Headline Roundup • August 12th, 2022
House Passes Inflation Reduction Act in Party-Line Vote
Economy And Jobs,Politics,US House,US Congress,Climate Change,Healthcare,Taxes,Inflation,Inflation Reduction Act
Summary from the AllSides News Team
The House of Representatives voted 220-207 on Friday to pass the Inflation Reduction Act, the deal reached by Senate Democrats on climate change, healthcare and taxes.
All House Democrats voted in favor of the bill, and no House Republicans supported it. While House Speaker Nancy Pelosi (D-Calif.) called it a “fabulous bill,” House Minority Whip Steve Scalise (R-La.) said Democrats knew it would “hurt low- and middle-income families.”
The bill now awaits President Joe Biden’s signature. With Biden and his family vacationing in South Carolina, it was unclear on Friday when the bill would officially become law.
Coverage was widespread but was often drowned out by coverage of the FBI’s espionage investigation of former President Donald Trump.
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ANNA MONEYMAKER/GETTY IMAGES
The House of Representatives voted Friday to pass Democrats' $750 billion health care, energy and climate bill, in a significant victory for President Joe Biden and his party.
Now that the Democratic-controlled House has approved the bill, it will next go to Biden to be signed into law.
Final passage of the bill marks a milestone for Democrats and gives the party a chance to achieve long-sought policy objectives ahead of the upcoming midterm elections. It comes at a critical time as Democrats are fighting to retain control of narrow...
Photo: Chip Somodevilla/Getty Image
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...
Democrats have succeeded in sending the largest-ever bill aimed at countering climate change to President Joe Biden’s desk for signature.
The Inflation Reduction Act bill will pour roughly $370 billion into energy security and climate change programs over the next decade, including efforts aimed at slashing greenhouse gas emissions by roughly 40% of 2005 levels before the year 2030.
Its passage cements a major legislative victory for Democrats, who have fought to push through climate legislation for more than a decade — and lawmakers from all corners of the party have praised the bill.
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