The Senate passed Democrats’ Inflation Reduction Act on a party-line vote Sunday afternoon, delivering the long-awaited centerpiece to President Biden’s agenda. Democrats rallied behind the $430 billion climate, health care and tax overhaul after Senate Majority Leader Charles Schumer (DN.Y.) reached a last-minute deal with Sen. Joe Manchin (DW.Va.), who had held up previous proposals. …
Seven Republican senators voted with all 50 Democrats to maintain a $35 monthly cap on the price of insulin in the Democrats’ $700 billion climate, health and tax reconciliation bill. The measure targeting people not covered by Medicare was ultimately blocked from being included in the Inflation Reduction Act when it fell three votes short …
These seven GOP senators voted to keep $35 insulin cap in reconciliation bill Read More »
sen. Bernie Sanders (I-Vt.) ripped the Inflation Reduction Act Saturday for doing little to fight inflation and not enough to help Americans struggling to afford health care, child care and housing. “According to the [Congressional Budget Office] and other economic organizations that have studied this bill, it will have a minimal impact on inflation,” Sanders …
Sanders rips Inflation Reduction Act, says it will have ‘minimal impact on inflation’ Read More »
WASHINGTON (AP) — It’s nowhere near the $4 trillion proposal President Joe Biden first launched to rebuild America’s public infrastructure and family support systems but the compromise package of inflation-fighting health care, climate change and deficit reduction strategies appears on track toward Senate votes this weekend. The estimated $740 billion proposal, struck by two top …
Democrats’ big package: What remains in and what’s out? Read More »
US Senate Majority Leader Chuck Schumer (D-NY) holds his weekly news conference after the Democratic caucus party luncheon at the US Capitol in Washington, August 2, 2022. Jonathan Ernst | Reuters Senate Majority Leader Chuck Schumer said Friday that Democrats had “no choice” but to drop a key tax provision from their major spending bill …
Sinema made Schumer cut carried interest piece of reconciliation bill Read More »
US Senate Majority Leader Chuck Schumer (D-NY) holds his weekly news conference after the Democratic caucus party luncheon at the US Capitol in Washington, August 2, 2022. Jonathan Ernst | Reuters Senate Majority Leader Chuck Schumer said Friday that Democrats had “no choice” but to drop a key tax provision from their major spending bill …
Sinema made Schumer cut carried interest loophole from reconciliation bill Read More »
sen. Kyrsten Sinema (D-Ariz.) is eyeing changes to Democrats’ $740 billion reconciliation bill — specifically increasing climate funding and restructuring the tax provisions — as the Senate moves rapidly toward final passage before the August recession, Axios has learned. why it matters: Sinema is the one senator potentially standing in the way of Democrats clinching …
Sinema eyes changes to tax, climate portions of reconciliation bill Read More »
sen. Kyrsten Sinema, D-Ariz., and Sen. Joe Manchin, DW.Va., board an elevator after a private meeting between the two of them on Capitol Hill on Thursday, Sept. 30, 2021 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images The political network backed by billionaire Charles Koch launched an ad blitz targeting Sens. …
Koch Network Urging Sens. Manchin, Sinema to oppose $739 billion bill Read More »
sen. Joe Manchin (DW.Va.) says he will talk to fellow centrist Sen. Kyrsten Sinema (D-Ariz.) about supporting a broad tax reform and climate bill he’s negotiated with Senate Majority Leader Charles Schumer (DN.Y.) that would reduce carbon emissions by 40 percent by 2030. Sinema has kept silent about whether she will support the deal, which …
Manchin will talk to Sinema about supporting climate, tax deal Read More »
The energy and healthcare deal from Sens. Joe Manchin and Chuck Schumer would raise taxes on millions of Americans earning less than $400,000 annually, Senate Republican say, citing non-partisan data. The Congressional Joint Committee on Taxation found that taxes would jump by $16.7 billion on American taxpayers making less than $200,000 in 2023 and raise …
Senate GOP argues data shows Schumer-Manchin deal raises taxes on earners under $400K Read More »
