What tax hikes are in the Inflation Reduction Act bill

After months of painstaking negotiations, Senate Democrats on Sunday approved a sweeping health care and climate change spending package that amounts to one of the largest tax hikes in...

Senate passes Democrats’ big healthcare, climate and tax package after marathon session

By a vote of 51-50 — with Vice President Kamala Harris breaking the tie — senators OK’d the package and sent it on to the House. Biden on Friday called the bill “a game changer for working...

Senate Democrats pass $740 billion tax, climate and health care bill

Senate Democrats on Sunday passed their sweeping, $740 billion tax, climate and health care reconciliation package after an all-night session, with Vice President Kamala Harris casting the...

You Know It's Bad When... Bernie Mocks Dems' "So-Called Inflation Reduction Act"

You Know It's Bad When... Bernie Mocks Dems' "So-Called Inflation Reduction Act" Senate Democrats late on Aug. 6 advanced a mammoth spending bill on climate and energy, health care,...

Dems push Biden climate, health priorities toward Senate OK

WASHINGTON (AP) — Democrats drove their election-year economic package toward Senate approval early Sunday, debating a measure that is less ambitious than President Joe Biden’s original domestic...

Parliamentarian weakens Democrats' drug plan in Inflation Reduction Act, as Senate prepares to vote

The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.

Parliamentarian alters drug plan in Inflation Reduction Act before Senate vote

The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.

Private insurers won't get drug price break, clause struck from Senate bill

Democrats’ plans for lowering prescription drug prices took a hit Saturday as they prepared to move their massive reconciliation bill through the chamber.Driving the news: The Senate...

Senate parliamentarian OKs most of Dems' drug price controls

WASHINGTON — The Senate parliamentarian narrowed Democrats' plan for curbing drug prices but left it largely intact Saturday, Democrats said, as party leaders prepared to start moving their...

Senate parliamentarian approves most drug price controls in Democrats' economic package

Elizabeth MacDonough, the chamber's rules arbiter, said provisions must be removed that would force drugmakers to pay rebates if their prices rise above inflation for products they sell to private...

POLITICO Playbook: Senate parliamentarian kills key policy in Dem reconciliation bill- POLITICO

With help from Eli Okun and Garrett RossBREAKING — Democrats have lost a key piece of the prescription drug pricing reform policy in their reconciliation bill.In an email to Senate staffers at...

Senate parliamentarian gives green light to most of Democrats' drug pricing plan

Senate parliamentarian gives green light to most of Democrats' drug pricing plan as part of the Inflation Reduction Act.

Dems lose key piece of health agenda in spending bill

Parliamentarian nixes Democrats’ plan to lower drug prices for Americans with private insurance.

Senate parliamentarian OKs most of Dems’ drug price controls. ‘We are one step closer to finally taking on Big...

The Senate parliamentarian narrowed Democrats' plan for curbing drug prices but left it largely unscathed Saturday, Democrats said, as party leaders prepared to start moving their sprawling...

Senate parliamentarian OKs most of Dems' drug price controls

Democrats say the Senate parliamentarian has narrowed the party's plan for curbing drug prices but left it largely unscathed

U.S. Senate Democrats push ahead on $430 billion drug, energy bill

By Richard Cowan WASHINGTON - U.S. Senate Democrats on Saturday embark on one of their most critical missions of Joe Biden's presidency: tackling climate change, lowering the costs of energy and...

Senate parliamentarian OKs most of Dems' drug price controls

WASHINGTON (AP) — The Senate parliamentarian narrowed Democrats' plan for curbing drug prices but left it largely unscathed Saturday, Democrats said, as party leaders prepared to start moving...

Democrats’ big climate and budget bill might finally become a reality this weekend

Sen. Kyrsten Sinema (D-AZ) walks to a vote at the US Capitol on July 28, 2022, in Washington, DC.  | Drew Angerer/Getty Images A recent announcement from Sen. Kyrsten Sinema clears a major...

Dems change some tax provisions as they ready economic bill

WASHINGTON (AP) — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as...

Schumer calls economists 'wrong' on spending bill, higher inflation

Senate Majority Leader Chuck Schumer called 230 economists who are warning that the Inflation Reduction Act is expected to contribute to skyrocketing inflation "wrong" during a press conference...

A Stock Buyback Tax Is Added to the Inflation Bill. What That Means for Companies

Democratic party leaders struck a deal with moderate holdout vote Sen. Kyrsten Sinema. The agreement, however, could spur key changes in corporate taxation, especially on stock buybacks. The...

Democrats' climate and health care bill on track after Kyrsten Sinema signs on, with small modifications

Senate Majority Leader Chuck Schumer (D-N.Y.) announced Thursday night that the Senate will begin voting on the Inflation Reduction Act on Saturday afternoon after the final Democratic holdout,...

Sinema Signs Off On Reconciliation Bill After Dems Agree To Protect Private Equity Billionaires

Sinema Signs Off On Reconciliation Bill After Dems Agree To Protect Private Equity Billionaires Arizona Senator Kyrsten Sinema - the lone Democrat holdout on the Biden...

Democrats secure Sinema's support for Inflation Reduction Act

Sen. Kyrsten Sinema (D-Ariz.) said Thursday that she plans to "move forward" with a revised version of Democrats' reconciliation bill after reaching a deal to scale back some of the original tax...

Major holdout Dem agrees to bill, sets up VP Harris as tie-breaker

Sen. Kyrsten Sinema said Thursday she will "move forward" with the Democrats' social spending and taxation bill, after previously holding out on deal struck by Sen. Joe Manchin and Senate Majority...

Dems consider changes to economic bill, weekend votes ahead

WASHINGTON (AP) — Democrats on Thursday considered reshaping proposed taxes on the wealthy and huge corporations, and possibly adding billions for the West's historic drought, as lawmakers aimed...

Sinema eyes changes to tax, climate portions of reconciliation bill

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...

GOP Hopes To Use "Byrd Rule" To Chop Pieces Off Climate And Tax Bill

GOP Hopes To Use "Byrd Rule" To Chop Pieces Off Climate And Tax Bill Winning over current West Virginia Senator Joe Manchin has helped Democrats move toward passage of a $433 billion...

Dems hold their breath as firebrand senator controls fate of $430B bill

The fate of a social spending and tax bill agreed to by Sen. Joe Manchin and Senate Majority Leader Chuck Schumer hangs in the balance as another key moderate, Sen. Kyrsten Sinema still hasn't...

Will The Inflation Reduction Act Of 2022 Do Anything At All?

Will The Inflation Reduction Act Of 2022 Do Anything At All? Authored by Mike Shedlock via MIshTalk.com, Assuming the Inflation Reduction Act passes reconciliation hurdles, what would...

One-Stop Business News, backed by Mark Cuban. Free to Use →