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bill will raise taxes on people earning between 2 and 500,000. "wall street journal" get at the heart of the misguidid legislation, writing this issue reality is chuckrease on nearly every american. if kyrsten sinema want to sign up for this tax ball and chain, they will be responsible for the economic consequences. new tax on workers is unlikely to be a winner. you spoke with two moms last hour about the effect of the tax hike on their budgets, listen to this. >> it is just another blow, in 2010, everyone said you don't raise taxes in a recession, here we are. >> it would be devastating to so many, not just the middle class, the lower class will feel the burden. >> cheryl: remember joe biden promised you would not pay more in taxes. >> todd: i'm happy you're back, this next story makes me so angry. >> cheryl: yeah, i know what you are saying and like i'm not angry about this, i'm more annoyed, the big eye roll. speaking of big corporations, this market is leading to insane perks for employees. in a move to retain workers from generation z, companies like food delivery services are offering free sessions, dogs are allowed at work. good rx let's empl

isn't everything that chuck schumer says it is? is it that good eight bill? ahistorical, the largest single action the united states congress has ever taken on climate change. to put it in perspective, it is 4— five times the magnitude of the $90 billion clean energy investment that president 0bama got through the congress and his economic recovery plan in 2009. it moves as well toward the paris target that president biden submitted last year to cut emissions by 50% by the year 2030. all the analysis shows that it will not get us all the way that we still have work to do with federal obligatory authorities that — legislative authority. without this we would have no chance to meet the commitment so it is a big deal. meet the commitment so it is a bi deal. , ., big deal. given that the fiuures big deal. given that the figures you _ big deal. given that the figures you have - big deal. given that the figures you have given l big deal. given that the i figures you have given us, big deal. given that the - figures you have given us, it is clearly a very ambitious

bill now called the inflation reduction act. >> these are solutions americans want. >> reporter: joe manchin struck a surprise deal with senator senate majority leader chuck schumer on the bill, which includes the president's priorities from energy to health care. with manchin even taking to the sunday shows to defend the new bill. >> we did not increase taxes, chuck. we've closed loopholes. which did not raise taxes. we closed loop holes. >> the democrat who stood in the way of the last push, said they promised it would tame inflation. republicans disagree. >> it's going to make inflation worse actually. i like joe very much, but i think he got taken to the cleaners. >> reporter: with 100 days until the midterms, a new tracker finds republicans would hold a lead in the house if the election was held today. with economy and inflation among the top issues for november. and democrats plan to vote on the bill this week before heading out on their august recess, using reconciliation. meaning they would only need 50 votes. keeping their own caucus together. the outlier remains kyrsten sinema who has yet to say if she will vote for the bill. jericka? >> all right. serena

of the bill, which also contains measures to reduce the price of healthcare and introduce new taxes for business, is being seen as a triumph for president biden. here's senate majority leader, chucker. 0ur bill reduces inflation, lowers costs, creates millions of manufacturing jobs, enhances our energy security, and is the boldest climate package in us history. the senate has now passed the most significant bill to fight the climate crisis ever. it is going to make a difference to my grand kids. the world will be a better place for my grandchildren because of what we did today and that makes me feel very, very good. very, very good. david sandalow is a professor at colombia university and former senior state department, white house and us department of energy official. he was a climate change negotiator in the clinton and 0bama administrations including the very first cop. boldest in history, they are saying. i asked if he would go along with that. i completely agree. i think majority leader schumer had it exactly right. this is the most significant bill ever to pass the us senate and it will be passes by the house of representatives next week, and on to president biden for his s

bill does period. here's majority leader chuck schumer after the bill passed. our bill reduces inflation lowers costs creates millions of good paying jobs and is the boldest climate package in u. s history. there is some debate about whether this massive bill called the inflation reduction act will actually reduce inflation should be helpful to american families and should be helpful for our bonomy and will help us deal with the inflation. according to the cbo and other economic organizations about studying this bill. it will, in fact, have a minimal impact on inflation. the bill is 755 pages long, almost half of the $740 billion to paying down the federal deficit paid for with new corporate taxes, including a 15% minimum tax on the largest corporations. 375 billion goes to combating climate change some 80 billion will grow the i r. s, adding 87,000 new agents. republicans succeeded in stripping out of $35 insulin cap for those buying in the private market, the republican national committee said in a statement. quote democrats will pay the price in november for

