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The Latest Breaking News from Chuck Schumer

What Is The Stock Buyback Tax? What To Know About The Biden/Manchin/Sinema Compromise

With the support of Senator Kyrsten Sinema, Democrat lawmakers were able to secure sufficient votes for a new tax that will be introduced as part of the Inflation Reduction Act of 2022.

Benzinga

Drug price bill pruned by Senate arbiter in partial industry win

Medicare was cleared to negotiate drug prices for the first time by the Senate’s top rules official, though the Democrats’ proposal intended to cap price increases for prescription drugs in the commercial market was blocked.

Tribune News Service

Drug price bill pruned in Senate in partial industry win

Tribune News Service

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Senate parliamentarian kills key part of Democrats’ prescription drug plan in the Inflation Reduction Act

The plan would cause manufacturers to rebate Medicare if they increased drug prices higher than inflation.

The Independent UK

Texas Democrats in Congress balance climate concerns and fossil fuel constituencies as they consider landmark bill

The handful of Texas Democrats who have a penchant for defending the state’s oil and gas industry includes members of the powerful House Energy and Commerce Committee and representatives from some of the top oil producing, refining and transporting regions of the state.

The Texas Tribune

The Senate is moving ahead on Democrats' sweeping health, climate and tax bill

The wide-ranging legislation targets climate change, health care costs and taxes. Majority Leader Chuck Schumer kicked off floor debate on Saturday evening.

WEKU

Sinema gives her nod, and influence, to Democrats' big bill

Sen. Joe Manchin sealed the deal reviving President Joe Biden’s big economic, health care and climate bill

The Independent UK

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Senate Democrats iron out details as they ready climate and spending bill for a Saturday vote

Democrats were putting the finishing touches Friday on a massive climate and spending package that they expect to pass on a party-line vote to deliver a significant political victory for President Joe Biden ahead of the midterm elections.

Tribune News Service

The Senate has a climate deal. Now comes the hard part

After decades of inaction on the climate crisis, the federal government is on the verge of enacting a sweeping plan to slash planet-warming pollution, with Arizona Sen. Kyrsten Sinema agreeing late Thursday to support the bill.

Los Angeles Times

Dems change some tax provisions as they ready economic bill

Senate Majority Leader Chuck Schumer says Democrats have made changes in their giant economic bill that include paring part of their proposed minimum tax on huge corporations

The Independent UK

Sinema used leverage to help rich donors

Sinema used her power to cut a tax on hedge funds and scale back another tax on big corporations

Salon

Democrats secure breakthrough with Kyrsten Sinema on climate bill

The Arizona senator said she had agreed to last-minute changes on the measure’s tax and energy provisions

The Guardian - US

Ramesh Ponnuru: The Democrats are taking Joe Manchin for a ride

In the week since he reached a deal with Senate majority leader Chuck Schumer on the “Inflation Reduction Act,” Sen. Joe Manchin has been everywhere promoting it. One of the West Virginia Democrat’s top selling points is the promise to speed up permitting for U.S. energy production.

Tribune News Service

Democrats finally reach deal with Sinema to help pass sweeping climate bill

Bill needed Sinema’s nod as Democrats could not risk losing support from even a single lawmaker

The Independent UK

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WEKU

Sinema says she will move forward with Senate Democrats' climate, health and tax bill

The Arizona senator said she will move forward with the Inflation Reduction Act after Democrats reached an agreement to remove a carried interest tax provision.

Chicago Sun-Times

Enact historic bill to fight climate change to benefit America — and Illinois

More so than most other states, Illinois has projects on tap that are more than shovel-ready and primed for federal dollars.

WEKU

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

The Independent UK

Dems consider changes to economic bill, weekend votes ahead

Democrats are considering reshaping their economic bill's proposed taxes on the wealthy and huge corporations, and possibly adding billions for the West’s historic drought

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The Independent UK

Surprise Senate vote would overturn Biden environmental rule

In a surprise victory for Republicans, the Senate on Thursday voted to overturn a Biden administration rule requiring rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells — a victory enabled in part by Democratic Sen. Joe Manchin of West Virginia

The Independent UK

Schumer announces Senate vote for major climate and healthcare bill on Saturday

The motion to proceed tees up the final vote for Democrats’ climate and health care.

Salon

Sinema fights to save tax cut for rich

Sinema, who got $2 million in Wall Street donations, met with leading opponents at the Arizona Chamber of Commerce

The Guardian - US

On the chopping block? Ron Johnson denies threatening social security

Spokesman for Wisconsin senator targeted by Democrats in midterms says he is not trying to end spending on key programs

Al Jazeera

US Senate ratifies Finland and Sweden’s NATO accession

Senate votes 95 to 1 in favour of Finland and Sweden joining NATO, with the US the 23rd of 30 member states to approve.

WEKU

U.S. Senate approves Finland and Sweden for membership into NATO

Wednesday's vote for the candidacy of two Western European nations took a crucial step toward expansion of the North Atlantic Treaty Organization.

Tribune News Service

‘An unmistakable message.’ Kansas’ vote for abortion rights sends ripples nationwide

Kansas’ strong vote in favor of abortion rights – coming in a state long dominated by Republicans – has Democrats and abortion rights supporters ready to go on the offensive in the November election, encouraged by an unexpectedly commanding victory.

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