Senator Kyrsten Sinema signed off on Democratic legislation that would provide new spending to mitigate climate change and extend health care access while taxing corporations. She agreed to the bill upon removing a provision that would've closed the carried interest loophole, which benefits wealthy hedge fund managers, and adding to the bill billions in drought relief funds.
Read more ...
WASHINGTON - Democrats say they have secured the votes to pass major legislation called the Inflation Reduction Act after they struck a deal with Senator Kyrsten Sinema.
Senator Sinema demanded changes to the bill in exchange for her vote, forcing Democrats to cut a provision that closed a tax loophole allowing hedge fund and investment managers to pay lower taxes.
“Senator Sinema said she would not vote for the bill, not even move to proceed unless we took it out,” Senator Chuck Schumer said.
But Senate Majority Leader Schumer says Democrats added a new tax on corporate stock buybacks...
Read more ...
The Inflation Reduction Act may be the single-most important piece of climate legislation in American history.
Read more ...
Democrats are one step closer to passing the Inflation Reduction Act, but they still have a long weekend ahead on Capitol Hill.
Read more ...
CHICAGO - It's hard to say now what this win could end up doing for the White Sox, but at the very least, it will be one of their more memorable comebacks of the 2022... Read more ...
“I've lost something that brings joy to me and the people around me and to my family,” Gloria Reyes said. Read more ...
The Inflation Reduction Act will cost middle-class taxpayers billions The Inflation Reduction Act signed into law by US President Joe Biden on Tuesday will saddle middle-class... Read more ...
Ten smaller Massachusetts communities are already part of a program that allows them to ban fossil fuels in new buildings. Read more ...
Snoop Dogg's "next episode"? The breakfast business. The rapper, actor and entrepreneur is launching a new cereal called "Snoop Loopz." The whole-grain cereal looks similar to... Read more ...
CHICAGO - With the days falling off the calendar in the summer months, many Chicagoans are scrambling to squeeze that last drop of the summer solstice by experiencing something... Read more ...
Police said most collisions were caused by distracted driving, speeding and running red lights. Read more ...
Disneyland announced Tuesday Magic Key annual pass renewals will begin on Thursday and revealed a new top-tier pass for guests. Disneyland launched the Magic Key program back... Read more ...
Overall, home sales are down 38% from last year. Read more ...
The country's Foreign Ministry will cut the daily number of visas given to Russians in half and is calling for an EU-wide ban Finland's Foreign Ministry announced on Tuesday... Read more ...