“This would certainly be the biggest corporate tax increase in decades,” Steve Wamhoff, a tax expert at the Institute on Taxation and Economic Policy, told the Washington Post. “We’ve had decades of tax policy benefiting the rich, but this is really the first attempt to raise revenue in a progressive way that would begin to combat wealth and income inequality.”

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Many Democrats are going to be disappointed that many prized policies — like housing, child care and paid leave programs — didn’t make the cut. But it’s still a big deal, and it seems like it will put at least a little wind in the sails of Biden’s re-election hopes.

The politics of it are understandably toxic and messy. But the hope here is that this bill’s passing will make green energy more financially viable than fossil fuels.