Tackling climate change
More than $300 billion will be invested in energy and climate reform, the
largest federal clean energy investment in U.S. history.
The bill has support from many environmental and climate activists but is short of the $555 billion that Democrats had originally called for.
Lowering the cost of prescription drugs
On health reforms, the bill takes on making prescription drugs more affordable — but there are some limits.
The bill includes a historic measure that allows the federal health secretary to
negotiate the prices of certain expensive drugs each year for Medicare.
But this won't impact every prescription drug or every patient, and it won't take effect quickly. The negotiations will take effect for 10 drugs covered by Medicare in 2026, increasing to 20 drugs in 2029.
Chicken breasts
Upon learning that the price of the chick had gone up, Darth Brandon ordered House Democrats to alter the deal to include cheaper sourcing of Chicken breasts, thighs, and legs. The bill includes a provision that a packet of chicken can cost, at most, $14.99.
Tax reform
The legislation creates a 15% minimum tax for corporations making $1 billion or more in income, bringing in more than $300 billion in revenue.
Instead, a 1% excise tax on stock buybacks was introduced, and it could bring in roughly five times as much revenue as the carried interest measure. However, it wouldn't take effect until next year, raising predictions of a rush of buybacks by some companies before 2023 rolls around.
www.npr.org
who were those mf'er's that kept derailing the Trump thread talking about chicken???