bill does period. here's majority leader chuck schumer after the bill passed. our bill reduces inflation lowers costs creates millions of good paying jobs and is the boldest climate package in u. s history. there is some debate about whether this massive bill called the inflation reduction act will actually reduce inflation should be helpful to american families and should be helpful for our donna me. and will help us deal with the inflation, according to the cbo. and other economic organizations about studying this bill. it will, in fact, have a minimal impact on inflation. the bill is 755 pages long, almost half of the $740 billion to paying down the federal deficit paid for with new corporate taxes, including a 15% minimum tax on the largest corporations. 375 billion goes to combating climate change some 80 billion will grow the i r. s, adding 87,000 new agents. republicans succeeded in stripping out of $35 insulin cap for those buying in the private market, the republican national committee said in a statement. quote democrats will pay the price in november

chuck schumer. we think we're going to have a vote to proceed to start on this bill sometime after 7:00 p.m. night. the early word here and capitol hill is maybe this passes between four and 8:00 a.m. majority leader chuck schumer said the senate will stay in session until they pass the bill. that locally comes over night or early sunday morning. some gop members claim democrats could show up to vote even if they have covid. >> note, and oh please. republicans are concerned about democrats showing up with covid? the republicans who would not wear masks? the republicans who tested positive and still showed up? i am telling you, they note no limits on their political damage. >> the bill takes a long time to pass, that is because an extended vote series, centers will vote on amendments one after another for this goes on for hours on end. republicans are threatening to drag this out. quick sooner or later members have either had their fill on their pet ideas, or they're facing a lot of irritation and frustration from their colleagues that are telling them in some cases very bluntly, knock it off.

reporter: the bill will not go to the house of representatives. anchor: we have chuck schumer, saying it is the boldest bill. give us the impact. reporter: a lot of the package focuses on incentivizing clean energy projects in electric vehicles while taxing and eliminating fuel projects. u.s. greenhouse gas emissions will be slashed by 40% by 2030 which is just around the corner. the power to negotiate the costs of a minted basket of prescription drugs, bringing down costs, these are huge topics here. anchor: this is a first for climate change, bringing down the price of prescription drugs, also the product of a lot of compromise. how much was this bill watered-down? reporter: much of the compromise has been around getting one democratic senator to vote in favor, so the white house and democrats have been negotiating tirelessly. package increasing and much compromise is around tax breaks that the centrist democrats wanted eliminated. anchor: this will be a big victory for president biden. what does that mean going towards november in these midterm elections for the dem

bill titled "the inflation reduction act." >> i never thought they would come to agreement. these are solutions americans want. >> reporter: west virginia democrat joe manchin struck a deal with majority leader chuck schumer on the bill includes priorities from energy florida health care. with manchin even taking to the sunday shows to defend the new bill. >> we did not increase taxes, we've closed loopholes. >> we did not raise taxes, we closed loopholes. >> reporter: the democrat who stood in the way of the president's last legislative push says independent tax experts promise the new bill will help tame record inflation. republicans disagree. >> it's going to make inflation worse actually. i like joe very much, but i think he got taken to the cleaners. >> reporter: a new cbs news battleground tracker finds republicans would hold a lead in the how to if the election was held today with the economy and inflation among the top issues for november. democrats hope to vote on this legislation this week before heading out on their august recess using reconciliation, meaning they would only need 50 votes, their own caucus. the outlier remains kyrsten sinema, the arizona democrat who has yet to say if s

there's the senate majority leader, chuck schumer, on this bill that's passing through the senate right now. there's a vote-a-rama taking place as they cycle through some amendments. we're going to keep tabs on it. get back to our colleagues throughout the next several hours and we'll bring you the latest developments as they come in, but that piece of legislation is expected to get to the finish line sometime over the next several hours. we'll keep you posted on that. >>> coming up, dick cheney with a scathing warning about donald trump. why he's calling trump a coward. . but for someone to be able to work from here, there has to be someone here making sure everything is safe. secure. consisistent. so log in from here. or here. assurered that someone is here ready to fix anything. anytime. anywhere. even here. that's because nobody... and i mean nobody... makes hybrid work, work better. only at vanguard you're more than just an investor you're an owner. that means that your prrities are ours too. our interactive tools and advice can help youuild a future for the ones you love. that's t

