inflationreductionact
President Joe Biden finally signed the Inflation Reduction Act into law on Tuesday, marking a significant win for his domestic agenda. “With this law, the American people won and the special interests lost,” Biden said in remarks made ahead of the bill’s signing. “For a while, people doubted whether any of that was going to happen, but we are in a season of substance.” The $750 billion bill will be signed into law by the President with midterms just a few months away, marking a significant win for Biden’s domestic agenda. It is aimed at combating climate change, investing in green energy progr...
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Senate Democrats unified to pass Joe Biden‘s long-sought health care, tax and climate bill over the weekend in a 51-50 vote. Vice President Kamala Harris served as the tiebreaker in the evenly split Senate to pass the $750 billion Inflation Reduction Act. It is aimed at combating climate change, investing in green energy programs and allowing Medicare to negotiate prices on prescription drugs for the first time. It also represents the largest commitment to fighting climate change by the U.S. government ever by delegating around $370 billion to the cause. “Today, Senate Democrats voted to lower...
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Centrist Sen. Kyrsten Sinema (D-Arizona) has been a question mark ever since Sen. Joe Manchin(D-West Virginia) agreed to a scaled-down version of President Joe Biden‘s social spending bill after months of back and forth, but she confirmed late on Thursday that she will support the measures when it’s introduced on Saturday. “We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema announced. “Subject to the Parliamentarian’s review, I’ll move forward.” Sinema’s chang...
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