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Bernie Sanders says a big tax break for the wealthy is out of the Biden spending bill, triggering pushback from moderates threatening to derail the entire package

4 monthes ago   |   By Business Insider

Sen. Bernie Sanders of Vermont. Anna Moneymaker/Getty Images
Sanders indicated on Wednesday that a big tax handout to the rich was getting dropped.
But other Democrats pushed back and said "not so fast."
At least three House Democrats are threatening to oppose Build Back Better if SALT is scrapped.
Sen. Bernie Sanders of Vermont said Wednesday that a big tax break for the wealthy was out of Democrats' Build Back Better plan, and almost immediately triggered a wave of resistance from moderates who argued the issue was far from settled. The issue at hand is the $10,000 limit on the amount of...
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Joe Manchin says 'there's a lot of areas in climate' spending that he can strike a deal on as Democrats begin revisiting the stalled Build Back Better spending bill

4 monthes ago   |   By Business Insider

Sen. Dick Durbin speaks with Sen. Joe Manchin on Capitol Hill. Drew Angerer/Getty Images
Manchin said in a recent interview with Newsy that a deal could be struck on climate spending provisions.
Biden has also said he believes an agreement is within reach on $500 billion in new climate initiatives.
Democrats are beginning to revisit Build Back Better after Manchin torpedoed it a month ago.
Investments in the climate might be the easiest thing Sen. Joe Manchin and his Democratic colleagues can agree on when it comes to President Joe Biden's stalled $2 trillion social and climate spending...
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