taxation
Manchin, in reversal, agrees to quick action on climate and tax plan
The West Virginia Democrat, a holdout on his party’s domestic agenda, said the package would reduce inflation, a concern he had cited in rejecting it just weeks ago.
Manchin pulls plug on climate and tax talks, shrinking domestic plan
The West Virginia Democrat’s decision dealt a crushing blow to President Biden’s domestic agenda, effectively ruling out action on anything beyond prescription drug pricing and health care subsidies.
California plans to quit oil. Resistance is fiercer than you think
Dozens of state and local budgets depend heavily on tax revenue from oil, gas and coal to fund schools, hospitals and more. Replacing that money is turning out to be a major challenge in the fight against climate change.
European steel plan shows Biden's bid to merge climate and trade
A potential agreement on steel trade provides the clearest look yet at how the Biden administration plans to implement a trade policy that is both protectionist and progressive.
www.nytimes.com
Carbon border tax is proposed by Democrats
Democratic Senators will introduce a plan on Monday to tax iron, steel and other imports from countries without ambitious climate laws.
www.nytimes.com
Democrats roll out $3.5 trillion budget to fulfill Biden's broad agenda
“We’re going to get a lot done,” President Biden said, as Senate Democrats began drafting the details on a social and environmental bill that could yield transformative change.
www.nytimes.com
The Democrats are united to fight Trump, but policy fights are looming
The Democratic National Convention showcased Joe Biden’s goals on issues like health care, climate change and the economy. But there is plenty of daylight between his plans and what progressives want to see.
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