What’s in the landmark US climate and tax bill

Gaining support from West Virginia Democrat senator Joe Manchin was crucial to passing the package (Image: Getty)

Mon, 08 Aug 2022

(Bloomberg) -- The US Senate has passed the Democrats’ landmark tax, climate and health-care bill, setting up the legislation for House approval and president Joe Biden’s signature.After more than a year of stop-and-start negotiations, Democrats on Sunday agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit, paid for by new corporate taxes.The legislation is far from the roughly US$4 trillion (NZ$6.4t) to reshape the American economy that Biden first envisioned when taking office, but the...

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