back better agenda to efforts to fight climate change, to attempt that filibuster reform, to taxing billionaires. joe manchin is made himself the man standing the democratic agenda yelling, stop. tonight may have just had a major breakthrough. the top democrat in the senate, chuck schumer released a joint statement with senator manchin saying the west virginia democrat will now support, not oppose, but yes, support the democrats big new budget deal. despite objecting to it just two weeks ago. now, we don t have all the details yet. but a one page summary says that the deal will make progress in some pretty big areas, including a 15% minimum tax on corporations, along with other unnamed provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. increase clean energy product
democrats big new budget deal. despite objecting to it just two weeks ago. now, we don t have all the details yet. but he one page summary says that the deal will make progress in some pretty big areas, including a 15% minimum tax on corporations, along with other unnamed provisions to make the ultra wealthy pay their fair share of tax. lowering affordable care act premiums for millions of americans, allowing medicare to negotiate the price of prescription drugs, something democrats have been trying to achieve for over a decade. increase clean energy production and, this is a big one, decreasing carbon emissions by 40% over the next eight years. which of course would be huge. it s already been called the biggest climate bill in american history. tonight, senator schumer s office has released the text of the bill. it clarkson at 725 pages. obviously this is not a done deal yet. reactions from other democratic members of congress have range from cautious optimism to outright fr
this week, may just go down as one of the best weeks of joe biden s presidency to date. let s start with the economy, today, we got a truly stunning jobs report for july, u.s. employers added 528,000 jobs, more than doubling projections. and the unemployment rate, it fell to 3.5%. the last time the unemployment rate was that low was in 1969. 53 whole years ago. the economy is now recovered all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. we re almost had 10 million jobs. almost a 10 million jobs since i took office. that s the fastest job growth in history. today, there are more people working in america than before the pandemic began. in fact, there are more people working in america at any point in american history. in a relief for drivers all across america, gas prices have dropped nearly $1 from highs in june. highs that were driven in
work through the weekend to pass a major tax climate, and health care plan. after almost a year of negotiations. the first votes expected to begin tomorrow afternoon. today, the senate s top democrat laid out key parts of the bill. this is a very, very, very big deal. including producing prescription drug costs, fighting climate, change closing tax loopholes for corporations in the wealthy, and reducing deficit. i believe we will have 50 votes to pass this legislation at the end of the day. as senator schumer said, this bill includes significant ways to have corporate america be more accountable. finally imposing a corporate minimum tax and another, attacks on companies doing stop by buybacks. this is a common practice when they have extra cash and they choose not to spend it on employees, or research and development. instead, they buy back stock to boost its price and hookup their shareholders. now they choose to do that, should this bill pass, they will be hit with a li
domestic agenda, the affordable care act, obamacare, if you will. bringing health care to tens of millions of americans. the next item on their agenda was another historic piece of legislation. a desperately needed climate bill to address the growing threat posed by global warming. democrats had already coalesced around the bill that was written by two democratic house members, then congressman henry waxman, and ed markey. in washington and around the country, that bill became known as the cap and trade bill. after a central provision in the legislation to put a cap or a limit on carbon emissions and businesses chain themselves their emissions capacity to each other. it wasn t the most far-reaching proposal that democrats were pushing for at the time, but it wasn t a half measure either. had it passed, the cap in trade bill would have been the single biggest legislative attempt under dressing climate change in u.s. history. and democrats appeared to be on track to get it done