we're still waiting to see what is going to happen with the reconciliation bill between chuck schumer. and the only hold out kyrsten sinema. and joe manchin planning to speak to her this afternoon. are you going to be in that room, ali? >> i'd be happy to. >> tell us first, reconciliation, and let's talk first, manchin saying he's going to be speaking to sinema. where are we? >> that they are set to speak, but this is not the only thing in the senate. yes, we're waiting to see where this comes down in the legislation but there's also the parliamentarian piece of this. and senator schumer gave an update a few hours agatha all of the relevant pieces of the legislation are with the parliamentarian, including the budget, and they're working for the legislation and that they are at this point, on track to take up this bill at a later point this week. that's the schedule they've been on. there are a lot of senators here and, frankly, reporters who are expecting a bit of weekend work to descend. and it's two-pronged where is sinema on this and how quickly can they work through pass. >> the w

bill. >> i never thought they would come to agreement. these are solutions americans want. >> reporter: west virginia democrat joe manchin struck a surprise deal last week with senate majority leader chuck schumer on the 700-page bill, which includes the president's priorities, from energy to health care. manchin taking to the sunday shows to defend the new bill. >> we did not increase taxes, we closed loopholes. we did not raise taxes, we closed loopholes. >> reporter: the democrat, who stood in the way of the president's last legislative push, said independent tax levels will help tame inflation. republicans disagree. >> it's going to make inflation worse. i think he got taken to the cleaners. >> reporter: a new cbs battleground tracker shows republicans would hold a lead in the house if the election was held today with economy and inflation among the top issues for november. >>> for the first time since russia invaded ukraine, the first shipments of grain could leave ukrainian ports as early as tomorrow. but safe passage depends on vladimir putin, who issued new threats today. we get more now from mts tayan. >> reporter: moscow's naval might on full display as vladimir putin presided

senator manchin helped draft the bill with majority leader chuck schumer rescuing lower medicare, drug cost and landmark climate programs from the president's failed build back better bill. >> this new law is going to create tens of thousands of good paying jobs and clean energy manufacturing jobs. solar factories in the midwest and the south, wind farms across the plains and off our shores, clean hydrogen projects and more all across america, every part of america. this bill the biggest step forward on climate ever. >> speaking of climate now, when would that take effect? well, people should be able to access the tax credits for solar improvements on your house and electric vehicle purchases in the next few weeks. >>> south bay public transit riders will have more clean, green rides in their future thanks to president biden's infrastructure law. it provides a $15 million grant in federal grants, $15 million in federal grants. the money will help valley transit authority make electric bus morse efficient with chargers enabling them to travel further. workers will also get special train

bill to joe manchin, who was standing beside him when he signed it because senator manchin was so crucial in the negotiations of the final version of the legislation. with senate majority leader chuckdes 300 and $69 million in spending and tax credits for low emission forms of energy. it extends federal health insurance subsidies, allows the government to negotiate prescription drug prices for medicare, and is projected to reduce the federal deficit by about 300 billion dollars over ten years. >> thanks to the inflation reduction act, 13 million people are gonna continue, continue to save an average of $800 a year on health insurance. the inflation reduction act invests 369 billion dollars to take the most aggressive action ever, ever, ever, ever in confronting the climate crisis, and strengthening our energy security. it's gonna offer working families thousands of dollars and savings, by providing them the rebates to buy new and additional appliances, to their homes, get tax credit for purchasing heat tops, rooftops stole -- it gives consumers tax credit to buy electric vehicles, or because new or used. and it gives them a tax credit of up to $7, 500, if those vehicles were made i

chuck schumer is reportedly eyeing this weekend for a vote on the bill.to win her support. but so have business groups in her state fighting against the deal. the arizona chamber of commerce and industry and the national association of manufacturers launched an ad blitz saying the bill is bad for arizona. they argue the 15% minimum corporate tax would slow hiring and business growth. they also say the drug price control provision would stifle innovation in the pharmaceutical church. senator manchin says republicans should be on board with this bill but they're bashing the bill. >> martha: everything in there that they like. in a normal situation, this is a wonderful bipartisan bill. i hopeful that they look at it. >> i think the 30% approval rating on the economy is still too high. >> we just got new estimates from the congressional budget office. they found the bill would reduce the deficit the next ten years but a less than $102 bill. and enhanced irs enforcement would raise $204 billion in the neck decades. we'll see if the numbers from the cbo sway se

bill does period. here's majority leader chuck schumer after the bill passed. our bill reduces inflation lowers costs creates millions of good paying jobs and is the boldest climate package in u. s history. there is some debate about whether this massive bill called the inflation reduction act will actually reduce inflation should be helpful to american families and should be helpful for our bonomy and will help us deal with the inflation. according to the cbo and other economic organizations about studying this bill. it will, in fact, have a minimal impact on inflation. the bill is 755 pages long, almost half of the $740 billion to paying down the federal deficit paid for with new corporate taxes, including a 15% minimum tax on the largest corporations. 375 billion goes to combating climate change some 80 billion will grow the i r. s, adding 87,000 new agents. republicans succeeded in stripping out of $35 insulin cap for those buying in the private market, the republican national committee said in a statement. quote democrats will pay the price in november for

