The bill imposes a new tax on companies that buy back their own stock. It pours about 80 billion dollars into the i r s in fury to beef up its enforcement and crack down on the wealthiest of tax paters. The thinking here is, if companies are going to do it, we're goin to make them pay for it.
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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