WASHINGTON — U.S. Senate Democrats, over uniform Republican opposition, Sunday approved sweeping legislation to combat climate change, trim health care costs and raise taxes on highly profitable corporations. The measure, a scaled-down version of President Joe Biden’s long-stalled economic legislative plan, was narrowly approved 51-50, with the tie-breaking vote cast by Vice President Kamala Harris after […]
“Our democracy is broken when one man who profits from the fossil fuel industry can defy the 81 million Americans who voted for Democrats to stop the climate crisis.” Sen. Joe Manchin of West Virginia informed Democratic leaders Thursday that he will not support any new climate spending or tax increases targeting the wealthy and large […]
One watchdog group slammed Republicans for “choosing to sabotage the United States’ ability to tax corporations effectively and conspire with foreign governments.” News that GOP members of Congress are coordinating with the far-right Hungarian government in an attempt to block a proposed global minimum tax on multinational companies is drawing outrage from watchdog groups and Democratic […]
“It’s time for the president to demand that Congress pass a windfall profits tax on Big Oil and use the revenue to provide rebates to consumers NOW!” wrote Sen. Bernie Sanders. ExxonMobil indicated in a securities filing submitted just ahead of the holiday weekend that its profits doubled in the second quarter of 2022 compared to the first […]