Yes, we believe that Treasury will have authority to issue regulations dealing with potential issues with the ordering of the calculation of the credit under section 53 and the tax under section 59A. Regulations such as these would be in…

Madam President, what Americans don't want is wealthy tax cheats to be able to rest easy because Republican budget cuts to the IRS mean that they can get away with breaking the law scot-free. And I want everybody in this body to understand…

Mr. President, once again, this sends the bill back to committee and kills Democratic efforts to reduce the cost of prescription medicine, reduce health insurance premiums, reduce carbon emissions, and crack down on wealthy tax cheats. And…

Madam President, the Senator from Georgia is absolutely right in his description of this moral abomination where the citizens he represents have no healthcare decency. And he is right that it stems from the decisions of Republican…

Mr. President, unfortunately, this amendment is just bad news. This amendment lowers capital gains taxes, and it is more tax giveaways to the most fortunate. And if you are a wealthy tax cheat, you can rest easy because Republican budget…

Mr. President, I oppose this amendment for two reasons. The first is, it would water down the new negotiations program, so it would be harder to negotiate over the most expensive drugs in Medicare today, including cancer drugs, which are…

Madam President, I gather that this is the first of the motions to commit this legislation back to committee. I want my colleagues to understand what this is really all about. These motions to commit are motions to kill this bill, period…

Madam President, I rise in opposition to my friend's amendment. We all agree here that taxpayers with less than $400,000 in taxable income should not face a tax increase. And there is language already--and I would like to note this--in the…

Mr. President, this amendment would strike a four-tenths- of-a-cent-per-gallon fee on Big Oil refiners that helps pay for the cleanup of toxic waste spills, especially important to our low-income, historically disadvantaged communities…

I thank the Senator for her inquiry. That is correct. The credit is intended to incentivize production of biofuels of a certain quality, usable as fuel for highway vehicles or aircrafts, but not limited only to fuels which are actually…

I thank the Senator for his inquiry and can clarify that the Senator is correct that the current-law limitations that generally apply to tax credits under section 38 would not reduce the amount of credits eligible for transfer by the…

A commercial lawn mower could qualify as mobile machinery, since it performs a similar operation to the purposes listed in the statute. Therefore, if such a vehicle met the other criteria for the qualified commercial clean vehicle credit…

Madam President, public service is about making people's lives better, and here is what is on offer this afternoon to make people's lives better in our country: Reduced healthcare costs for seniors, reduced carbon emissions, reduced energy…

I urge opposition to the Scott proposal. Vote on Motion to Commit The ACTING PRESIDENT pro tempore. The question is on agreeing to the motion to commit.

I appreciate the question. For those unfamiliar with geothermal energy, it is generally produced by delivering geothermal brine and steam from underground reservoirs to the surface, where the resource then runs turbines to generate…

Mr. President, there are no tax increases on small businesses in our bill. The only companies that are paying under our bill are corporations with at least $1 billion in profit per year. Republicans are calling private equity giants and…

I am pleased to join the senior Senator from Nevada in this colloquy today to discuss sections 13701 and 13702 of the Inflation Reduction Act. These sections of the Inflation Reduction Act reflect the work of a variety of Members, but few…

Madam President, Oregonians will soon gather to honor an American hero, Ethyle O'Neal. Ethyle will be posthumously awarded the Congressional Gold Medal next month in McMinnville, OR. When the Senate voted to award the medal to Ethyle and…