i think the surprising thing about that bill was that chuck schumer could shut up about it.hat caught everybody by surprise. how could this have happened under their nose? shocking. >> i do think that senator manchin's comments about 2024 are important. sort of in the context of this. even when it comes to looking for policy areas of agreement. what do you think about what he said when he sort of not really committing to biden? he's not really committing to democrats? is that problematic that he's in a different position obviously than a lot of democrats that he's staying in. >> put yourself in joe manchin. you realize this upcoming election can take you out of power. either democrats lose power and the vote doesn't count anymore. or they gain two seats and the vote doesn't matter anymore f you want to maintain your hold with the administration, you're going to withhold your endorsement. at the same time, right, if president biden chooses not to run in 2024, you don't want the person that you end up endorsing feeling like this. if you're joe manchin in this situation, the la

bill: thank you, jennifer. good to have you on today, michael pillsbury and dan hoffman and smitty. >> sandra: chuck grassley joining us at 1:00. >> bill: we'll see you then. here is harris. >> breaking news now with house speaker nancy pelosi on the ground in taiwan. china has been threatening the united states for days not to go there and one chinese state media commentator with these chilling words, pray for pelosi. i'm harris faulkner and you are in "the faulkner focus". nancy pelosi becomes the highest ranking united states official to visit taiwan in a quarter century. the last speaker of the house to go there was newt gingrich in 1997. china is angry over the support for the nation of taiwan with threats of major military response and reports of chinese fighter jets flying and armed tanks at the ready. both taipei and washington, d.c. are bracing for any reaction. at first they wanted to see if there would be any harassment of pelosi's plane on the way in. next we'll see and watch for both those governments to see if anybody will want to harass her plane on the outside or rather on the way out. by anybody i m

bill. they are already framing it as a reckless spending spree that is only going to add to inflation, not reduce it. but chuck schumer says he is confident this bill is going to boost his party come november. pam. >> all right. melanie, thank you so much. >>> last hour, i spoke with gina mccarthy, the white house national climate adviser. here's part of that conversation. >> this is going to be the biggest leap forward we can ever make to actually move forward with climate and clean energy. we're actually bringing the labor community along. we're bringing investments in manufacturing. we're giving families an opportunity for efficient appliances so they can save money. we're looking at efficient, clean car technologies that they can now be able to afford. this is just a remarkable plethora of good news for our communities. >> all right. now let's get the take from the other side. joining me now, former trump white house communications director alyssa farah griffin, and former trump campaign director david urban. president biden has been racking up wins, the american recovery act or covid stimulus package, nea

senate majority leader, chuck schumer, shared hisjoy that the bill has passed.duces inflation, lowers costs, creates millions of manufacturing jobs, enhances our energy security and is the boldest climate package in us history. the senate has now passed the most significant bill to fight the climate crisis ever, and it's going to make a difference to my grandkids. the world will be a better place for my grandchildren because of what we did today. and that makes me feel very, very good. very, very good. our washington correspondent gary o'donoghue sent this update. this is a huge win for the democrats and forjoe biden, the largest piece of climate change legislation ever passed by congress. it will go something like 80% of the way to reducing carbon targets by 2030. it also means for individuals that they can get seven and half thousand dollars in tax rebates if they buy an electric vehicle. incentives too for businesses to switch to renewable energy. there will be higher taxes on businesses with profits of more than $1 billion, and there will be attempts to brin

senate majority leader chuck schumer says all americans will benefit. >> this bill will kick-start the era of affordable clean energy in america. it's a game-changer. it's a turning point, and it's been a long time in coming. to americans who have lost faith that congress can do big things, this bill is for you. to somewheeniors who face the indignity of rationing medications or skipping them altogether, this bill is for you. and to the tens of millions of young americans who spent years marching, rallying, demanding that congress act on climate change, this bill is for you. >> and joining us now is white house national climate adviser gina mccarthy to talk about this historic legislation. thank you so much more joinijoining us this evening. first of all, what are the benefits? how is this going to help save the planet? can you hear me? i think we're having some technical issues. she cannot hear me, unfortunately. we're going to hopefully reconnect with gina mccarthy, the national climate adviser to the white house coming up later in the show. >>> but up next in the meantime, we have m

