Dems Make Changes To Economic Bill

August 6, 2022 4:47 am

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer says Democrats have made changes in their giant economic bill that include paring part of their proposed minimum tax on huge corporations. Schumer described some of the revisions Friday as Democrats lined up the votes needed to deliver a campaign-season victory to President Joe Biden on his domestic agenda. Schumer also said bargainers dropped a proposed tax boost on hedge fund executives after pivotal centrist Sen. Kyrsten Sinema of Arizona said she would otherwise vote “no.” Schumer said the package would instead levy new taxes on companies that buy back their own stock.