A document circulating among House Democrats says high-earning Americans with incomes over $5 million could see a 3% "surtax."
By incentivizing utilities to transition to clean energy, the program could create jobs in retail, manufacturing, and construction across the country.
The spending plan includes funding for roads, bridges, and broadband. Expect engineering, construction, and machinery stocks to win out, BofA said.
"Republicans cannot be allowed to delay progress any longer," Elizabeth Warren told Insider, saying Democrats have "kept the door open" for months.
"I'm going to fight to make that proposal as robust as it can be," he said outside the White House after meeting with Biden.
Sanders is pushing for an expansive package that includes spending on climate, housing, higher education, and childcare. Manchin may pose an obstacle.
"Republicans should be for less spending on the IRS, not more," Stephen Moore tells Insider, calling it a "betrayal to fund the IRS with more money."
A secretly-taped video showed Texas Rep. Chip Roy admitting he wants to prevent Democrats from getting anything done so the GOP can win back Congress.
The California Democrat stands by her commitment to clear Biden's bipartisan deal only after Senate Democrats approve a party-line bill.
Steel prices are up as investors bet that President Joe Biden's infrastructure spending on roads and bridges will boost demand.
After Biden's bipartisan deal was imperiled by comments linking them to a reconciliation bill, he walked them back. McConnell says it's not enough.
Manchin wants to slash the proposed $6 trillion in infrastructure spending being weighed by Bernie Sanders and Senate Democrats.
"It seems like the momentum in the Republican caucus is to abandon this deal," said a former GOP aide, one day after Biden touted a bipartisan win.
The influential moderate Democrat wants to roll back Trump's "unfair" tax cuts and he supports completely paying for a multitrillion-dollar package.
Sen. John Hickenlooper of Colorado told Insider that extra money for the IRS was "a good possibility" as negotiations continue. He's not alone.
The White House also ripped into GOP Rep. Jim Jordan for blaming Biden for the rise in gas prices since last year.
"We're not going to accept it," Psaki said on Monday. The GOP favored indexing the gas tax to inflation, which could boost gas prices.