Vice President Harris broke the tie, and the bill has cleared the Senate.

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BidenPresident

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Senate Passes Climate and Tax Bill After Marathon Debate
Despite all Republicans being opposed, the vote was a major victory for President Biden and Democrats. The bill now goes to the House, where it is expected to pass by the end of the week.

nytimes
 
Senate approves Inflation Reduction Act

In part by tweaking federal tax laws — chiefly to target tax cheats and some billion-dollar companies that now pay nothing to the government — the bill is expected to raise enough money to cover its new spending. Democrats say the measure is also expected to generate an additional $300 billion for reducing projected budget deficits over the next 10 years, though they have not yet furnished a final fiscal analysis of their legislation.

“This is one of the most significant pieces of legislation passed in a decade,” Senate Majority Leader Charles E. Schumer (D-N.Y.) said in an interview before the bill’s passage in the Senate. “Things that Americans have longed for, and couldn’t get done.”

https://www.washingtonpost.com/us-policy/2022/08/07/senate-inflation-reduction-act-climate/
 
Hoooray! The recession is now over and prices on everything will start tumbling down come Monday morning. The government will be awash in corporate tax money and because they are nice, none of those costs will befall their product or services pricing structure. God is great. Brandon has done it again.
The midterms should be a hoot.
 
Lionfish said:
Hoooray! The recession is now over and prices on everything will start tumbling down come Monday morning. The government will be awash in corporate tax money and because they are nice, none of those costs will befall their product or services pricing structure. God is great. Brandon has done it again.
The midterms should be a hoot.
Click to expand...



So you are mad they did something to fight inflation?



You have been screaming for them to do something remember skin flute player
 
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Lionfish said:
Hoooray! The recession is now over and prices on everything will start tumbling down come Monday morning. The government will be awash in corporate tax money and because they are nice, none of those costs will befall their product or services pricing structure. God is great. Brandon has done it again.
The midterms should be a hoot.
Click to expand...

So you are mad that the bill is bringing down pharmaceutical costs so seniors can afford their medications, LyinBitch?
 
All Republicans Oppose Bill; Measure Could Be Passed by the House This Week

The Inflation Reduction Act would make the most significant federal investment in history to counter climate change while lowering prescription drug costs.

The 51-50 vote, with Vice President Kamala Harris casting a tiebreaker, was a win for President Biden and Democrats ahead of the midterms.

nytimes
 
BidenPresident said:
President Biden issued a statement: “Today, Senate Democrats sided with American families over special interests, voting to lower the cost of prescription drugs, health insurance, and everyday energy costs and reduce the deficit, while making the wealthiest corporations finally pay their fair share.”


https://www.nytimes.com/live/2022/08/07/us/climate-tax-deal-vote
Click to expand...

raised spending and taxes by nearly a trillion dollars........what could possibly go wrong, right?.....
 
U.S. Senate passes major $430 billion bill to fight climate change, cut drug costs

WASHINGTON, Aug 7 (Reuters) - The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections.

After a marathon, 27-hour weekend session of debate and Republican efforts to derail the package, the Senate approved the legislation known as the "Inflation Reduction Act," by a 51-50 party line vote, with Vice President Kamala Harris casting the tie-breaking ballot.

https://www.reuters.com/world/us/us...ndments-430-bln-climate-drug-bill-2022-08-07/
 
https://budgetmodel.wharton.upenn.edu/issues/2022/7/29/inflation-reduction-act-preliminary-estimates



Summary: PWBM estimates that the Inflation Reduction Act would reduce non-interest cumulative deficits by $248 billion over the budget window with no impact on GDP in 2031. The impact on inflation is statistically indistinguishable from zero. An illustrative scenario is also presented where Affordable Care Act subsidies are made permanent. Under this illustrative alternative, the 10-year deficit reduction estimate falls to $89 billion.
 
BidenPresident said:
Senate Passes Climate and Tax Bill After Marathon Debate
Despite all Republicans being opposed, the vote was a major victory for President Biden and Democrats. The bill now goes to the House, where it is expected to pass by the end of the week.

nytimes
Click to expand...

Gotta love their framing of this bill as an 'inflation reduction' bill when all it's going to do is cost lowest income Americans the most in taxes.
 
evince said:
So you are mad they did something to fight inflation?



You have been screaming for them to do something remember skin flute player
Click to expand...

What in the bill is actually going to 'fight inflation'? List the parts that will and give evidence for your assertions.
 
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