliation & Infrastructure Update. Included in this newsletter are sections on:

• State of Infrastructure and Reconciliation Negotiations
• Liam Donovan’s Bottom Line
• The Breakdown with Yasmin Nelson
• Document Library

Read the full update.