chuck schumer. >> reporter: the bill now goes to the house to sync up on friday. the democrats can only lose 4 votes on their side and still pass bill. observers say house speaker nancy pelosi needs to keep her members together. >> i think one thing that's been proven over and over and over again is that speaker pelosi runs a really tight ship. in the house of representatives. she instills party discipline whetherst through persuasion or fear. >> reporter: democrats say the bill will reduce can inflation, but even if true, it's doubtful it would do that before the midterm elections. arthel? arthel: and that's what it's all about, the messaging between now and then, who's going to to be the better party at it. chad pergram live on capitol hill, thank you. eric? eric: well, president biden said last week that, well, he said the bill wasn't perfect, but now he's calling it a major achievement for democrats, vowing that it will reduce inflation, a major step for climate change. it will cut greenhouse emissions by 40%. and on top of that, democrats point out that major

bill. instead, it was blocked. it failed to advance to a vote, 55-42, falling short of the 60 votes needed. 20 republicans opposed it. senate majority leader chuck schumer on the floor yesterday, saying he is bringing the bill back. >> in the past few days, the capitol has been the site of something we shouldn't see in this country, dozens of veterans protesting through the night, demanding that the senate take action under health care benefits. they are there right now as we speak. no veteran who would sacrifice for our country should ever have to resort to spending the night on the capitol steps to secure their benefits. but sadly, in this case, they have. it is unfortunate that republican colleagues choose to block the passage of this bill last week, even though this is exactly what legislation many of them supported in june, with one small technical fix. in the coming days we will give senate republicans another chance to do the right thing, to work with us so we can send this bill to the president's desk asap. since 9/11, nearly 3.5 million veterans have been exposed to toxic burn pit in the line of duty, leading to complications like cance

hoping to use, democrats need a simple majority instead of the 60 votes to pass the bill senate majority leader chuckumer plans to debate this week ahead of the august recess. still unknown is whether arizona's senator krysten sinema will lend her support to the proposed legislation let's talk more about this now with isaac boltansky at btig isaac, this is a scenario which is not a surprise. they have been talking about the legislation for a while. it came as a surprise when senator joe manchin proposed a deal and got one done with chuck schumer. what exactly does this is a about the dynamic in washington with regard to getting legislation done >> everything schoolhouse rock taught us about a bill becoming a law is a lie, dom. it was closer to that old adage that things in d.c. are possible up to the point they are inevitable what we have here is amounting to a shocking surprise that the deal was broached, but the two u.s. senators were able to keep a secret for this long and what was a pretty gambit deal and announce and put it on the fast track to get it through the senate over the next week. >> se

and the bill will also reduce budget deficits by over 300 billion dollars. today. senate majority leader chuck schumer expressing his gratitude for his fellow senators in passing this historic bill. that the inflation reduction act. >> this senate democratic majority has achieved with countless others have come to washington, promising to do but ultimately failed to deliver. and i'm really confident that inflation reduction will endure as one of the defining feet. of the 21st. >> the package is now on its way to the house of representatives, which seems to be on track to pass house speaker nancy pelosi weighing in on the bill's passage today saying in part, quote, today is a victory for america's families and for our planet. the house will return and move swiftly to send this bill to the president's desk. probably on the peninsula. a man is arrested after he's accused of exposing himself to a little boy in a park. police arresting this man. 59 year-old trooper taylor fox. this happening in el camino park in palo alto on friday. police say a father was with his son in the park when he saw his s

bill, some of the provisions. and you ask a pretty important question in punch bowl. which is why would chucksecond most notable hold out senator? would that have made a difference? >> probably. at least we would know what she was for and what she was against. i think sinema from people i have spoken to that are close to her is not happy that she was cut out of these negotiations. the truth is she has supported many of these provisions in this bill before. some of the tax provisions and some other provisions we're trying to confirm do give her some pause. i don't think they are going to have to throw this bill in the trash or completely trash it from the whole thing, but i think there's a decent chance that they are going to have to have to tweak the carried interest provision. that's the low tax rate that hedge fund managers pay on some profit that they get from their investments. there might be some change to the corporate tax rate. 15% minimum tax that joe manchin pushed hard for. there's a lot of questions. sinema has said that she won't make any comment. she won't say whether she's going

