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Congress · 117th Congress

After four-hour debate, Senate begins voting on budget bill amendments

Kyrsten Sinema, D-Ariz., including adjustments to a 15 percent corporate minimum tax based on income reported to shareholders, a 1 percent tax on companies’ stock buybacks and $4 billion for drought relief

Congress · 117th Congress

Sinema ready to advance budget bill after tax changes

To make up for the lost revenue, Democrats have agreed to add a 1 percent excise tax on stock buybacks, according to two people familiar with the agreement.

Policy · 117th Congress

Changes mulled to sweeping budget package as debate nears

Separately, CNN reported that Sinema has sent signals to the business community that she may want to pare back a 15 percent corporate minimum tax on businesses that report $1 billion or more in income

Congress · 117th Congress

Democrats confident about budget vote as GOP plans amendments

Rubio also said he’ll offer an amendment to ensure the reconciliation measure can’t pass ahead of a permitting overhaul Schumer promised Manchin a vote on before Oct. 1.

Congress · 117th Congress

Leahy to return in time for expected budget vote

Leahy will return to the Senate the week of Aug. 1 after recovering from hip surgery and will be available to vote on the revamped budget reconciliation package, his office announced Friday.

Congress · 117th Congress

‘Chips and science’ bill on way to Biden’s desk

One of the big concessions to the House that senators did acknowledge was the authorization of a $1 billion pilot program for the Commerce Department to provide grants to help persistently distressed