Senate Democrats this week are looking to press ahead with the multi-trillion dollar climate, taxes and health care package announced last week — and crossing their fingers that Sen. Kyrsten Sinema (D-Ariz.) signs on.
The Senate is set to break for recess on Friday, giving lawmakers little time to get Sinema on board and bring the multi-trillion dollar spending bill over the finish line. The Arizona Democrat — whose support is needed to clear the package through budget reco...
Senate
Toomey says Manchin-Schumer deal is ‘gimmick’ with ‘very dubious’ projections
Sen. Pat Toomey (R-Pa.) on Sunday cast doubt on Democrats’ claims that a newly announced climate, health care and tax package would reduce the deficit and inflation, instead calling its cost projections a “gimmick.”
During an appearance on CBS’s “Face the Nation” with guest moderator John Dickerson, Toomey said the projected revenues from tax changes will be accrued over 10 years, while the projected expenses assume the package’s health care subsidy extension will ultimately e...
Toomey says ‘Joe Manchin has been taken to the cleaners’ on climate deal
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Manchin says Sinema not involved in bill talks because he ‘didn’t think it would come to fruition’
Sen. Joe Manchin (D-W.Va.) on Sunday said the reason lawmakers such as Sen. Kyrsten Sinema (D-Ariz.) were not brought into negotiations on a climate, health care and taxes deal that he struck with Senate Majority Leader Charles Schumer (D-N.Y.) was that he feared it wouldn't come to "fruition."
The deal would require the support of all 50 Senate Democrats, placing Sinema, who was not involved in the behind-the-scenes negotiations, in close scrutiny until she announces a positi...
Manchin-Schumer bill could bring down the deficit. Inflation — that’s debatable
Senate Democrats are plowing forward with a sprawling tax reform and revenue plan that advances key pieces of President Biden’s legislative agenda, including tax provisions long sought by the party to help front investments in health care and climate.
Democrats say the new bill, dubbed the Inflation Reduction Act, aims to live up to its name and fight inflation, in part, by reducing the deficit.
And some experts agree that the measure could be...
Inside the secret Manchin-Schumer deal: Dems shocked, GOP feels betrayed
West Virginia Sen. Joe Manchin (R-W.Va.) and Senate Majority Leader Charles Schumer (D-N.Y.) reached their agreement on a major tax and climate package Tuesday evening but kept it a closely-guard secret — giving Democrats just enough time to pass a $280 billion chips and science bill that Republicans would have otherwise blocked.
The announcement of the deal, which would raise $739 billion in new tax revenue, fund an array of new climate provisions and pay down $300 bil...
McConnell warns Democratic tax deal will ‘kill many thousands of American jobs’
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Schumer, Manchin agree on billions of dollars for electric vehicles, solar panels and other clean-energy priorities
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Sanders says Democrats’ prescription drug reform bill is ‘weak’
Senate Budget Committee Chairman Bernie Sanders (I-Vt.) said Tuesday that the prescription drug reform proposal that Democrats plan to move under special budget reconciliation rules is “weak,” noting it covers a limited number of drugs and doesn’t substantially take effect until 2026.
Sanders is the latest member of the Senate Democratic caucus to voice disappointment with the long-awaited budget reconciliation bill, which will not include provisions to tackle climate change...
Democratic Finance chair floats longer ObamaCare extension, IRS enforcement
Senate Finance Committee Chairman Ron Wyden (D-Ore.) on Tuesday said he is calling for a longer extension of enhanced ObamaCare financial assistance, and floated increased IRS tax enforcement as a potential way to pay for it.
Wyden told reporters that he is pushing for "the longest possible premium relief for people."
The party-line health care measure that Democrats are preparing was recently expected to have just a two-year extension of the enhanced subsidies...