Published 2 years ago

Democrats hope to pass the Inflation Reduction Act Friday. Here's what that will do.

Summary by Ground News

The bill would provide around $375 billion over 10 years to help industry and consumers transition away from fossil fuels to cleaner energy sources. The proposal is a scaled-back version of President Joe Biden's $2 trillion plan to boost spending on social programs and climate change. The bill would raise around $740 billion in revenue over the next 10 years.

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The Washington Post

The new Wall Street tax key to Democrats’ Inflation Reduction Act

Corporate stock buybacks were illegal until 1982, but now Democrats want to tax the transactions to pay for President Biden’s climate and health care agenda.

2 years ago

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The Hill

Watch live: House debates ahead of vote on Inflation Reduction Act

Representatives in the House will debate and vote Friday on the ‘Inflation Reduction Act.’ The event is scheduled to begin at 9:00 a.m. ET. Watch the video above.

2 years ago·Washington, United States

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Washington Examiner

Democrats prepare to pass Inflation Reduction Act, securing big win for Biden

House Democrats are set to pass the Inflation Reduction Act on Friday, securing a huge win for the party and President Joe Biden’s agenda just months before the midterm elections in November.

2 years ago·Washington, United States

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The Epoch Times

House Set to Pass Inflation Reduction Act; Peloton Laying Off 800 Employees

The House is set to pass the Inflation Reduction Act, but experts are divided on whether it will actually help Americans. Fitness company Peloton is laying off hundreds of workers and raising prices on exercise equipment. Johnson & Johnson is dropping talc-based baby powder next year, a product that has been at the center of tens of thousands of consumer safety lawsuits. We tell you which U.S. airport had the most delays and cancellations this s…

2 years ago·New York, United States

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Gold Coast Bulletin

Biden lauded as House passes Inflation Reduction Act

The Democratic-led U.S. House of Representatives approved a $430 billion bill on Friday that is seen as the biggest climate package in U.S. history, delivering a major legislative victory for President Joe Biden ahead of the Nov. 8 midterm elections.

2 years ago·Southport, Australia

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npr

The House votes on the Inflation Reduction Act

The House votes Friday to give final congressional approval to a package of climate, health care and tax measures that Democrats have been negotiating for over a year.

2 years ago·Washington, United States

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