after he signed onto the new $442 billion spendsing bill with colleague chuck schumer. news tracker, republicans are leading for the house. the party with 218 controls the house. steve scalise writes. we have 100 days to election when america can reject democrats' insane far left policies. let's bring in the power panel. david avella as well as laura fink, ceo and founder of a communications company and democratic campaign consultant. david, let's start here. manchin and schumer signed onto the bill assuming the party would fall in line behind them. that is now not looking like a sure bet if sinema has anything to say about it. >> reality is manchin is yesterday's news and now the focus is on whether senator sinema of arizona is going to make it harder for her arizona colleague, mark kelly, to win reelection. if she votes for it and this bill passes as voters learn about the tax increases that are in it and how the energy sources that they depend on are under attack, it will make it a lot harder for mark kelly as he will get swept up in the wave that is coming. let's ke

bill saying lit bring down inflation and save us money. opponents of the plan say it won't work. reporter: senate majority leader chuck schumer did not speculate on when the senate might pass the bill. but called the legislation a very big deal. >> the american people are going to learn an unmistakable truth about this proposal. it was written first and foremost with the american people in mind. it reduces inflation. it lowers their costs. and it fights climate change. >> saturday's voting comes after arizona senator kirsten cinema announced she's ready to move forward after the party leaders agree to scale back some of their tax proposals. the bill which democrats are calling the inflation reduction act would be the largest investment in fighting climate change and aims to lower healthcare premiums and prescription cost and would be paid for on raising taxes. president biden believes the bill bring down inflation and save americans money. the republicans disagree. >> the democrat's bill will do nothing. hundreds of billions of dollars on tax hikes on a struggling economy will help kill american jobs. >> if passed, th

bill before their august break? >> reporter: it is still uncertain. even though the senate majority leader chuckcated that he still plans to bring this bill to the floor this week, but there are two big reasons why it is uncertain. one, senator kyrsten sinema of arizona and procedures. now sinema is waiting for the senate procedure to play out and that is a review by the senate parliamentarian to make sure this bill could pass by the budget process and that is significant because if the parliamentarian agrees that the provisions in the bill dealing with health care and climate change, dealing with taxes, could be approved in the budget process, this means they could approve it by straight party lines. they don't need any republicans to support this. it could be filibustered. but they do need all 50 democrats on board. and sinema is declining to comment tonight ant facing pressure on both sides, democrats on the left urging her to get behind it and on the right pressure as well, i just talked to senate republican whip john thune who told me that he spoke to her about his concerns about the impact

kyrsten sinema, the lone democratic hold out over the reconciliation bill dubbed the inflation reduction act, she struck a deal with chuck schumer and it appears that that bill is now going to move forward. all of this was welcome news that president biden greeted today. he talked not only today about this strong jobs report, talking about the 50-year record unemployment rate being down to 3.5%. a half million jobs added. but also talking about gas prices coming down. but the president still taking a moment to acknowledge that so many americans even as they see this very strong jobs market, they're perhaps still not feeling a strong economy. and they're dealing of course with stubbornly high inflation. listen. >> i know people will hear today's extraordinary jobs report and say they don't see it. they don't feel it. in their own lives. i know how hard it is. i know it is hard to feel good about job creation. when you already have a job and dealing with rising price and food and gas and so much more. that is why i'm doing everything in my power to lower the cost for families. >> and the president is pointing to that infla

. >> bill: senator chuck grassley setting a deadline of today for federal officials to release hunterords. what could come next in the investigation into his many overseas business dealings. >> this guy was a crook. he has been influence peddling all over the world but yet the intelligence community right before an election issues a statement saying it is russian disinformation. we need to make changes in the intelligence community. or psoriatic arthritis,rits enbrel can help you say i'm in for what's next. ready to create a bigger world? -i'm in. ready to earn that “world's greatest dad” mug? -i'm in. care to play a bigger role in this community? -i'm in. enbrel helps relieve joint pain, helps stop permanent joint damage, and helps skin get clearer in psoriatic arthritis. with less pain, you're free to join in. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. tell your doctor if you've been someplace where fungal infe

surprise me. >> it has been days since republicans blocked a key health care bill for veterans and today it is at a crossroads, chuckppen in the coming days after republicans blocked the bill to provide life-saving health benefits for veterans exposed to toxic burn pits in iraq and afghanistan, the woman you saw is one of dozens camping out to protest the holdup including many who are sick and dying themselves, republican senator pat toomey facing pressure after he said he wants an amendment to make technical changes for the accounting of va funds but those veterans and their most famous advocates say that it cannot come soon enough. >> i consider this the lowest hanging fruit, what is most upsetting to me is if you have to push this hard for something this obvious what chance do the rest of us have on healthcare or anything? >> joining us now chairman of the veteran affairs committee democratic senator from montana, republicans supported the bill before they were against it but they claim democrats forced them to oppose the bill by making changes, that it looks different. were there any changes made that would put

