But thanks to Senator Kyrsten Sinema (D-AZ), there was a huge, last-minute win for the private equity and hedge fund industries
The U.S. Senate on Sunday barely passed a $430 billion bill intended to fight climate change, lower drug prices, and raise some corporate taxes. The 51-50 party-line vote needed Vice President Kamala Harris to cast the tie-breaking ballot.
The legislation, while falling far short of the ambitious $2.2 trillion Build Back Better Act that the House passed in November, still contains many provisions that progressives support. According to Public Citizen among its key achievements, the legislation will:Cap out-of-pocket costs for many people who need insulin.Support massive investments in renewable energy, the most far-reaching measures the U.S. has ever taken to address climate chaos.
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