Large oil and gas producers are lauding the Senate Democrats’ climate bill due to its green incentives and regulations on fossil fuels; however, smaller producers argue that the new taxes and fees included in the bill will kill their operations.
Big oil is hailing the $369 billion climate bill for its steps to regulate the fossil fuel industry and promote green energy, according to Bloomberg. However, smaller, independent oil and gas companies are arguing that the bill’s numerous, costly regulations will threaten their industry’s development, according to an industry letter that was sent Tuesday night to the House Ways & Means Committee. Read More
In a major reversal, U.S. Senator Joe Manchin (D–WV) struck a deal with Senator Chuck Schumer (D–NY) to enact a major climate, entitlement, and tax bill. This legislation has been praised by President Biden, Al Gore, and other proponents of highly progressive policies. Read More
Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the Inflation Reduction Act, those in the industry proposed 10 actions policy makers can take right now to reduce costs. The industry says its solutions won’t cost taxpayers $740 billion, as the Inflation Reduction Act does, or increase the national debt or inflation, as 230 economists have warned the act will do. Read More
Harvard University’s request for an endowment tax cut was denied despite frequent lobbying to Senate Democrats for its inclusion in the Inflation Reduction Act.
The Senate passed the Inflation Reduction Act of 2022 with tax increases on corporations and energy firms but did not include plans to lower the endowment tax, which is tax paid on income from individual donors to colleges, according to the bill. Senior Executive Director of Federal Relations at Harvard University Suzanne Day sent an email in July urging Democratic Senators to eliminate the tax in the upcoming bill. Read More
A bill Democrats pushed to shut down state pro-life laws and force doctors throughout the country to perform abortions, even if doing so violates their faith beliefs, failed to advance in the Senate Wednesday.
Desperate to appeal to his party’s radical leftist supporters in the wake of the leaked Supreme Court draft opinion in a case that could overturn Roe v. Wade, Senate Majority Leader Chuck Schumer (D-NY) said the vote was “urgent” to prevent states from restricting abortions within their borders. Read More
Senate Democrats are set to release their new, trimmed down voting bill, but despite unanimous support from their caucus it faces a steep climb to become law.
The bill, titled the Freedom to Vote Act, is Democrats’ response to a series of voting restrictions passed in Republican-controlled states across the country. But despite its framework, constructed around a compromise plan proposed by West Virginia Sen. Joe Manchin, it must still clear a filibuster to pass the Senate, meaning at least 10 Republicans would have to sign on in support.
The legislation, introduced by Minnesota Sen. Amy Klobuchar, drops some of the more contentious provisions included in the For the People Act, Democrats’ previous legislation that fell to a GOP filibuster in June. While the new bill would no longer restructure the Federal Election Commission and requires a nationwide voter ID standard, it includes automatic registration provisions and would make Election Day a national holiday. Read More
The Senate has approved an amendment to the $3.5 trillion budget reconciliation bill that will ban the use of federal funds from being used to teach Critical Race Theory in schools.
Sen. Tom Cotton, R-Ark., introduced the “Stop CRT Act” in an effort to prevent tax dollars from being used to teach the controversial set of ideas in public school classrooms. Read More
Eleven Senate Democrats on Thursday voted against a modest and commonsense amendment to the Senate Budget Resolution that requires illegal migrants apprehended on the southern border to be tested for COVID-19 before they are transported into the country.
The amendment, introduced by Senator Roger Marshall (R-Kan.), a physician, establishes “a deficit-neutral reserve fund relating to protecting migrants and local communities against COVID-19.” Under the provision, migrants will be quarantined and not transported from the border until they tested negative. Read More
Senate Democrats have publicly released their $3.5 trillion, filibuster-proof budget reconciliation resolution.
The draft of the legislation released on Monday includes new spending programs that the White House has labeled “human infrastructure,” such as universal pre-K, childcare support and tuition free community college.
The spending total is estimated over a 10-year period. Using budget reconciliation allows the Democrats to pass the measure without votes from Republicans in the 50-50 Senate. Democrats used the same process in March to pass President Biden’s $1.9 trillion pandemic stimulus package called the American Rescue Plan Act. Read More
Senate Democrats are attempting to add funding for “Dreamers” and border security to their budget bill, Axios reported Friday.
The Democrats are looking at adding $10 billion to their $3.5 trillion budget reconciliation package towards border security infrastructure at legal points of entry, according to Axios. The Democrats previously planned to allocate around $120 billion for citizenship for undocumented essential workers, immigrants with Temporary Protected Status and Dreamers. Read More
Environmental Protection Agency Administrator Andrew Wheeler believes Democrats are politicizing the agency’s response to coronavirus and using flawed research to argue regulation rollbacks are disproportionately hurting black people amid a pandemic.
Sen. Ed Markey of Massachusetts used a politically-motivated research and a study based on 15-year-old data from Europe to suggest that the agency’s regulatory work is increasing the harm of coronavirus on minority groups, Wheeler said in an exclusive interview with the Daily Caller News Foundation. Read More