Page 23 - 369 Billion News Today

Bill? >> yeah. so she was the last remaining democratic holdout. what they did was offer her a number of concessions. they agreed to move the carry provision, increased the drought provision, and also added a 1% excise tax on stock buybacks. with that the final bill has taken shape and includes a historic investment of climate change. as you mentioned, $369 billion. going to cap out-of-pocket prescription drug prices at $2,000, and its going to expand these expiring obamacare subsidies that were...

While. senator joe manchin had indicated he wouldnt support the climate provisions or the tax provisions that are in here. so senate democrats are excited to get this home before august recess. so those who are running for re-election could talk about this. >> a big turn around. and yes to a long day and yes to a long night too. >> that is right. >> thank you so much. so how far will this bill actually go to address the climate crisis? for that, lets bring in kim cobb, the director of the inst...

Theres plenty going on at home, but were going to be r gin a crucial test. voting is set today on the major economic and climate bill. the bill has the support of arizona senator kyrsten sinema who demanded several changes to the tax provisions, which she got. support is essential as senators pushed for passage under what we call a convoluted procedural passage. >> heres a snapshot. it includes $369 billion to combat climate change, the largest investment in u.s. history. it also gives medicare ...

Is a long day and evening and well keep an any on it as we move along. >> eat your wheaties and pace yourself. it is a long day. i hope you have comfortable shoes too. that is a must on capitol hill. >> a must, yes. >> very good. and in that live shot earlier, the lady in blue was senator tammy baldwin. we spoke with her last hour, shes leading this process today. all right. so, so far no republicans have expres expressed support for the inflation reduction act even though it includes some provi...

>> the bill includes $369 billion to combat climate change, largest in u.s. history. it gives medicare the power to negotiate some drug prices. it caps medicare out-of-pocket expenses at $2,000 and extended affordable care act subsidies for three years. >> white house reporter kevin livtak looks at what it means. jess, i want to start with you because we have news breaking in the last five to ten minutes, which i think is a good harbinger for your next few days at the capitol, where do things st...

Sanders said the bill does not go far enough, what does that mean? >> he represents the further left of the democratic party and wrangling all 50 of the democratic senators has been no small fete, getting senator manchin and kyrsten sinema on board. ultimately we believe this bill will move forward, the question is when. this is a very, very lengthy, complex, tedious process theyre using, a specific budget process theyre using to get it through. let me tell you about whats in the bill, a lot of ...

Senator kyrsten sinema through president bidens agenda a major lifeline, offering support for the inflation reduction act after parties agreed to change tax proposals at her request. if this passes, the bill would provide $369 billion to combat climate change. it gives medicare the power to negotiate prescription drug prices and cap out of pocket costs and extends affordable care act subsidies for three years. it could pass the chamber tomorrow before moving to the house for final passage. senat...

From the dead, build back better, okay? senate democrats are now pushing forward with a deal to fight climate change, and lower rising health care costs. i am talking about the inflation production act. pieced together behind closed doors between west virginia senator, joe manchin, and other democrats, this legislation will lower prescription drug costs, tax corporations, and reduce the deficit. then, there is the historic 369 billion dollar investment in the fight against climate change. now, t...

Really helps the entire world. if you look at solano, over the last ten years, it is dropped over 90%. wind has dropped 80%. these are huge benefits of these kinds of government incentives. >> thats if you can talk about the specifics of the reconciliation deal. there are big investments, as were just saying on climate change, on prescription drug pricing. walk me through some of the specific contours of the reconciliation bill that you think are important to highlight. >> i think, again, 369 bi...

Think are important to highlight. >> i think, again, 369 billion dollars to address climate rescue is huge. there is no interviewing dollars to reduce the deficit. people talk about inflation, one way to address that is to go at the deficit. you will have 100 billion dollars towards renewable resources energy, $10 million to help working families get rooftop solar or cheap pumps in their houses, help them afford electric vehicles. this is really the first comprehensive step to going acclimates i...