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tonight, we begin with breaking news. the senate is in a rare, saturday night session, as democrats work to advance their sweeping health care, and climate bill, towards final passage. passage that could come as soon as this weekend. the bill, and the inflation reduction act, the i.r.a., would represent the largest climate investment in u.s. history. it will make major health policy by giving medicare the power, for the first time ever, to negotiate the prices of certain prescription drugs. the package is the product of painstaking negotiations, and it would give democrats a chance to achieve major policy objectives. ones that they sought for decades. they could get them ahead of the midterms. vice president, kamala harris, casting the tie breaking vote on the motion to proceed. the senate has, officially, begun debating the legislation. joining me now, norman ornstein, who is an emerita scholar in american enterprise institute. he is also a contributing editor from the ....
to the senate s efforts for the association bill. plus, the ripple effects of the kansas bill to protect abortion rights. what it could signal for the midterms. and, what goes around, comes around. alex jones has been ordered to pay more than $49 million to the parents of a sandy hook shooting victim. let s get started. tonight, we begin with breaking news. the senate is in a rare, saturday night session, as democrats work to advance their sweeping health care, and climate bill, towards final passage. passage that could come as soon as this weekend. the bill, and the inflation reduction act, the i. r. a., would represent the largest climate investment in u.s. history. it will make major health policy by giving medicare the power, for the first time ever, to negotiate the prices of certain prescription drugs. the package is the product of painstaking negotiations, and it would give democrats a chance to achieve major policy objectives. ones that they sought for decades. ....
The alternative minimum tax. the new minimum tax, for corporations, that would reduce revenue, somewhat, by basically allowing more depreciation by companies. manufacturing companies actually like that. but, we do know that there are major changes made by the parliamentarian. as you know, sam, when you do reconciliation, you actually have to have within it, provisions, to get this status, where you can deliver an expedited vote. robert byrd, when he was in the senate, made sure that this would only apply to things that dealt with the budget, with fiscal policy, and did not have, predominantly, other policy affects. they go through a process that is called, a bird bath. one part of a prescription drug benefit. one that would require drug companies to pay some more, if ....
Expedited vote. no filibuster robert byrd, when he was in the senate, made sure that this would only apply to things that dealt with the budget, with fiscal policy, and did not have, predominantly, other policy affects. they go through a process that is called, a bird bath. one part of a prescription drug benefit. one that would require drug companies to pay some more, if their prices went up faster than inflation for private insurers, which were taken out. but we have to emphasize is the things that were kept in. that includes all climate provisions, and that crucial set of provisions enabling medicare to negotiate prescription drug prices, and capping the cost for seniors on medicare, and drugs, to $2,000 per year, which is huge. it is interesting to watch an unelected bureaucrat, the parliamentary, and have all of this power. this gets to the necessity of ....