President Biden took office in 2021 with an aggressive agenda of new programs he hoped to enact, along with a slew of tax increases to pay for them and make the tax system “fairer.” Biden has only got...
Tag: democrats
Landmark Climate Bill Could Help Boost Struggling Nuclear Plants—Here’s Why
Topline Nuclear plants could see their bottom lines improve thanks to a new tax credit in the massive climate, health care and deficit reduction package passed by the Senate this weekend—a potential l...
Better Solutions For Rx Problems
Price controls could mean 135 fewer new drugs in the next two decades. Corbis via Getty Images The reconciliation bill Democrats in Congress are about to pass will impose price controls on prescriptio...
Winners and Losers In Democrats’ Signature Tax and Energy Bill
(Bloomberg) — President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. Most Read fro...
Senate GOP Blocks Insulin Price Cap For Private Insurance As Democrats Aim To Pass Economic Bill
Topline The Senate has spent more than 12 hours debating amendments to the $430 billion Inflation Reduction Act, a landmark climate, tax and healthcare bill Democrats aim to pass Sunday afternoon usin...
Democrats’ Bill Would Allow Auto Dealers To Claim Clean Vehicle Tax Credits
Democrats’ new clean energy package would allow auto dealers to collect the electric vehicle tax … [+] credit directly. getty The recently proposed Congressional Inflation Reduction Act of...
‘We expect it to be removed’: Democrats’ push to close ‘carried interest loophole’ in jeopardy as Sinema seeks to block effort
Sen. Kyrsten Sinema has signaled her opposition to closing a controversial tax loophole that allows carried interest to be taxed as capital gains instead of income, according to multiple reports. As a...
Senate Democrats just proposed $21 billion in new COVID-19 funding — here are 3 healthcare stocks that could stand to gain
Senate Democrats just proposed $21 billion in new COVID-19 funding — here are 3 healthcare stocks that could stand to gain The healthcare sector received a lot of investor attention during the early d...
Democrats at Odds Over EV Tax Credit in Manchin-Schumer Bill
(Bloomberg) — Michigan Democratic Senator Debbie Stabenow is pushing for last-minute changes to stringent new electric-vehicle tax-credit limits in her party’s tax and spending deal amid a press...
Cost of Democrats’ Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class
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How Democrats’ New Budget Deal Boosts Tax Credits For Renewable Electricity Production
PALM SPRINGS, CALIFORNIA – FEBRUARY 27, 2019: Wind turbines generate electricity at the San Gorgonio … [+] Pass Wind Farm near Palm Springs, California. Located in the windy gap between So...
Opponents Of Joe Manchin’s Permitting Reform Demonstrate Why We Need Permitting Reform
A flag protesting nuclear power during a rally in favor of tougher pollution restrictions outside an … [+] Environmental Protection Agency hearing, Tuesday, July 29, 2014, in Atlanta. Copyright ...
House Sends Assault Weapons Ban To Senate—Where It’s Likely To Fail
Topline The House of Representatives passed an assault weapons ban Friday just before the summer recess, though it’s expected to be purely symbolic, as it has little chance of passing the Senate. Hous...
House Democrats push for Biden’s billionaire minimum income tax
Erik McGregor | LightRocket | Getty Images As Democrats plow forward with a slimmed-down reconciliation package, House lawmakers are separately pushing another piece of President Joe Biden‘s age...
Bill Ackman slams carried interest ‘loophole’ as Democrats take aim at tax rule
Washington Democrats may have found an unlikely ally in their bid to end a long time tax rule enjoyed by some of Wall Street’s richest executives: hedge fund billionaire Bill Ackman. The Pershing Squa...
Senator Joe Manchin just reached a deal with Democrats that includes $369 billion in climate spending — and solar stocks are on fire
Stunning reversal: Senator Joe Manchin just reached a deal with Democrats that includes $369 billion in climate spending — and solar stocks are on fire If you think the stock market’s recent sideways ...
Inflation Reduction Act: What to Know About the Democrats’ Latest Economic Package
The bill Sen. Joe Manchin (D-W.Va.) and Majority Leader Chuck Schumer agreed to aims to address climate change, healthcare, taxes, and more. Photo by Kevin Dietsch/Getty Images Text size Build Back Be...
Here’s what’s in, and out, of Democrats’ $739 billion inflation-fighting package
WASHINGTON — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer,...
Hulu Will Allow Political Issue Ads After All, Disney Says After Democrats Slam Policy
Topline Hulu will now air political ads about issues like abortion and gun control, parent company Disney said Wednesday, reversing a previous policy that prohibited ads dealing with “sensitive” polit...
Democrats Seek Probe on Use of Crypto
House Democrat asks watchdog for data on crypto in 401(k)s Experts are concerned about the volatility of the space and do not want people to purchase crypto Lawmakers are divided on how to regulate cr...
Democrats Need To Stop Hating On Joe Manchin
SUN VALLEY, IDAHO – JULY 07: U.S. Sen. Joe Manchin (D-WV) walks to a morning session during the … [+] Allen & Company Sun Valley Conference on July 07, 2022 in Sun Valley, Idaho. (Phot...
Universal Free School Lunches Will End Soon After Cuts To Pandemic-Era Spending
Topline Universal access to free school lunches will come to an end in the coming weeks, after expanded federal funding passed during the early part of the pandemic was not renewed in the latest spend...
Congress To Ponder How To Deal With Long-Time Undocumented Immigrants
Ten million undocumented immigrants pose a challenge to U.S. immigration. How are we to deal with … [+] them? (Photo by: Joe Sohm/Visions of America/Universal Images Group via Getty Images) Univ...
New York Judge Orders Rudy Giuliani To Testify Before Georgia Grand Jury Investigating Trump
Topline A New York Supreme Court judge Wednesday ordered Rudy Giuliani, a former personal lawyer of former President Donald Trump, to testify next month before a Fulton County, Ga., grand jury that is...
Democrats Demanded More Info From Crypto Mining Companies, Wrote Letter
Crypto mining companies are making a major impact on climate change that calls for government intervention—Democratic lawmakers. On Friday, several United States Senators and Congress members wrote a ...
US Democrats Call for Crypto Mining Crackdown in Letter to Regulators
Democrats in Congress have called on two federal agencies to take action on Bitcoin mining, citing increased energy consumption. The senators voiced concerns over the increasing energy usage of the cr...
House, Senate Democrats push regulators to demand data from Bitcoin miners
A group of Congress members including US Sen. Elizabeth Warren and US Rep. Jared Huffman sent a letter to the Department of Energy (DOE) and Environmental Protection Agency (EPA) Friday asking regulat...
Democrats See Boost In Midterm Support After Roe. V. Wade Ruling, Poll Suggests
Topline Republicans and Democrats are in dead heat for control of Congress in November, a new poll from New York Times/Siena College suggests, a sign Democrats may have picked up support from the Supr...
Senate Democrats Criticize Biden Administration’s Probe Of Palestinian Journalist’s Death
Topline A group of Democratic senators criticized a U.S.-led review of Palestinian-American journalist Shireen Abu Akleh’s death, arguing the probe—which didn’t definitively conclude who killed Abu Ak...
Biden Weighs Public Health Emergency For Abortion Access—Here’s What That Means
Topline President Joe Biden said Sunday he has asked his staff to see if he “has the authority” to declare a public health emergency to address abortion access, a move that could release additional fu...