JUST IN: Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision.
Progressive Sen. Bernie Sanders, I-Vt., offered amendments to further expand the legislation's health benefits, and those efforts were defeated. Most votes were forced by Republicans and many were designed to make Democrats look soft on U.S.-Mexico border security and gasoline and energy costs, and like bullies for wanting to strengthen IRS tax law enforcement.
But the thrust of their pharmaceutical price language remained. That included letting Medicare negotiate what it pays for drugs for its 64 million elderly recipients, penalizing manufacturers for exceeding inflation for pharmaceuticals sold to Medicare and limiting beneficiaries out-of-pocket drug costs to $2,000 annually., the expensive diabetes medication, at $35 monthly. Democrats wanted to extend the $35 cap to private insurers but it ran afoul of Senate rules.
Several Democratic senators joined the GOP-led effort to exclude some firms from the new corporate minimum tax.It was on the energy and environment side that compromise was most evident between progressives and Manchin, a champion of fossil fuels and his state's coal industry.
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