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How Democrats Salvaged a History-Making Bill

The Daily

The New York Times

News, Daily News

4.597.8K Ratings

🗓️ 9 August 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

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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0:00.0

From New York Times, I'm Michael Obaro. This is a day away.

0:13.0

Today, after more than a year of hard work, the Senate is making history.

0:19.0

Over the weekend, Senate Democrats passed legislation that would make historic investments

0:24.0

to fight climate change and lower the cost of prescription drugs and pay for them by raising taxes on businesses.

0:32.0

It's a game changer. It's a turning point and it's been a long time incoming.

0:38.0

In the process, Democrats revived a set of long-sought party goals that just a few weeks ago were widely seen as dead.

0:48.0

To Americans who've lost faith that Congress can do big things, this bill is for you.

0:55.0

I spoke with my colleague, Congressional reporter Emily Cochran, about how that happened and what the bill actually means for Americans.

1:14.0

It's Tuesday, August 9.

1:29.0

So Emily, this finally happened. It appears so. I'm still processing. After a weekend where single-handedly tested, how much caffeine one human body can take.

1:42.0

Quite a lot. I can assure you.

1:46.0

We are going to spend a lot of time talking about what's actually in this bill and why it's so historic.

1:53.0

Let's start with how we got here. To this place that nobody really thought we'd ever be with Democrats delivering a sweeping bill to fight climate change, make big changes to the health care system,

2:05.0

raise taxes on businesses and reduce the deficit. And somehow doing that while overcoming the profound resistance of Senator Joe Manchin and Senator Kiersten Sinema.

2:15.0

So how did that happen?

2:18.0

So back in November, House Democrats finally had the votes they needed to pass a version of President Biden's signature domestic policy bill.

2:28.0

It would have expanded the social safety net and really transformed the reach of the federal government. It was known as the Build Back Better Act.

2:36.0

It was about 2.2 trillion worth of spending and tax increases. But once it got through the House, it's still needed to get through the Senate.

2:47.0

And without any Republican support, Democrats needed all 50 members of their party to back it for it to get through the Senate.

2:58.0

And in December.

3:00.0

Joining us now, Democratic Senator Joe Manchin of West Virginia, Senator, welcome back.

3:04.0

Senator Joe Manchin, a conservative Democrat from West Virginia, a red state, went on national television and said,

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