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Winners and Losers in Democrats’ Signature Tax and Energy Bill

Aug. 7, 2022, 7:53 PM

President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment.

The tax and energy bill passed Sunday after a year and half of rocky negotiations that divided the party. It gives Democrats tangible progress on key issues to show voters in the midterm elections this November.

Biden’s popularity nose-dived a year ago in the wake of the haphazard Afghanistan pullout and rising inflation -- and a year of infighting among Democrats over the domestic agenda. That squabbling is in the past and Biden can ...