Outlook for This Week in the Nation’s Capital
Congress. The House and Senate are in recess until next week.
FY22 Budget and Appropriations. The White House delayed the release of its FY22 “skinny” budget last week, though it is expected to be released as soon as this week instead.
Jobs and Infrastructure Package. President Joe Biden introduced the American Jobs Plan last week, the first half of a two-part package. The plan proposes $2.3 trillion over eight years for job creation and to modernize the nation’s infrastructure, including roads, bridges, ports, transit systems, airports, broadband access, housing, water systems, climate resiliency, and manufacturing. Other provisions include $100 billion for modernizing the power sector, research and development investments which includes $50 billion for the National Science Foundation (NSF), and $100 billion for workforce development programs. The proposal also includes a corporate tax plan and other tax modifications to help