bill. senate majority leader chuck schumer says it will help struggling americans. >> this is one of the most comprehensive and impactful bills congress has seen in decades. for families struggling to pay the bills, for seniors struggling to pay for medication, for kids struggling with asthma, this bill is for them. >> republican senator lindsey graham blasted the legislation, saying it will hurt americans already coping with sky high inflation. >> so you're the same people that told us if we passed american rescue plan, all would be well. we're at 9.1% inflation. you're increasing gas taxes. now you want to expand medicare. this is going to hurt the american people. stop the madness. vote no. >> so the bill known as the inflation reduction act includes nearly $370 billion to fight climate change. it also allows medicare to negotiate some drug price pryces, caps medicare out of pocket costs, $2,000, and extends affordable care act subsidies. also, it imposes a 15% minimum corporate tax on the largest u.s. companies. >> cnn chief congressional correspondent manu raju rejoins us, still looking

bill, honest to god. >> now senate majority leader chuck schumer says he is trying to get lawmakers to vote on the bill before the recess. they go on recess this month. senior congressional correspondent is with us. will that happen, i■an? >> democrats are determined to vote on their health and climate package in the package this week. senate members are combing through the texts to make sure it complies with the rules but this afternoon, majority leader chuck schumer said his timeline has not changed. >> the inflation reduction act is going to be just what the doctor ordered to bringing down costs for american families. we are excited and eager to pass this bill through the senate as soon as we can. >> democrats welcomed a new study today estimating the climate and clean energy provisions in the bill could reduce greenhouse gas emissions by 40%, prevent 4000 premature deaths, and create 1.5 million jobs. but they pushed back against analysis projecting the so called inflation reduction act won't actually reduce inflation. one nonpartisan forecast showed no statistical impact on prices. another found a

bill to fight the climate crisis ever. it's going to make a difference to my grandkids. host: that was chuck schumer yesterday, calling this investment a historic bill. it is smaller than the original package the democrats had tried to move in there build back better agenda. democrats are unable to move that. this legislation emerged from many months of negotiations. nbc news noted what was in the original act of did not make it into the inflation reduction act that passed yesterday, some of the casualties include universal pre-k, money for child care, money for elder care, expanding the child tax credit, money for community college, he earned income tax credit extension, closing the medicaid dap, immigration, tax rate hikes. other items excluded from what would become what was passed yesterday and what democrats hope will pass the house by the end of the week. getting your reaction to all of this, phone lines are as usual. this is walter in indiana. good morning. caller: thank you for taking my call. i couldn't be -- thank you for taking michael. i couldn't be any more happy with them passi

senate majority leader — chuck schumer — shared his joy that the bill has passed. and is the boldest climate package in us history. the senate has now passed the most significant bill to fight the climate crisis ever. it is going to make a difference to my grandkids. he world will be a better place for my grandchildren because of what we did today and that makes me feel very, very good. very, very good. we're joined by our north america correspondent, peter bowes, in los angeles. this is quite a significant moment, isn't it? , , , ., , isn't it? yes, this is a huge bill, of course _ isn't it? yes, this is a huge bill, of course not — isn't it? yes, this is a huge bill, of course not quite _ isn't it? yes, this is a huge bill, of course not quite as _ isn't it? yes, this is a huge bill, of course not quite as big, - isn't it? yes, this is a huge bill, of course not quite as big, not i isn't it? yes, this is a huge bill, - of course not quite as big, not even close as big as the billjoe biden had envisaged when he campaigned to become president, the build back better

. >> shannon, chuck schumer will not commit to when the senate will pass the bill it could be over theit may bleed into the weekend. >> i have expected that will have extended nights and debates on the floor but we will make good on our promise. >> chuck schumer needs cooperation from democratic senators to pass the bill. the linchpin, kyrsten sinema. reading tea leaves is important in politics. this time we read body language. kyrsten sinema found refuge in the chamber away from reporters honing her in the halls. she chastised the congressional press corps. >> can't even have a conversation around here anymore! >> she wants to change some parts of the bills and she's got concerns about a basic text were corporations and new taxes for big investors. she also wants drought aid for arizona. democrats are willing to bet. >> there may be small tweaks. and we are going to stay until this gets done whether it takes us to september or we knock it out this week. and for the sake of all of us who want to work in our districts in august. >> democrats say the bill enhances irs enforcement. the g.

