WASHINGTON — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the end of this week.
“The time is now to move forward with a big, bold package for the American people,” said Senate Majority Leader Chuck Schumer, D-N.Y. “This historic bill will reduce inflation, lower costs, fight climate change. It’s time to move this nation forward.” Nonpartisan analysts have said the legislation, which Democrats have named the Inflation Reduction Act, would have a minor impact on the nation’s worst inflation bout in four decades. Even so, it would take aim at issues the party has longed to address for years including global warming, pharmaceutical costs and taxing immense corporations.
Another, by Graham, was defeated; it would have erased a fee Democrats want to renew on barrels of oil that raises money for hazardous waste cleanups. Republicans said Democrats’ proposal would boost gasoline prices, a sore point for voters after this summer’s record pump prices. Other pharmaceutical provisions were left intact, including giving Medicare the power to negotiate what it pays for drugs for its 64 million elderly recipients, a longtime Democratic aspiration. Penalties on manufacturers for exceeding inflation would apply to drugs sold to Medicare, and there is a $2,000 annual out-of-pocket cap on drug costs and free vaccines for Medicare beneficiaries.
The measure is a shadow of Biden’s initial 10-year, $3.5 trillion proposal, which funded a rainbow of progressive dreams including paid family leave, universal preschool, child care and bigger tax breaks for families with children. The current bill, barely over one-tenth that size, became much narrower as Democratic leaders sought to win the votes of the centrists Manchin and Sinema, yet it has unified a party eager to declare victory and show voters they are addressing their problems.
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Dems' climate, energy, tax bill clears initial Senate hurdleWASHINGTON (AP) — A divided Senate voted Saturday to start debating Democrats’ election-year economic bill, boosting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes past its initial test as it starts moving through Congress. Democrats pushed the legislation through the evenly divided chamber by 51-50, with Vice President Kamala Harris breaking the tie and overcoming unanimous Republican opposition. Democrats for the people.
Source: AP - 🏆 728. / 51 Read more »
Harris, Dems push climate, energy, tax bill through initial Senate hurdle in 51-50 voteThe House, where Democrats have a slender majority, could give it final approval next Friday when lawmakers plan to return to Washington.
Source: nypost - 🏆 91. / 67 Read more »
Dems' Climate, Energy, Tax Bill Clears Initial Senate HurdleA divided Senate has voted to start debating Democrats’ election-year economic bill. The sprawling measure contains many of President Joe Biden’s climate, energy, health and tax goals. United Democrats pushed the 755-page measure through the Senate on a party-line vote. That was a preview of votes on what was expected to be a mountain of amendments, mostly from Republicans trying to derail the legislation. The package is a dwindled version of earlier multitrillion-dollar bills from Biden that Democrats failed to advance. The measure has become a partisan battleground over inflation, gasoline prices and other issues that polls show are driving voters. potus gop thedemocrats So no real improvement for people. Just the same old gouging on drug prices. WokeIsDead Republicans love their big pharma donors! 🤮 white America are using Asian, and other foreigner against black americans, in the main two areas, corrupt police, jobs, the biggest problems of democrat run cities alone with Drugs, white police and drugs, if black america want there system back deal with these few things
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Dems' climate, energy, tax bill clears initial Senate hurdleThe Senate's nonpartisan rules arbiter has dealt a blow to Democrats’ plan for curbing drug prices. The way you chose to frame this headline is so disappointing You mean 'dealt a blow to' the American people but continue... At least Biden is doing something. Trump spent 4 years in office and didn’t accomplish a damn thing.
Source: KPRC2 - 🏆 80. / 68 Read more »