Chuck Schumer

A minimum corporate tax rate wouldn’t spark higher consumer prices, according to the senator.

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.

Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate and health care deal on Wednesday, in what could prove to be a major breakthrough after weeks of negotiations.

An excise tax for small and midsized producers beginning at 5% would be imposed on cannabis products and gradually increase to 12.5%.

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 told Democratic leaders Thursday he would not support new spending on climate measures or tax increases.

The state and local tax deduction issue threatens to spark a showdown among Democrats as high-stakes Senate talks inch closer to a deal on President Biden’s economic agenda.

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.

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

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.

Sen. Joe Manchin said Tuesday he’s not in talks with the White House or top Democrats on reviving President Biden’s $2 trillion tax and social spending agenda.

Senate Majority Leader Schumer is vowing to bring a revised version of the $2 trillion tax, climate and spending package to a vote as soon as this month.

The goal is increasingly challenged by competing priorities that include raising the debt ceiling and the divisions in the party over the massive tax and spending plan.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

After early progress in the Senate, the administration's plans now face a crucial test this week in the House.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

The $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public works in decades.

Democrats are also uniting behind a plan to muscle through a broader budget resolution to carry the party’s priorities.

The agreement marks a significant breakthrough in the drive to muscle through Congress a massive infusion of new spending for roads, bridges and other critical projects.

The negotiations have blown past several deadlines despite persistent expressions of optimism from lawmakers in both parties that they were close to an agreement.