Senate Passes Democrats’ Climate, Healthcare and Tax Bill
The legislation, which passed the Senate 51-50 on Sunday with a tiebreaking vote by Vice President
Kamala Harris,
offers tax incentives for reducing carbon emissions, seeks to allow Medicare to negotiate the price of some prescription drugs, allots roughly $80 billion to the Internal Revenue Service and extends subsidies for health insurance under the Affordable Care Act.
Along with a new 15% corporate minimum tax, it creates a 1% excise tax on companies’ stock…