How Would Democrats’ Climate Change Bill Cut Carbon Emissions?
The bill includes roughly $380 billion of tax credits and spending focused on climate change measures — like incentives for battery manufacturing, domestic mining for green energy materials, and renewable energy projects, including nuclear energy. The bill also includes incentives for households to switch to electric vehicles, including a $4,000 tax credit for buying used electric cars. Furthermore, part of the bill’s estimated $739 billion in tax revenues would come from fees on methane emissions.
Coverage in left-rated outlets often framed the bill as positive and highly consequential; The New York Times (Lean Left bias) said the deal “almost instantly reset the role of the United States in the global effort to fight climate change,” and CNN (Left bias) called it the “biggest legislative climate investment in US history.” Coverage from the left was also more likely to feature charts or other visualizations of the bill’s proposals.
Meanwhile, coverage from the right was often skeptical or critical of the bill. Fox News (Right bias) called the deal “the Manchin-Schumer tax hike and climate change bill” and highlighted how Democrats previously wanted to spend even more. Several opinions from the right called Democrats “delusional” or “insidious” for taxing businesses or purportedly trying to “hurt Americans who live in coal-rich states.”
Featured Coverage of this Story
From the CenterThe New Climate Bill’s Secret Weapon? Tax Credits
On Wednesday, Democrats in the United States Senate announced they’d finally come to an agreement on a major climate bill, tucked inside the Inflation Reduction Act of 2022. It would allocate $369 billion toward energy security and climate action, juice domestic manufacturing of clean energy technologies like wind and solar power, steel communities against climate change, and prepare American agriculture for extreme heat, among many other campaigns.
Consumers, too, could benefit if this bill passes: It includes 10 years of tax credits to install all kinds of clean residential technologies, from rooftop...
From the LeftHow the Schumer-Manchin climate bill might impact you and change U.S.
Major changes to the Affordable Care Act. The nation’s biggest-ever climate bill. The largest tax hike on corporations in decades. And dozens of lesser-known provisions that will affect millions of Americans.
If enacted, the legislation released Wednesday night in a surprise agreement between Sen. Joe Manchin III (D-W.Va.) and Senate Majority Leader Charles E. Schumer (D-N.Y.) would represent one of the most consequential pieces of economic policy in recent U.S. history — though still far smaller than the $3 trillion the Biden administration initially sought.
From the RightInflation Reduction Act — or radical Green New Deal?
Make no mistake: the so-called Inflation Reduction Act unveiled Wednesday by Senate Majority Leader Chuck Schumer, (D-NY), and Sen. Joe Manchin, (D-WV), will do nothing that its supporters state — in fact, it will do quite the opposite.
If passed, the act will increase the prices that Americans pay for energy, make the United States less energy-secure, and do absolutely nothing for the environment. Perhaps more insidious, it will hurt Americans who live in coal-rich states, like Manchin’s West Virginia, the most.
Focusing on just the energy and climate section of the...