Erik Wasson

Democrats are seeking to pass the bill this week in the Senate and in the House next week.

The Arizona lawmaker is “reviewing the text and will need to review what comes out of the parliamentarian process.”

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The West Virginia senator opposes changes to the state and local tax deduction.

The bill contains a 25% tax credit for semiconductor manufacturing — the source of the revenue loss.

Lawmakers are discussing a one-year extension to a tax break for R&D costs that expired at the end of 2021.

The Senate’s arcane budget rules threaten Democrats’ plans to increase taxes on the wealthy and corporations and invest in climate programs.

The West Virginia Democrat told Senate Majority Leader Chuck Schumer he wouldn’t agree to an economic package before an August congressional recess.

The West Virginia senator said it wouldn’t be “prudent” to act now on climate and tax plans without seeing another month of inflation data first.

Crunch time has finally arrived for the president's economic agenda as Democrats scramble for a deal on a slimmed-down version of what was once a multi-trillion-dollar overhaul of domestic policy.

Senate Democrats have reached a deal to extend the solvency of Medicare by closing a tax loophole frequently used by law firms and other partnerships.

The Senate GOP leader said he will block bipartisan legislation to boost U.S. competition with China.

Senate Democrats are working on shrinking the tax increases in the president's economic package as part of a bid to get it passed in the coming weeks.

The senator's opposition to giving clean-energy developers direct payments may significantly reduce the tax credits they could get from Democrats’ reconciliation package.

Lawmakers are weighing a tax that would slap a levy on imports of carbon-intensive goods from countries with weaker climate policies.

The West Virginia Democrat said he is open to using the fast-track budget process to ram corporate and individual tax increases through the Senate.

Manchin doomed two pieces of the plan — ending a tax break for fossil fuels and taxing unrealized capital gains — just hours after Biden announced them.

President Joe Biden’s plan to tax unrealized capital gains ran into opposition from key Democratic Senator Joe Manchin, likely dooming it just hours after it was sent to Congress.

The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.

The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.