The US Senate continues to pay with Biden’s $430 billion local weather and well being invoice

After 18 months, a possible victory for Joe Biden’s social climate reform bill seems within reach. Senate Democrats on Saturday wanted to advance a bill that would address key elements of the president’s agenda, tackling climate change, cutting energy bills and citizens’ senior drug use, and forcing the wealthy to pay more in taxes.

Senate lawmakers ruled that Assad’s part of the $430 billion bill can be passed with just a simple majority. Bypassing the stall rule requires 60 votes in 100 seats to advance most legislation and authorize Democrats to enact it. They over Republican objections, Majority Leader Chuck Schumer said in an approval.

Democrats are hoping the legislation will sway their candidates in the Nov. 8 midterm election in Who is Biden? party, he is in an uphill battle To maintain tight control of the Senate and House of Representatives.

“The Democrats have received too well,” Schumer said in a statement. “Medical Care is finally allowed to negotiate drug prices… This is a great victory for the American people. “

Medicare is a government health insurance program for people over the age of 65.

There are three main parts to the bill: a minimum 15% corporate tax, stricter IRS application, and a new stock buyback tax. The law provides for $430 billion in new spending and $740 billion in additional revenue.

In addition to billions of dollars to encourage the production and purchase of more electric vehicles and to promote clean energy, the bill provides $4 billion in new federal drought relief funds. The latter may help the re-election campaigns of Democratic Senator Catherine Cortez Masto in Nevada and Mark Kelly in Arizona.

Republicans have vowed to do whatever they can to block or stop the law, with Sen. Lindsey Graham describing the legislation on Friday: “This jihad is on for taxes and spending. “

Democrats aim to get the bill through the Senate through a mysterious and complicated process. A “reconciliation” procedure allows passage without Republican support.

A clause in the bill would have been removed, forcing drug companies to pay back government and private health plan money if drug prices rise faster than inflation. The Senate ruling, described as parliamentary, states that this measure cannot apply to the private sector.

Saturday begins. It’s a lengthy process that could be dragged out early next week as senators waste time tabling amendments one by one. “

Left-wing senators like Bernie Sanders are likely to expand the scope of the bill to include new programs such as federal grants for child care or home health care for the elderly. Republicans have indicated they will make too many impressive edits on other issues, namely immigrants crossing the US-Mexico border.

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