Congress sends $740 billion tax, health and climate bill to Biden's desk
Economy And Jobs,Politics,US House,US Congress,Climate Change,Healthcare,Taxes,Inflation,Inflation Reduction Act
The House of Representatives on Friday passed Democrats' $740 billion tax, health care and climate bill, which now goes to President Biden's desk for his signature.
Why it matters: The bill's passage notches a big legislative victory for Democrats with the midterms approaching and delivers on several longstanding liberal policy goals.
Driving the news: The bill passed 220-207 with all Republicans voting against it.
The details: By far the largest spending provision in the bill is nearly $370 billion to combat climate change, including tax credits and funding for renewable energy, electric vehicles and energy-efficient home improvements, as well as incentives for companies to cut methane emissions. It also:
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