Winners and Losers in Democrats’ Signature Tax and Energy Bill
- Electric cars, fossil fuels and renewables scored big benefits
- Tech and pharmaceutical companies bear much of the cost
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President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment.
The tax and energy bill passed Sunday after a year and half of rocky negotiations that divided the party. It gives Democrats tangible progress on key issues to show voters in the midterm elections this November.