7 days ago | By

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.
In an unusual peek at closed-door bargaining, Schumer, D-N.Y., said Democrats dropped a proposed tax boost on hedge fund executives after pivotal centrist Sen. Kyrsten Sinema, D-Ariz., said she would otherwise vote “no.” Schumer said that in its place, the measure now has a new tax - which others said will be 1% - on the shares companies buy back of their own stock, netting the government far more revenue.
With final...
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Democrat senators kick off weekend debate over climate, tax and health bill

7 days ago | By

The Senate is starting debate on a major Democratic bill to address climate change, drug prices, the deficit and more. It would be a major win for President Biden to carry into the midterms.
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Rules Boss Cuts Bill's Penalties for Drugmakers

7 days ago | By

The Senate parliamentarian on Saturday dealt a blow to Democrats' plan for curbing drug prices but left the rest of their sprawling economic bill largely intact. Party leaders prepared for first votes on a package containing many of President Biden's top domestic goals, the AP reports. Elizabeth MacDonough, the chamber's...
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Parliamentarian weakens Senate prescription drug plan; climate change provisions remain intact

7 days ago | By

The Senate parliamentarian on Saturday dealt a blow to Democrats' plan for curbing drug prices but left the rest of their sprawling economic bill largely intact as party leaders prepared for first votes on a package containing many of President Joe Biden's top domestic goals.
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Dems change some tax provisions as they ready economic bill

7 days ago | By

WASHINGTON - 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 they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda.
In an unusual peek at closed-door bargaining, Schumer, D-N.Y., said Democrats dropped a proposed tax boost on hedge fund executives after pivotal centrist Sen. Kyrsten Sinema, D-Ariz., said she would otherwise vote “no.” Schumer said that in its place, the measure now has a new tax - which others said...
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