Page 22 - 369 Billion News Today

This is the one thing on their agenda. we expect them to begin debating the bill around 11:00 a.m. and then things flow from there. about three hours of debate, and then they will do final passage on this bill. all expectations are it goes smoothly on the democratic side. they have democrats all lined up, it is not going to be a problem in terms of getting this over the finish line. it is possible that the republicans do some procedural things to kind of muck things up and slow it down. but ulti...

Initiative and investment that weve seen come out of congress ever. $369 billion. theres also healthcare provisions in there that would extend the affordable care act subsidies by three years. it would cap out-of-pocket medicare expenses at $2,000. and also allow for the first time medicare to negotiate some drug prices. theres also some tax provisions in there, how theyre going to pay for all of this. chief among them, this corporate minimum tax that sits at 15%. so thats kind of a broad stroke...

Negotiation which stalled and derailed several times finally reached a destination. >> the motion is adopted. >> reporter: the u.s. house sending nearly three-quarters of a trillion dollar spending plan to president bidens desk. >> im proud to support the bill because it delivers for the american people. >> reporter: its also the largest climate change relation in u.s. history. $369 billion for clean energy programs including tax credits for those who buy electric cars or make energy efficient u...

For president. this isnt how you settle it. you settle it at the ballot box. you dont use federal agencies to go after people that you disagree with. and thats what is alarming. again, i think a lot of people in america want these questions answered and right now the silence is deafening. >> steve: we do need a lot of answers. you are absolutely right. >> brian: this week, tomorrow, we are going to find out if the deficit reduction act which is not deficit reduction. >> steve: inflation. >> bria...

Dame olivia newton—john who has died at the age of 73. in whats billed as the biggest—ever investment by the us government to tackle climate change, president biden has won the backing of the senate to spend $369 billion so that america can achieve its target on reducing emissions. the money includes tax breaks for consumers who buy electric vehicles and cash for communities hardest hit by fossil—fuel pollution. its all meant to reduce us emissions of c02, by as much as a0%, by the end of ...

Happening now, vice president harris just broke a 50-50 senate tie to open up debate on democrats sweeping health care, climate change and tax bill. it could last up to 20 hours, and the bill includes the countrys largest ever investment to combat climate change. it earmarks $369 billion to cut carbon emissions by 40% by 2030. separately medicare could be allowed to negotiate some prescription drug prices and cap out out-of-pocket expenses. affordable care act subsidies would also be extended fo...

Bill. that is also very important. $369 billion on climate programs that include tax credits for electric vehicles. to make your homes more energy efficient. it also extends the obamacare subsidy which is politically important for democrats. that was going away in january. people would be finding out about that right around the midterm election. so they really wanted to push that through. it also allows medicare to negotiate the cost of prescription drugs down. the cbo came out said that could a...

Back with us now is white house natural climate adviser gina mccarthy. hopefully you can hear me now. thank you so much for joining us this evening. as i asked you before, what are the benefits of this bill? how is it going to help save the planet? >> well, pamela, there are so many benefits of this bill. i know they say that good things take time. this took time. this is an absolute historic investment in climate change, in clean energy, in growing jobs, in saving communities money and consumer...

Convoluted procedural process which allows passage with a simple majority. >> heres a snapshot of whats in the legislation. it includes $369 billion to combat climate change. it gives medicare the ability to negotiate some drug prices, caps medicare out-of-pocket costs at $2,000 and extended the affordable care act subsidies for three years. >> melanie zanona joins us with more. can you update us on where things stand right now? >> yeah. so the timing of all of this is still very much in flux. w...

Closer to a major climate bill. that bill has passed a key hurdle in kyrsten sinema, who supports the legislation. her support is essential as democrats push for passage of the legislation, after what we will call a convoluted procedural process. >> heres a snapshot of what is in the bill. it includes $369 billion to combat climate change, which is the largest investment in u.s. history. it gives medicare the power to negotiate some drug prices. it caps medicare out-of-pocket expenses at $2 mill...