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After more than a year of painstaking and dramatic negotiations, Democrats on Capitol Hill finally passed a sweeping climate, tax, and health care bill Sunday afternoon.
It wasn’t quite as sweeping as most Democrats had wanted. What was once supposed to be a $5 trillion bill—and then a $3.5 trillion, and then $3 trillion, and then $1.5 trillion, and then $1 trillion—ended up as a $400 billion measure, spread over the next 10 years, that would actually decrease deficits by more than $300 billion over that time period by closing tax loopholes.
It’s hardly the package President Joe Biden and the vast majority of Democrats had aimed for, but it’s the one Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) would allow them to have. And even if Democrats had hoped for more, they were ecstatic to cap off one of Biden’s best weeks in office with passage of the legislation.
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