the bill was initially secretly negotiated between west virginia and chuck schumer. dified to accommodate commands from kiersten cinema stating billionaire tax loophole be preserved in the bill. here to discuss as a member of the house foreign affairs committee and a former staff sergeant in the united states army where he served for 12 years. florida congressman. thank you so much for joining us . >> before i get into -- i just got to mention something here. i want to take a moment and acknowledge today is national purple heart day where we recognize veterans that were wounded in the line of duty. you received the purple heart after being wounded, fighting the taliban and in afghanistan. you lost both their legs and now you are serving the good people of florida. i want to thank you for your service and sacrifice to our country and everybody that is earned a purple heart in our country. >> thank you. let's not think about it ambiguously. it is a lot of things for a lot of people that care about this place. >> and the emotional toll that it takes our families. it is a

washington, after what seemed like all climate legislation was dead, a compromise bill led by joe manchin, and west virginia and chuck schumer of new york, gives the most money the united states is ever put towards the cause but delayed drop in the bucket when you consider the problem. there will be billions incentives for people to buy electric vehicles and more innovation and more technology, and construction the country, some money for climate capture or carbon capture storage, which could be a huge industry but the same time exxon mobil and shell and chevron released quarterly profits of $40 billion this week. they are making more profit than the united states will spend every year for the next 10 years on the problem. so very much oil and gas is writing the laws as they can down even as stories freak across the country of intensifying a natural disaster. cnn new york.>>> still to come, senator joe manchin defends his bill proposal, slamming reports it will raise tax as an add to inflation, we will hear his reaction next. >>> anger and use capital after more than two dozen republicans jurors block a bill expandin

democrats debated the bill saying it'll bring down inflation and save us money abc news reporter m win tells us how opponents of the plan say, it won't work. cinema majority leader chuck schumer did not speculate on when the senate might pass the bill and send it to the house for consideration, but called the legislation a very big deal. the american people are going to learn an unmistakable truth about this proposal. it was written first and foremost with the american people in mind it reduces inflation. it lowers their costs and it fights climate change. saturday's voting comes after arizona senator kirsten cinema the last democratic holdout announced she's ready to move forward after the party leaders agreed to scale back some of their tax proposals the bill which democrats are calling. the inflation reduction act would be the largest investment in fighting climate change in us history and aims to lower health care premiums and prescription costs and would be paid for by raising taxes on big corporations. wealthiest americans president biden believes the bill will bring down inflation and save americans money for republicans disagree. democrats bill will do nothing

chuck ( laughter ) they're even older. to raise revenues, the bill includes a new 15% minimum tax on corporations that earn more than $1 billion in annual profits -- ( cheers and applause ) -- backed up by $80 billion to the i.r.s. to increase enforcement. the i.r.s. explained their new enforcement powers to corporations with this instructional video: ♪ better have my money ♪ ( cheers and applause ) >> stephen: no one was happier to get the bill passed than senate majority leader and man using his super powers to warm his coffee, chuck schumer. schumer gave a press conference following the vote, and he said this of the victory: >> as you know, it's been a long, tough, and winding road. >> stephen: ah yes, the long, tough, and winding road. it's everyone's favorite beatles song, next to a "hard day's very difficult nighttime." schumer praised the hard work of senate democrats: >> i just want to again thank the leadership, hard work, and persistence of all of my colleagues, their teamwork, their spirited teamwork. their knowledge that we had to pull to

bill saying lit bring down inflation and save us money. opponents of the plan say it won't work. reporter: senate majority leader chuckate might pass the bill. but called the legislation a very big deal. >> the american people are going to learn an unmistakable truth about this proposal. it was written first and foremost with the american people in mind. it reduces inflation. it lowers their costs. and it fights climate change. >> saturday's voting comes after arizona senator kirsten cinema announced she's ready to move forward after the party leaders agree to scale back some of

bill. but in a surprise announcement last week, he and senate majority leader chuck schumer announced they'd found a path mansion could support. democrats called the bill the inflation reduction act of 2022, this is not a green deal is not a republican deals on a democrat. do. it is a red, white and blue deal. >> and this is what the american people want. solutions and a balanced energy approach on normal my republican colleagues would be for something such as democrats say the legislation will reduce carbon emissions by 40% by 2030. >> the bill would also address health care savings by lowering the costs of some prescription drugs. it would also an active 15% corporate minimum tax on companies that make at least a billion dollars a year. but democrats say average americans won't see a tax increase on themselves were not putting a burden on any tax payers whatsoever. but republicans say the legislation is a pipe dream that will cost everyone. they're also not taking into account how much our economy will slow down from this. >> big corporate tax increase that will mostly hurt manufacturing a