- House passes bold climate and health bill closing line of recent legislative victories for President Joe Biden.
- $739 Billion Inflation Reduction Act Will Raise Taxes on some corporations and is projected to reduce the deficit by about $100 billion. over in next decade.
WASHINGTON – House on On Friday, the Inflation Reduction Act was passed. party lines, rounding out a series of recent victories for President Joe Biden.
The House of Representatives voted 220-207, with no republicans joining democrats in supporting Act.
Now he’s headed for Biden who Expected sign it’s in law next week after month of negotiations between moderate and progressive democrats, who in the end came to an agreement belatedly last month.
“We are one!” – Rep. Pramila Jayapal, chairman. of The Congressional Progressive Group told USA TODAY. “(Democrats) all in it’s together. We all make life better for American people.”
Broad legislation on health care, climate and taxes passed through the Senate 51-50 AD. party lines last a week after 3 p.m. session of debates, amendments and completion of negotiations in Vice President Kamala Harris holds a tie-break vote.
“There are a few days in a career in Congress that seems truly historic. For me it one of them,” said James Clyburn, a member of the House of Representatives. on in floor forthcoming of in vote.
“This law is historical, it is transformative and indeed cause for celebration,” said House Speaker Nancy Pelosi of California. in a news conference ahead of in vote.
House Republicans criticized the Inflation Reduction Act as excessive and said billions of dollars in costs are not solve inflation.
“Today, the majority is stuck in yet another waste,” House Minority Leader Kevin McCarthy said. in his nearly 50 minute speech on in floor forthcoming of in vote. “I believe that the largest blank note we have ever seen is in this camera in 230 years.
“The adoption of this bill today means more expensive accounts for Americans tomorrow.
Some voters and progressive legislators like Sen. Bernie Sanders, I-Vt., said the Inflation Reduction Act is not doing enough to ease tensions immediately. on working families. He voted for measure despite his lukewarm support, saying the bill was worthy down payment and signaling to other progressives that they should support it’s the same.
More:Here how Inflation Reduction Act Could Save Consumers money and protect the planet
it hard to show how bill leads to immediate, meaningful changes for Americans’ wallets, said Casey Bergat, legislator affairs program director at George Washington University.
But it’s a “huge, iconic of legislation,” he said. “This is a democratic bill through and through. this is not true big how are they wanted it should be, but that’s what is bearable in Senate 50-50 headed for interim terms.”
This vote after a productive summer for democrats, who passed gun control bill, the CHIPS Act to boost tech production and the PACT Act to help veterans exposed to toxic burn pits, and the approval of Finland and Sweden to join NATO.
this is amazing lineup of legislation in A Senate Democratic majority that can’t afford to lose one vote and have to negotiate with a range of ideologies from Sanders to Senator Joe Manchin, a moderate coal country representative representing West Virginia, Burgat said.
“It is amazing amount they’re done,” he said.
Inflation Reduction Actdown version of Biden original The Build Back Better plan will now go to the president’s desk for signature.
Biden original US$1.7 trillion package enabled array of social investments like universal preschool, paid family vacation and extended child tax credit. Those social programs were cut over a year of negotiation in Senate with moderate Democrats such as Manchin and Kirsten Sinema of Arizona set its sights on the bill cost and influence on growing national debt.
Even in the form of concessions in negotiations dropped the bill of a lot of social investment and downsizing down climate investments more over $100 billion, progressive Democrats still hailed the Inflation Reduction Act as legislation. win and biggest investment in climate in nation history.
“There would be no law to reduce inflation without the “better than it was” program, and it would not be “better than it was” without work of progressive caucus,” said Rep. Jamaal Bowman, DN.Y. in progressive assembly news conference early Friday.
10-year$739 billion package raise taxes on some corporations, reducing the deficit by about $100 billion. over in next decade.
The bill will allow Medicare to negotiate prices for prescription drugs long opposed by the pharmaceutical industry and extend Affordable Care Act subsidies three more years until 2025.
“We tried for decades to prevail to win legislation that allowed (health and social services) secretary agree to lower drug prices,” Pelosi said. in a news conference. “Big pharma has taken a stranglehold on Congress, and we haven’t been able to do it until now.”
it also would restore the tax on the oil industry to help to pay for cleaning of dangerous Superfund sites. And that would be add 87,000 IRS employees in help handle long debt of audits, which McCarthy called the “most frightening” part of Act.
Candy Woodall, Congress Reporter for USA TODAY. She can be contacted at [email protected] or on Twitter @candynotcandace.