Домой United States USA — Political US Senate Democrats ready climate, spending bill for Saturday vote

US Senate Democrats ready climate, spending bill for Saturday vote

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US Democratic Senators were putting the finishing touches to a massive climate and spending package that they expect to pass on a party-line vote on Saturday to deliver a significant victory for President Joe Biden ahead of November’s mid-term elections.
With Arizona Senator Krysten Sinema falling in line, Senate Majority Leader Chuck Schumer, says he has all 50 Democratic votes to pass the so-called Inflation Reduction Act using a complicated legislative procedure that will start on Saturday, reports dpa news agency.
The 11th-hour tweaks include some tax changes demanded by Sinema to win her support after fellow moderate Joe Manchin of West Virginia, agreed to resurrect the $700 billion deal that was believed to be dead last week.
Schumer said he had to cave to Sinema’s insistence on cutting from the bill a provision to close a tax loophole that benefits hedge fund managers.
«She would not vote for the bill, not even move to proceed unless we took it out so we had no choice,» Schumer said, adding that Democrats replaced it with a tax on corporate stock buy-backs.
Democrats need all 50 of their senators and Vice President Kamala Harris’ tie-breaking vote to move the measure through the Senate over certain solid opposition from Republicans, who say the plan’s tax boosts and spending would worsen inflation and damage the economy.

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