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US Senate Democrats Promote $ 430 Billion Drugs and Energy Bill

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Reuters

Washington — US Senate Democrats embarked on one of President Joe Biden's most important tasks Saturday. These include tackling climate change, reducing energy and healthcare costs for the elderly, and forcing the wealthy to pay more taxes.

They said they would help the Senate and House by passing a $430 billion bill as the November 8th Congressional elections approach and inflation remains a top concern among voters. hopes to endorse the Democratic nominee for

"We feel pretty good," Senate Majority Leader Chuck Schumer said at a news conference on Friday. “For years, many people in Washington have promised to address some of the greatest challenges facing our country, but have failed to do so … This is a very, very, very big challenge.

Republicans have promised to do everything they can to block or block the bill, and Senator Lindsey Graham said Friday of the bill, " They call it jihad of taxing and spending.

But the Democrats are betting they can beat the Senate, which is split 50/50, using an arcane and complicated "settlement" process that passes without Republican support.

Senator Ron Wyden, chairman of the Finance Committee, said through a spokesperson that Democrats had the approval they needed to advance the energy portion of the bill overnight.

Nothing has yet been announced as to whether members of Congress in the Senate, the arbitrators who decide whether Democrats can pass bills in light of Republican dissent, have approved the health care provision.

'VOTE-A-RAMA'

Saturday kicked off an arduous process that could continue into early next week, with senators one after another I would suggest a fix. - Consume "Llama's Vote".

Progressive Democrats such as Bernie Sanders will likely seek to expand the bill's reach to include new programs such as federal subsidies for child care and home health care for the elderly.

Republicans have suggested introducing a number of amendments, citing another voter concern about immigrants coming across the southwestern border with Mexico.

The bill, he said, has three main parts, the first costing her $430 billion in new government investments, and the cost of her $740 billion in new revenues. brought. This includes a 15% minimum corporate tax rate, tougher IRS enforcement, and a new excise tax on share buybacks. Final price tag is subject to change.

In addition to billions of dollars to encourage the production and purchase of more electric vehicles and to promote clean energy, the bill would set up $4 billion in a new federal drought relief fund. It's a schedule. The latter is a move that could help the re-election campaigns of Democratic Senators Katherine Cortez Mast of Nevada and Mark Kelly of Arizona. (Reporting by Richard Cowan, Editing by Scott Malone and Andrew Heavens)