Sens. Chuck Schumer and Joe Manchin rolled out a proposal this week that would raise an estimated $739 billion over the next decade for health care and climate change initiatives.
Strategas partner and director of research Dan Clifton calls out the Democrats' tax and spending spree on 'Kudlow.'
"This is the action the American people have been waiting for. This addresses the problems of today — high health care costs and overall inflation — as well as investments in our energy security for the future," Biden said in a statement. Democrats said the levy would affect around 200 of the country's largest corporations — with profits exceeding $1 billion — that pay less than the current 21% rate for businesses.
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Manchin and Schumer cut abrupt deal to hike taxes and spend on environment | New York PostIn an unexpected turn Wednesday, Sen. Joe Manchin and Majority Leader Chuck Schumer came to an agreement on legislation that would spend big on energy and cl...
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‘Getting Rolled’: McConnell Was Outfoxed With His Own PlaybookFor years, Democrats watched Mitch McConnell deploy ultra-partisan legislative tactics to outmaneuver them on everything from fiscal cliff negotiations to filling a SCOTUS seat. This week, Senate Republicans may have gotten a taste of their own medicine.
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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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What You Need To Know About The Manchin-Schumer Tax And Climate CompromiseThe measure, called the Inflation Reduction Act, includes major new spending and tax subsidies for energy production, a 15 percent minimum tax on the income large corporations report to their shareholders, and a substantial boost in IRS enforcement funding.
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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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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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