Senate Majority Leader Chuck Schumer has told fellow Senate Democrats they now have an opportunity to achieve two “hugely important” priorities on health care...
limited — at Manchin’s insistence — to curbing pharmaceutical prices and extending federal health care subsidies. Earlier Wednesday, numerous Democrats said they were all but resigned to the more modest legislation.
and environmental initiatives for progressives. And Manchin, an advocate for the fossil fuels his state produces, said the bill would invest in technologies for carbon-based and clean energy while also reducing methane and carbon emissions. In summaries that provided scant detail, Democrats said their proposal would raise $739 billion over the decade in new revenue, including $313 billion from a 15% corporate minimum tax. They said that would affect around 200 of the country’s largest corporations, with profits exceeding $1 billion, that currently pay under the current 21% corporate rate.The agreement also contains $288 billion the government would save from curbing pharmaceutical prices.
That would leave $306 billion for debt reduction, an effort Manchin has demanded. While a substantial sum, that’s a small fraction of the trillions in cumulative deficits the government is projected to amass over the coming decade.
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Manchin strikes major deal with Schumer on climate, taxes and health careBREAKING: In an unexpected breakthrough, Sen. Joe Manchin announced he will support a bill that includes major investments to drive down drug prices as well as provisions to address climate change and taxes on the wealthy.
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Manchin, Schumer announce surprise 'Inflation Reduction' deal on energy and taxes | AutoblogSen. Joe Manchin and Sen. Chuck Schumer announced an agreement on 'The Inflation Reduction Act of 2022,' a deal meant to lower prescription drug costs, increase funding for climate change measures and raise taxes on corporations and top earners.
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Solar stocks jump as Schumer, Manchin announce climate spending dealThe bill would be the largest climate spending package in U.S. history.
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Manchin says deal reached with Schumer on tax and climate billIn an unexpected turnabout, Sen. Joe Manchin has announced that he has reached an expansive agreement with Senate Majority Leader Chuck Schumer on health care costs, energy and climate issues, taxing higher earners and large corporations and reducing federal debt.
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Joe Manchin says he has health, energy, tax deal with Chuck SchumerIn an unexpected turnabout, Sen. Joe Manchin has announced that he has reached an expansive agreement with Senate Majority Leader Chuck Schumer on health care costs, energy and climate issues, taxing higher earners and large corporations and reducing federal debt.
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Joe Manchin says he has health, energy, tax deal with Chuck SchumerIn an unexpected turnabout, Sen. Joe Manchin has announced that he has reached an expansive agreement with Senate Majority Leader Chuck Schumer on health care costs, energy and climate issues, taxing higher earners and large corporations and reducing federal debt.
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