Episode
How Democrats Salvaged a History-Making Bill
28:37
Published: Tue Aug 09 2022
Description
This weekend, Democrats passed legislation that would make historic investments to fight climate change and lower the cost of prescription drugs — paid for by raising taxes on businesses.How did the party finally make progress on the bill, and what effects will it have?Guest: Emily Cochrane, a Washington-based correspondent for The New York Times.Background reading: Here’s what is in the climate, tax and health care package.How Senator Joe Manchin turned from a holdout into a deal maker.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Chapters
Senate Democrats passed legislation that would invest in climate change and prescription drugs by raising taxes on businesses, reviving long-sought party goals.
00:00 - 01:47 (01:47)
Summary
Senate Democrats passed legislation that would invest in climate change and prescription drugs by raising taxes on businesses, reviving long-sought party goals. The long-awaited legislation is a turning point and a game changer for Americans who have lost faith in Congress's ability to implement significant changes like these.
EpisodeHow Democrats Salvaged a History-Making Bill
PodcastThe Daily
Democrats were surprised by a scaled down version of their infrastructure bill, reducing its focus to healthcare rather than including significant climate change action.
01:47 - 07:10 (05:23)
Summary
Democrats were surprised by a scaled down version of their infrastructure bill, reducing its focus to healthcare rather than including significant climate change action. Alongside this, Senator Joe Manchin's more conservative opinions have prevented a bill passing, criticising and being accused of single-handedly halting government action towards climate change.
EpisodeHow Democrats Salvaged a History-Making Bill
PodcastThe Daily
Medicare's new bill aims to negotiate lower drug costs with pharmaceutical companies and sets a cap limit of $2,000 for seniors' annual out-of-pocket expenses on prescription drugs, a potentially life-changing improvement on their financial burden.
07:10 - 13:08 (05:58)
Summary
Medicare's new bill aims to negotiate lower drug costs with pharmaceutical companies and sets a cap limit of $2,000 for seniors' annual out-of-pocket expenses on prescription drugs, a potentially life-changing improvement on their financial burden.
EpisodeHow Democrats Salvaged a History-Making Bill
PodcastThe Daily
The Democratic party is proposing to expand the Affordable Care Act by incentivizing the use of renewable energy sources, resulting in lower costs and more federal financial assistance.
13:08 - 19:39 (06:30)
Summary
The Democratic party is proposing to expand the Affordable Care Act by incentivizing the use of renewable energy sources, resulting in lower costs and more federal financial assistance. This plan rewards people and companies for moving away from fossil fuels and towards cleaner energy sources, paving the way for a more sustainable future.
EpisodeHow Democrats Salvaged a History-Making Bill
PodcastThe Daily
The Biden administration's infrastructure plan contains a new 15% corporate minimum tax imposed on companies who have reported profits of over one billion dollars to their shareholders, making these companies pay for their actions and contributing to the payment of the infrastructure plan.
19:39 - 26:08 (06:29)
Summary
The Biden administration's infrastructure plan contains a new 15% corporate minimum tax imposed on companies who have reported profits of over one billion dollars to their shareholders, making these companies pay for their actions and contributing to the payment of the infrastructure plan.
EpisodeHow Democrats Salvaged a History-Making Bill
PodcastThe Daily
The FBI conducted a search of Donald Trump's home in Palm Beach for material he brought with him to Florida when he left the White House, which is a part of ongoing federal investigations into the former president.
26:11 - 28:31 (02:19)
Summary
The FBI conducted a search of Donald Trump's home in Palm Beach for material he brought with him to Florida when he left the White House, which is a part of ongoing federal investigations into the former president. The United States will send Ukraine an additional $1 billion in military equipment, bringing its overall aid to the country in their war against Russia to $9 billion.