Senator Schumer News Conference on Inflation Reduction Act

Senate Majority Leader Chuck Schumer (D-NY) predicted all 50 Democrats would vote on a sweeping proposal to address climate change, inflation, energy costs, health care, and taxes.… read more

Senate Majority Leader Chuck Schumer (D-NY) predicted all 50 Democrats would vote on a sweeping proposal to address climate change, inflation, energy costs, health care, and taxes. The leader said he secured the last vote after negotiating with Senator Kirsten Sinema (D-AZ) to remove a provision that would have closed a tax loophole used by hedge fund managers and others. “Senator Sinema said she would not vote for the bill, not even move to proceed, unless we took it out. So we had no choice,” said the leader. “We’re adding in an excise tax on stock buybacks that will bring in $74 billion dollars.” He said progressive lawmakers were “excited” about the stock buyback provision. close

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Senator Schumer News Conference on Inflation Reduction Act

1,183 Views
Program ID:
522205-1
Category:
News Conference
Format:
Congressional News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Aug 05, 2022 | 12:15pm EDT | C-SPAN.org
Last Aired:
Aug 06, 2022 | 6:46am EDT | C-SPAN 1

Airing Details

  • Aug 05, 2022 | 1:36pm EDT | C-SPAN RADIO
  • Aug 05, 2022 | 7:48pm EDT | C-SPAN 1
  • Aug 05, 2022 | 11:33pm EDT | C-SPAN 1
  • Aug 06, 2022 | 6:46am EDT | C-SPAN 1
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Senator Schumer News Conference on Inflation Reduction Act

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