Page 12 - Investment Advisor September 2021

Beginnings

WASHINGTON WATCH

By Melanie Waddell

Senate Advances Biden’s Tax, ing taxes on working families and small
businesses by asking corporations and
Economic Agenda the wealthy to pay their share.”
Added Schumer: “What we’re doing

Senate Majority Leader Chuck Schumer said he here isn’t easy. We’ve labored for months
and months to reach this point, and we
wants a budget reconciliation bill done by Sept. 15 have no illusions; maybe the hardest
work is yet to come. …My entire caucus
believes the job is worth doing and I
believe we will get the work done.”
Schumer relayed that he’s met with the
chairs of the committees of jurisdiction
and that “we’re going to be working very
hard in the next month to get the recon-
ciliation bill done in September.” While
“that’s a hard job,” he added, “we’re going
to roll up our sleeves to get it done.”
The Senate passed bipartisan infra-
structure bill contains much of Biden’s
American Jobs Plan’s investments,
House Majority Leader Steny Hoyer,
D-Md., said in a mid-August statement.
The Senate-passed budget resolution “is
enate Majority Leader Chuck the bipartisan infrastructure bill and the a necessary step as we move toward a
Schumer, D-N.Y., hailed as “one budget resolution before we broke for budget reconciliation bill that will allow
Sof the most significant days in the August recess, many said it was an us to implement the American Families
the Senate” the passage on Aug. 11 of impossible task. But democrats in the Plan,” Hoyer said.
Senate democrats’ $3.5 trillion 2022 Senate are determined, fiercely deter-
budget proposal advancing President mined, to move President Biden’s Build HOUSE VOTE WEEK OF AUG. 23
Joe Biden’s tax and economic agenda. Back Better agenda forward.” The House, Hoyer said in a Dear
A day before, the Senate passed the $1 Now, Schumer continued, “we have to Colleague letter, will return from recess
trillion infrastructure bill. Senate demo- continue working at it. I’m pleased that on the evening of Aug. 23 to vote on
crats’ budget plan was crafted primarily the two-track strategy is right on track.” the Senate-passed budget resolution and
by Senate Budget Committee Chairman The bipartisan infrastructure pack- will remain in session until its business Cambridge is proud to be recognized as a member of the inaugural ThinkAdvisor
Bernie Sanders, I-Vt. age passed with all 50 democrats and 19 for the week is concluded. LUMINARIES Class of 2021. Honored to be a leader among the most respected firms in the
Schumer stated during an Aug. 11 republicans. “Every democrat voted for As the Committee for a Responsible industry, Cambridge continues to be strong and growing after more than 40 years. 1
press briefing that he wants to get the both the bipartisan [infrastructure] bill Federal Budget explains, Biden’s Build
reconciliation bill done on Sept. 15. and the budget resolution,” Schumer said. Back Better agenda consists of two
The two-track strategy, Schumer The Senate budget resolution is “big, parts: the bipartisan Infrastructure Samuel Corum/Bloomberg
said during the briefing, “is moving full bold and strong,” Schumer said, “and it’ll Investment and Jobs Act and a plan to
steam ahead. When I said earlier this be paid for by making our tax code more use reconciliation instructions to enact JoinCambridge.com
year that we were going to pass both progressive and more fair without rais- $3.5 trillion of spending and tax breaks, ®
1 Cambridge and its predecessor broker-dealer
ThinkAdvisor LUMINARIES, Class of 2021. To learn about the award criteria, visit https://event.thinkadvisor.com/luminaries-awards/criteria. Amy
10 INVESTMENT ADVISOR SEPTEMBER 2021 | ThinkAdvisor.com Webber is a member of the judging panel at ThinkAdvisor but did not vote for any category in which our firm was nominated. Member FINRA/SIPC