Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Schumer Says Weekend Vote Still On; Parliamentarian Ruling Looms

Aug. 5, 2022, 6:31 PM

Senate Majority Leader Chuck Schumer (D-N.Y.) said the chamber remains on track to begin votes on a landmark tax, climate and drug bill Saturday despite lingering questions about how the Senate parliamentarian will rule and unresolved talks on drought relief money.

Schumer said that though his last-minute deal with holdout Sen. Kyrsten Sinema (D-Ariz.) meant dropping a plan to narrow a tax break for private equity, Democrats are fully behind a new $74 billion, 1% excise tax on stock buybacks that was added to the bill. “I hate stock buybacks. I think they are one of the most self-serving things ...