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almost nothing, joe biden is on a roll legislatively and on the national security front. todd: alexandria hoff live from washington with the latest. alexandria: even senator bernie sanders is questioning the name saying will have minimal impact. senate majority leader chuck chuck schumer disagrees. i would put in one word, persistence. alexandria: he calls it one of the defining feats of the 21st century. the climate healthcare and tax focus bill included 16 hours of vote-arama. democratss spent a year in negotiation, ending up with narrower adaptation of the build back better bill, inflation reduction act, they call it. 369 billion to climate, minimum tax raising $313 billion in 10 years, democrats expect to add 124 billion by bolstering i.r.s. tax inforcements. democratss government work for families again and this is what this bill does, period. republicans say the end of the sentence is not entirely true there. daniels stated this, democrats will pay the p ....
was like for him. plus, a huge jobs report raises the question, are recession fears overblown? it depends on who you ask. you re in the cnn news room. u.s. senators are expected to vote is tonight on the democrats sweeping health care, climate, and tax bill, and in turn, score president biden a massive legislative victory. the bill represents the largest climate investment in u.s. history. $369 billion in all four measures that are estimated to reduce carbon emissions by as much as 40% in less than ten years. and it gives medicare the power to negotiate drug prices and ensures medicare recipients will spend no more than $2,000 of their own money each year. to help pay for all of this, the legislation will establish a 15% minimum corporate tax on any u.s. company reporting more than $1 billion in earnings to its investors. now, this would impact companies like amazon, which paid zero federal income taxes in 2018. we are monitoring all of the action on capitol hill for y ....
america reports on this friday. white house getting good news on the jobs market but will a massive spending plan send the economy into another tailspin, making an already bad inflation problem even worse? hello, everyone. i am sandra smith in new york. jon: i am jon scott info john roberts. the labor department says the u.s. added 528,000 jobs last month. the on employment rate also falling slightly to 3.5%. both numbers beating expectations. wages are still largely out of step with the rising inflation. now more than 200 economists, 230 to be exact, warning democrats their social spending bill will make high prices in this country even worse. jon: senior economic advisor jared bernstein joins us. first, congressional correspondent chad pergram has the latest on the spending bill. good afternoon. democrats say this bill will help with inflation. more than 200 economists warn congressional leaders that the u.s. is in a dangerous crossroads. they argue the bill ....
desperately needs, and it is what democrats will deliver on in the coming days. so up next, the bill still needs to survive a rare weekend session, a parliamentary review and a senate vote-arama. more on that coming up. assuming it passes, it would send democratic members home on top of another win on top of the kansas abortion vote that fired up the base and great jobs numbers today as well. it also adds fuel to the already frenzied pace of midterm campaigns escalating to levels we rarely see today. nbc news now predicts election denier and trump acolyte kari lake is the winner of the republican primary for governor of arizona. she repeatedly claimed election irregularities but now says her supporters, quote, outvoted the fraud. among those endorsing lake, the conservative group cpac, which is now meeting in texas and where the keynote speaker was hungarian prime minister victor orban who was welcomed with a standing ovation. the washington post described it as, qu ....