Drug prices, inflation part of Senate deal to help Biden agenda

Senate Democrats have agreed on a deal they say would lower drug costs, reduce carbon emissions and chip away at the federal deficit.
The measure is also projected to cut the deficit by approximately $300 billion over the next decade, in part by ramping up IRS enforcement and closing certain tax loopholes.

The senators project the proposal will raise $739 billion in revenue over 10 years, with nearly half coming from a 15% corporate minimum tax. The measure is meant to close a loophole that has allowed large companies from avoiding paying income tax.