Climate Change - Is This a Tax Cut?

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The bill acknowledges that individuals and companies in the seconomy don't naturally move from bad sources of energy to cleaner sources of energy on their own. And so this spends money to get people to move in that direction exactly. But because this bill needed jo on to sign off on it, it doesn't go quite as far as democrats would have liked. So an we describe how the spill specifically confronts climate change.

This weekend, Democrats passed legislation that would make historic investments to fight climate change and lower the cost of prescription drugs — paid for by raising taxes on businesses.

How did the party finally make progress on the bill, and what effects will it have?

Guest: Emily Cochrane, a Washington-based correspondent for The New York Times.

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