Last week, Senate Majority Leader Chuck Schumer and Pesky 49th Vote Joe Manchin announced they’d reached a deal on a budget reconciliation bill. The provisions included a new minimum corporate tax, new funding for the IRS, closure of some tax loopholes, and new spending on climate priorities and energy production. Some of the money raised will also go toward shrinking the budget deficit. But the framework also gets into healthcare, with an extension of Obamacare subsidies to keep insurance premiums down and a provision that seeks to tackle America’s extraordinarily high prescription drug prices.
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