New York

Sen. Schumer boasts big wins for the nation, New York in just-passed climate and spending package

Sen. Chuck Schumer (D-N.Y.) is hopping straight off the Acela for a red-eye victory lap.

Fresh off a big win on Capitol Hill, the powerful Democratic leader was set to boast of the legislative achievements forged during a rare weekend Senate all-nighter, including a massive investment in clean energy and lower prescription drug costs.

“Schumer will break down how this historic deal will touch every corner of New York, helping to lower costs for families who need it most, creating thousands of new clean energy manufacturing jobs, and more,” his spokesman said in a statement.

Schumer planned to lay out the benefits of the newly passed Inflation Reduction Act at a late morning press conference in midtown Manhattan.

Democrats jammed the $730 billion bill through the evenly divided Senate by a 51-50 vote, with Vice President Kamala Harris providing the crucial tie-breaking vote.

The bill, which was passed along party lines using the complicated reconciliation process, includes hundreds of billions of dollars to fight the impact of climate change. It also allows Medicare to negotiate the price of prescription drugs and forces most corporations to pay a minimum 15% income tax.

Schumer revived the bill by forging a surprise compromise with moderate Sen. Joe Manchin (D-W.V.), who had ostensibly killed it weeks earlier.

The bill is a slimmed-down version of President Biden’s Build Back Better plan, that was once valued at $3 trillion. It omits popular measures like universal pre-kindergarten, free community college and paid family leave that Manchin complained would cost too much and potentially drive up inflation.

But the new bill still will give Democrats a major boost heading into the midterm elections in November. Schumer is hoping to cling to control of the Senate even though Republicans are still heavily favored to take the House of Representatives.

Share this news on your Fb,Twitter and Whatsapp

File source

NY Press News:Latest News Headlines
NY Press News||Health||New York||USA News||Technology||World News

Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button