After a year of negotiations on President Joe Biden's domestic agenda, Democrats passed legislation tackling climate, taxes and health care.
, measures to reduce prescription drug prices and a tax overhaul to ensure large corporations pay income taxes. Every Democrat voted in support and every Republican against the measure.Senate Majority Leader Chuck Schumer, D-N.Y., called the bill a"defining legislative feat of the 21st century" and"the boldest climate package in U.S. history" on the Senate floor before the final vote.
The bill – initially negotiated by Schumer and Sen. Joe Manchin, D-W.Va. – tackles long-standing liberal priorities. The bill would allow Medicare to negotiate prescription drug prices – long opposed by the pharmaceutical industry – and extend Affordable Care Act subsidies three more years through 2025. To address climate change, the bill includes $10 billion in tax credits to build electric vehicles, solar panels and wind turbines; $7,500 tax credit rebates for consumers to buy electric vehicles; and $9 billion for energy-efficient home retrofits for low-income Americans.
The bill didn't pass unscathed: Republicans stripped a $35 monthly cap on insulin co-pays via amendment, arguing the provision violated procedural rules. Seven Republicans sided with Democrats to try to keep the measure in place: Sens. Bill Cassidy of Louisiana, Susan Collins of Maine, Josh Hawley of Missouri, Cindy Hyde-Smith of Mississippi, Sen. John Kennedy of Louisiana, Lisa Murkowski of Alaska and Dan Sullivan of Alaska.
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