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Here’s What’s in the Senate’s Tax and Energy Bill

  • Bill includes corporate taxes, energy credits, drug price cut
  • The legislation is poised for final passage in House
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U.S. Senate Passes Democrats’ Landmark Tax, Climate, Drugs Bill

The Senate passed Democrats’ landmark tax, climate and health-care 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.