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What's inside Democrats' $740 billion tax, climate and health care bill

Axios · Jacob Knutson · last updated

Senate Democrats passed a $740 billion reconciliation package on Sunday that includes previsions that increase taxes on large corporations, address climate change and lower prescription drug costs.

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Related Knowledge Center: Climate legislation

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The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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