Business Standard

Friday, December 20, 2024 | 11:30 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Here's what to expect from Senate's tax, climate and healthcare bill

After more than a year of stop-and-start negotiations, Democrats on Sunday agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit

US govt shuts down: Trump marks Year One as Budget plan fails in Senate
Premium

Photo: Reuters

Laura Davison | Bloomberg
The Senate passed Democrats’ landmark tax, climate and healthcare bill, setting up the legislation for House approval and President Joe Biden’s signature.
 
After more than a year of stop-and-start negotiations, Democrats on Sunday agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit, paid for by new corporate taxes. The legislation is far from the roughly $4 trillion to reshape the American economy that Biden first envisioned when taking office, but the bill still gives Democrats something to show voters ahead of the November mid-term elections.

Here are the highlights of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in