Page 194 - Schumer News Today

That says this completely rearranges the legislative and political outlook in washington. >> reporter: thats right. absolutely, john. this is certainly a major breakthrough for democrats on some key pieces of bidens agenda that frankly did seem dead even just a few weeks ago. now, manchin and schumer announcing the big contours of his deal that would provide major investments, $369 billion worth of investments in energy and health care. it sets the goal to reduce carbon emissions by 40% by 2030,...

Achievement. this spans from electric vehicle tax credits to environmental justice communities. and it would also allow medicare to continue negotiating drug prices and extend affordable care act subsidies and also to raise the revenue to pay for this packpackage, it would impo 15% minimum tax on corporations which would raise $313 billion over a decade. this is a major achievement that no one saw coming especially just after earlier this month these negotiations on climate provisions between sc...

I think that this is a very, very major step forward if we can get it done and i believe we can, i believe that theres a real deal here. you know, look, its difficult because its been a year of negotiations, one step forward, four steps back, but i think we are now very, very close, and every single one of the things thats in this bill is actually a major accomplishment, will help americans bring costs down, will ensure that were protecting the planet for our next generation and we will make sur...

Let me finish. by the way, your lips to gods ears and joe biden running again. on the inflation piece now they will spend another half trillion. it will make inflation worse. everything they are coming up with is making it harder for joe lunch bucket to do what he needs to take care of himself and his family. >> or jane lunch bucket. jose, i will split the difference. one on the schumer/manchin bill, a billion dollars for electric garbage trucks and buses, a billion. but matt schlapp on the othe...

A US Democratic senator who has proved a political thorn in the White House's side has stunned Washington by announcing sudden support for President Joe Biden's top agenda item.

Negotiate drug prices. this is a first in u.s. history. extend expiring obamacare subsidies for three years and set a 15% corporate minimum tax. joining me now is the white house communications director kate bedingfield. thank you so much for being with us. what role did president biden play in this deal? >> well, remember, these are some of the core things that president biden campaigned on in 2020, these are things that he promised to make progress on when he asked the american people for his ...

Senator mcconnell and other republicans have made clear that they would oppose. and very quickly, rapid succession, you start to see house republicans saying they will oppose that chips bill. so those are some of the roadblocks we talked about. how will that then square with the momentum behind this climate and tax bill that manchin and schumer have now agreed to, also there is a question mark still about senator sinema, who also has been a holdout in these negotiations and we still havent heard...

Would give his eye teeth to have donald trumps numbers slirt with republicans. he is the most popular republican in the country and wins the straw polls. well have the straw poll in texas. he will dominate. thats the way it is. republicans make the mistake when they make it about joe biden. joe biden is an accidental president who got the nomination because barack obama intervened and got everybody out of the race. mark zuckerberg spent $417 million to fortify the election so lets put him off to...

Schumer ultimately cut. but the question is do they have the votes? theyll have to get it together by next week. that is the goal in the senate. then the question is the house. can they get it done by august? optimism in the democratic circles but not there yet. >> house gop leaders are whipping against that bill that you mentioned by bipartisan vote in the senate. can they block it? >> reporter: at this point, it appears unlikely. both democrat and republican sources are indicating to me that t...

Bringing down costs for families, and putting the country on a sounder economic footing. >> so youve described this bill as manchin and schumer as anti-inflationary. the fed has been doing some anti-inflationary activities this week. you warned that jerome powell shouldnt raise rates again, but he did today. d another historic rise. how worried you are now of the prospect of interest rise reducedpr recession in the comi weeks or months? >> im very worried. and the reason im worried is that using...