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The package is estimated to cut the federal deficit by about $300 billion over the next decade, thanks to revenue raisers that include a 15 percent minimum tax on the largest corporations, a 1 percent
DOE renewable unit If the legislation becomes law, the Energy Department would get $1 billion for its energy efficiency and renewable energy unit to pursue demonstration projects and nearly as much
EU drops retaliatory tariffs In return, the EU will end retaliatory duties on selected U.S. products, removing the threat of doubling those tariffs to 50 percent on Dec. 1.
The legislation also would raise revenues by increasing royalty rates and fees on oil and gas operations on federal lands and establish a new hard rock mining royalty projected to raise as much as $1
The United Auto Workers is also opposed to diluting fuel efficiency standards for automobiles, Josh Nassar, legislative director for UAW, which represents more than 1 million auto-industry workers