Those investments, the group wrote, “would be more than fully paid for,” pointing to its provision to impose a 15% minimum tax on certain corporations.
“This proposal addresses some of the country’s biggest challenges at a significant scale. And because it is deficit-reducing, it does so while putting downward pressure on inflation,” the economists said.
That relief comes as prices continue to rise
, with inflation hitting 40-year highs
. The latest data from the Bureau of Labor Statistics show that inflation surged to a pandemic-era peak
六月に, with US consumer prices jumping by
請求書, which was negotiated by moderate Democratic Sen
. Joe Manchin of West Virginia and Senate Majority Leader Chuck Schumer of New York
, is currently undergoing a technical process with the Senate parliamentarian
として知られている “Byrd Bath
,” a test designed to keep out extraneous provisions from legislation using the reconciliation process
. Once the legislation has gone through that process
, Democrats should be able to pass the bill with a simple majority
. It remains to be seen
, しかしながら, whether key holdout Sen. キルステンシネマ
, a moderate Democrat from Arizona
, will vote with her party on the legislation
Schumer said Monday he expects the parliamentarian’s process to be complete and for the Senate to vote on the bill this week ahead of the August recess.
“This week the Senate will take action on a groundbreaking piece of legislation, one that we haven’t seen in decades,” he said on the Senate floor. “Over the coming days, both sides will continue conversations with the parliamentarian in order to move forward the bipartisan ‘Byrd bath’ 処理する. Our timeline has not changed, and I expect to bring this legislation to the Senate floor to begin voting this week.”
Some economists have said the legislation would do little to curb rapidly rising prices
, particularly in the short term
. Moody’s Analytics estimates that the legislation would have a
“小さな” impact on inflation
, and the Penn Wharton Budget Model also indicated it would have little impact on prices
And Senate Republicans opposed to the legislation are pointing to an analysis from the nonpartisan Joint Committee on Taxation
, which said the bill would raise taxes on Americans
, one of the signers of the letter and an economist at the UCLA School of Law
, disputed the JCT’s analysis
, suggesting in a つぶやき that it was incomplete
“Many key factors are left out in these tables including, 重要なのは, the effects of deficit reduction, the positive effects of the spending on clean energy, and the benefits from lower drug prices,” Clausing wrote.