Chuck Schumer

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.