Senate Democrats are expected to vote this weekend as the House begins a complex process to pass a $433 billion climate and spending package. Preparing to start a marathon session.
So-called "voting lamas" allow senators from both parties to make unlimited amendments to the final bill after the debate is over. Dozens have been proposed and will be voted on in an expedited session.
A vote is required under the rule of settlement, which allows Democrats to circumvent Republican filibusters and pass legislation with a simple majority.
Senate Democrats have been working for months to craft a bill that will get the support of all 50 members of Congress. A final agreement was reached this week, and lama voting is expected to begin Saturday night or early Sunday.
A vow to embarrass Democrats, potentially embarrassing votes ahead of November's grim midterm elections.
"What about the Llama vote? It's going to be hell," Sen. Lindsay Graham (R-SC) said at a news conference Thursday,Fox News.reported that "They deserve this."
The Democratic left can also pose a problem. Senator Bernie Sanders (I-Vermont) said he plans to offer a number of politically dangerous left-wing merch. That includes lowering the Medicare eligibility age to her 60.
Saunders does not impede overall passage, but the current The bill says it "does virtually nothing to address the enormous crisis facing working families." Reported by The Hill,
his $369 billion, the bulk of the new spending, will go to massive amounts of energy and climate action, including $62 billion in aid. Manufacture of solar panels, wind turbines, batteries, electric vehicles, processing of vital minerals. $60 billion for “environmental justice,” including projects in “underprivileged communities,” $30 billion for green energy projects by states and utilities, $27 billion for “clean energy technology accelerators,” which reduce emissions; $20 Billion to Support Change' Smart Farming Practices. "
An American looking to buy a new electric car can get a $7,500 tax credit and for a used car he can get a $4,000 credit.
The bill would pay programs his $764 billion to with new tax increases that are expected to reduce the deficit.
Revenue sources include a 15% minimum corporate tax, prescription drug pricing reforms, and a stronger IRS.
The bill's provisions must also be approved by Senator Elizabeth McDonough.
In Saturday morning's ruling, McDonough voted for most of the prescription drug reform plan. is kosher, but the part that would penalize drug companies with private insurance policies if they raise prices has been removed.
"This is a big win for the American people," Senate Majority Leader Chuck Schumer (D., New York) said in a statement, Politico reported. The overall program remains intact and is one step closer to finally challenging Big Pharma and lowering the price of her Rx drugs for millions of Americans.
Projected total revenue: approximately $764 billion
Set 15% minimum corporate tax — $258 billion
Prescription drug price reform — $288 billion
— $2,000 out-of-pocket cost to allow Medicare to negotiate prices and set caps
IRS tax increases — $125 billion
— $80 billion over 10 years to reach net revenue Spending dependent
New stock buyback tax — $73 billion
— 1% excise tax on corporate stock buybacks proposed by Sen. Kirsten Cinema
Fees for methane leaks — $20 billion
Total expected spending: $433 billion
Energy and climate: $369 billion
–$7. $5,000 tax credit for new electric vehicle buyers, $4,000 for used models
– $62 billion to support the production of solar panels, wind turbines, batteries, electric vehicles and to process vital minerals
– $60 billion for “environmental justice” in “underprivileged communities”
– $30 billion green energy projects by states and utilities
– $27 billion in “clean energy technology accelerators” to reduce emissions
– “climate smart” $20 billion to support agricultural practices
– $10 billion low-income home energy rebates and subsidies for affordable home renovation
– including $3 billion USPS electric vehicles $9 billion in federal clean energy purchases
– $7.6 billion in subsidies
Healthcare provided: $64 billion
– COVID-era Affordable Care Act subsidies through 2025 0 Yen private insurance premium that extends and allows people with incomes up to 150% of the poverty level to get health. High earners can cover her 8.5% of income
