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What’s in Biden and Senate Democrats’ new $1.75 trillion spending framework -Breaking

by Mike Robinson

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WASHINGTON, (Reuters) – U.S. President Joe Biden presented an updated agreement regarding a climate and social spending plan to Congress on Thursday morning.

The White House claims that the bill is supported by all 50 Democrats of the Senate. They also said they are confident it will be passed in the House. However, Progressive (NYSE.) Democrats in Congress want to review the complete text of any deal before signing it.

INTERNET INCLUDED

*$555 billion in clean energy tax credits

*A 1% tax on corporate stock buybacks

*A 15% minimum tax on corporate profits of U.S. companies with over $1 billion in profits.

*Free preschool for 3 and 4 year olds for six years, expanded home care for elderly

NOT IN BOX

*A proposal to allow the U.S. government to negotiate prescription drug prices to make them cheaper.

*Paid family leave

*A billionaire tax floated this week

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