and there is certainly the time and place for that, but at the same time if you can t trust the people you re working with, it is very difficult to get things done. i think that regardless of what happens certainly there is the impression this morning that the republicans got played and it will continue to erode sort of the comity that exists or you need to have exist for a properly functioning government. not only did i not like the chips bill, i don t like the manchin bill, but the larger level, this is just another example of how washington isn t functioning properly for a variety of reasons. appreciate you being with us this morning. thank you so much for your time. thank you, john. comity. not comedy. sometimes you get a little bit of both in washington. the t and the d there. interesting what goes on inside the committee room. mick mulvaney has been someone open to the findings of the committee, even as he says his claim is that it is partisan, though he didn t mention he
the climate crisis and improve our energy security right away. now, give us a tool to meet the climate goals that are set that we ve agreed to by cutting emissions and accelerating clean energy, a huge step forward. fourth, this bill requires the largest corporations to begin to pay toward their fair share in taxes, by putting in place a 15% corporate minimum tax. i know you ve never heard me say this before, it will come as a shock to you. but 55 of the fortune 500 companies paid no federal income tax in 2020. you ve only heard me say that about 10,000 times, but the fact is they paid no taxes of income of over $40 billion. guess what? this bill ends that. they re going to have to pay a minimum of 15% tax on that $40 billion or whatever the number turns out to be.
let me finish. by the way, your lips to god s ears and joe biden running again. on the inflation piece now they will spend another half trillion. it will make inflation worse. everything they are coming up with is making it harder for joe lunch bucket to do what he needs to take care of himself and his family. or jane lunch bucket. jose, i will split the difference. one on the schumer/manchin bill, a billion dollars for electric garbage trucks and buses, a billion. but matt schlapp on the other hand what about that semi conductor enrichment bill. 17 republicans signed onto that in the senate and sent it to the house. you want to talk about spending mistakes. some of those republicans are part of the problem. that s right. let me tell you, when we get our majorities, dagen, the republican party for the first time they will lose the
oil onto the global market, while denying putin revenue for his military. at a time of global anxiety over high prices, a price cap on russian oil is one of the most powerful tools we have to address inflation by preventing future spikes in energy costs. the reconciliation package announced yesterday will also help ease inflationary pressures by lowering some of the biggest costs families face, including energy, health care, and prescription drugs, all while making historic investments in fighting climate change and reducing the deficit. importantly, this bill will also make sure we finally have the resources we need to ensure that wealthy americans are not able to avoid paying the taxes they owe. these efforts are long overdue
pay their fair share of taxes, an enormous down payment on many of the things he campaigned on. they announced the deal that would spend more than $400 billion over the next 10 years claiming the bill will reduce the deficit by $300 billion over the same decade. republicans are having none of it. senator marsha blackburn saying build back broke will bankrupt america. mitch mcconnell with, quote, first they killed your family s budget. now they want to kill your job, too. tom cotton is with us. senator, good to see you. mitch mcconnell got 16 republicans on board to pass this enrichment bill for semi conductor companies. did he get duped by joe manchin or is he a con artist? i wouldn t say mitch