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already big changes are being made to the bill s final form. let s get right to cnn s manu raju live on capitol hill. manu, walk us through the process. reporter: democrats are trying to get to final passage of this bill after this marathon voting session that started at 11:30 p.m. eastern time last night. it is still ongoing. there have not been any breaks. it s unclear exactly how this is going to play out because there has been some last-minute drama that s affected senate democrats ability to get to final passage, this dealing with the issue of the corporate minimum tax, a 15% tax that would be imposed on businesses with more than $1 billion in income. that is a central component in this bill that would help pay for a number of the provisions dealing with health care and climate change, energy issues and the like. but there has been some concerns from senator kyrsten sinema about the 15% corporate minimum tax and its impact on some businesses that may make less t ....
hours. what s the latest? democrats are now on pace to pass this bill, probably within the hour. this after a marathon voting session that started at 11:30 p.m. eastern time last night, has gone all through the night into the afternoon, and after some last-minute drama, within their own caucus, democrats have resolved those issues, and now are pushing ahead to final passage. that drama caused by concerns initially raised by kyrsten sinema of arizona. the 15% corporate minimum tax. she was concerned it could impact some smaller companies. it s supposed to hit companies that have a billion dollars or more in income. but she had concerns about companies that were subsidiaries of those that were owned by private equity firms. she wanted to exempt those subsidiaries. she agreed to a republican amendment that targeted this, that narrowed this corporate minimum tax, exempted those subsidiaries. but democrats were revolting over this because of the way that republican amendme ....
the vice president votes in the affirmative and the bill, as amended, is passed. the bill, known as the inflation reduction act, contains the biggest climate investment in u.s. history. it also makes big changes to health care policies. it s headed to the house later this week after enduring more than a year of pain staking debate of more than 15 hours of a vote-a-rama delirium on capitol hill. manu raju is on capitol hill for us. this was once called the build back better agenda for joe biden. he didn t get everything he wanted, but they got a lot of what they initially were going after. how did it get resolved? there was some last-minute drama here. reporter: yeah, this capped more than a year of negotiations within the democratic party. you mentioned the build back better agenda. this is scaled back from this, but still significant in size and scope, dealing with health care, drug prices, climate and energy issues, imposing a new 15% corporate minimum tax that ma ....
joining us i m eric shawn. for some other major stories were funky right now. trying to intensify the military the coast of tehran. that after house speaker nancy pelosi visited the country last week. beijing also suspending climate and military cooperation agreement with the united states. meanwhile in the middle east dozens have been killed in gaza. the bloodiest fighting between israelis and palestinians in over a year. as palestinian jihad terrorists continue to attack the jewish state, more than 600 rockets have been fired from gaza. some see behind these attacks the hidden hand of ironic. former prime minister of israel will be here on that in a few moments. cracks fox team coverage starts right now. alexander hoff with a more on the china threat. first were going to go to chad per agreement. he has on capitol hill so chad what is it looking like? the senate has 44 sanding grocers one very important human rule exhaustion but centers have voted straight through s ....
awaiting as a major victory heads into the victims as he makes this case that democrats are actually now getting things done. plus the former president bringing his continued focus on election lies to cpac. they are there to talk to the mega faithful. the chinese hacked the machines, labor all kinds of discrepancies. this time they found something different that they hadn t seen before, they re gonna join us ahead to talk more about that. first, to capitol hill, where we expect the senate to finally prosecute inflation reduction act as soon as this afternoon, we are hoping. but not before gop senators forced democrats to take some tough votes. during that vote-a-rama on, amendment it seems another amendment from john 15% minimum tax rate could create some problems for democrats. let s get to nbc s, julia before we see the potential hiccup and talk about that, and who it actually might involve, talk to me first about where we are at this hour, julie. yeah, ya ....