Winners and losers from the Democratic tax, health care and climate change bill
The Senate has passed a massive climate, tax and health bill that is a big win for Democrats, who have been trying to get some version of the measure completed for much of President Biden’s term in office. There are clear political winners and losers throughout the legislation, which makes changes to the tax code and provides large investments for efforts to fight climate change. Here’s a look at some of them. WINNERS Charles Schumer Sen. Charles Schumer (D-N.Y.) emerged as perhaps the bigg
Read MorePro-SALT deduction House Democrats say they'll back Senate bill
House Democrats who are pushing to lift a $10,000 fixed cap on state and local taxes (SALT) said they will support the Inflation Reduction Act, which passed the U.S. Senate on Sunday, even without the SALT deduction. Both New Jersey Reps. Mikie Sherrill and Josh Gottheimer — who insisted "no SALT, no deal" on previous spending packages — expressed support on Sunday for the Inflation Reduction because it does not affect personal income tax rates or raise taxes on their constituents. "We all know how high the cost of living is in Northern New Jersey. I ran for Congress to
Read MoreStock trading ban becomes hot-button campaign issue
Stock trading for members of Congress is becoming a flashpoint on the campaign trail this cycle as calls for a ban on the practice for lawmakers grow. The issue is a rarity in that it has cut across party lines, with Republicans and Democrats both seizing on the issue ahead of the midterms. North Carolina Democratic Senate candidate Cheri Beasley rolled out an ad this week calling for members of Congress to be banned from participating in the practice, while Republicans have hit vulnerable Democrats like Rep. Elaine Luria (D-Va.) over their stances against a ban.&n
Read MoreNY mayor calls for federal help dealing with migrants bussed in from Texas
New York City Mayor Eric Adams (D) on Sunday called for federal assistance as the city takes in migrants bussed north by Texas Gov. Greg Abbott (R). “@GregAbbott_TX used innocent people as political pawns to manufacture a crisis,” Adams tweeted Sunday. “New Yorkers are stepping up to fix it — that’s our city’s values,” he added. “But we need the federal government’s help — money, technical assistance and more." Abbott says he is bussing migrants to New York City and Washington, D.C. in prot
Read MoreZelensky rails against 'Russian nuclear terror' after shelling of power plant
Ukrainian President Volodymyr Zelensky railed against “Russian nuclear terror” after Europe’s largest nuclear power plant was shelled over the weekend. Reuters reported that Russia and Ukraine blamed each other for the strike at the Zaporizhzhia nuclear power plant, which Ukraine says damaged radiation sensors and hurt a worker. “Russian nuclear terror requires a stronger response from the international community,” Zelensky wrote in a
Read More