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Democrats' $430 billion climate, drug bill gets enough votes to pass U.S. House

Published 08/12/2022, 05:31 PM
Updated 08/12/2022, 05:35 PM
© Reuters. The dome of the U.S. Capitol is seen beyond a fountain on the day the House of Representatives returns from its August recess to vote on the Senate-passed H.R. 6376, the "Inflation Reduction Act of 2022" in Washington, U.S., August 12, 2022. REUTERS/Kevin

WASHINGTON (Reuters) - The Democrats' landmark $430 billion climate, tax and drug pricing bill secured enough votes to pass the U.S. House on Friday.

Voting was ongoing in the Democratic-controlled chamber.

 

 

Latest comments

Everyone in this comment section is a bot. This capital injection by the Dems creates a larger, longer-lasting, problem that our childrens’ children will have to deal with. Overthrow the corrupt. Buy and hold AMC nfa.
Come on, give me zero inflation like in the Biden's world!
could you imagine in this difficult economic times, every single republicans voted against helping the people. they are only interested in helping special interest, vote them out!
It is actually an inflation increase bill. electric cars for example are inflationary. when people replace traditional gasoline cars with electric cars. that is about 50 ~ 100% inflation right there. fed will have to get more aggressive.
crazy talk!
Inflation 2.0
Sad day for America. It’s seriously time for the Republican led Congress to dismantle the FBI, fully defund government schools, and drastically defund the IRS. It’s time to finish the essential task of culling the dem deep state cabal once and for all.
or just get your guns and kill a lot of innocent people. that's what you right wing nuts do when you get upset right?
There are some aspects I like more than others. This does however increase auctions for oil and gas leases in addition to investment in alternative energy sources. Personally I would have liked to have seen more effort go to furnaces and water heaters than EVs. When programs like this have been implemented before, heating and cooling systems with rebates and tax credits still cost more than units with minimized efficiency. Thus not an incentive for lower income and lower middle households. Government purchasing power for some pharmaceuticals like insulin is a step in the right direction. This won't however affect privatized prescription costs. An alternative I recently learned of is pharmacies that don't accept prescription coverage of any kind. The savings is in markups divided between the insurer and the pharmacy. There is savings too in prescription discount cards. Shop around.
A victory against republican hate, fear, corruption and depravity
Your accusations don't exactly promote peace. Practice what you preach.
BS bill. Tell them what's in it !!!!
you middle class are so screwe. d . don't even know it.
great. at least sanity still prevails sometimes
Print more money to bring misery to whole world. More you print money, more inflation and related issues. Less than 20% trade stocks and not all benefit from its upside
87000 new additional IRS agents so they can come after all of us. that’s the Democrats that want more gov’t control of everythng. Just wait until Nov. and we will see if the voters rebell at this wasteful spending.
87000 projected over the next 10 years to increase IT, customer support services, and experienced auditors for corporate and high net worth filings. Insofar, no increase planned for middle and low income audits. Currently there are approximately 78000 IRS employees compared to a hundred thousand in 2017.
 LMAO - silly silly dem / Biden worshippers..
More of our money down the drain.
I a government worker will be getting 1% of this amount every year
I want to join
I want to join
IRS with guns. Wonder why? Couldn't be going after conservative small businesses. Banana Republic.
Man, get out of here with that paranoia.
i guess we are going to 10% inflation
And I guess Mexico is going to win the FIFA World Cup.
Democrats filling their pockets once again.
With top secret national security documents?
More Government. More China. More millionaire never audited DC Politicians. More punishment of the peasants. Why did we leave England?
Bought some time.
Get ready for the mother of all inflation
Imagine an occupation where your sole responsibility is to spend money. Monday through Friday, you spend money. Filet mignon and Lobster every night and off on weekends to your million dollar mansions. I feel so honored to be served by these fine individuals.
"landmark". "climate". "tax" aka IRS funded to go after poor people. and drug pricing that they canned before?
great more inflation.
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