In a significant victory for President Joe Biden that Democrats hope will increase their chances of maintaining control of Congress in this year's elections, the U.S. Senate on Sunday passed a comprehensive $430 billion bill that aims to combat climate change, lower drug prices, and raise some corporate taxes.
The Inflation Reduction Act was approved by the Senate on a party-line vote of 51–50 after a marathon 27-hour weekend session of debate and Republican attempts to stall the measure. Vice President Kamala Harris cast the deciding vote.
The action advances the legislation to the House of Representatives for a vote, which is most likely to happen on Friday when lawmakers expect to temporarily return during a summer break. The law would then be sent to the White House for Biden's signature if they approve it, which is anticipated. Biden said in a statement that he was eager to sign the legislation into law.
Senate Majority Leader Chuck Schumer exclaimed with his fists pumping in the air, "The Senate is making history," as Democrats applauded and their staff workers gave the vote a standing ovation.
"To Americans who’ve lost faith that Congress can do big things, this bill is for you," he said. "This bill is going to change America for decades."
In order to combat climate change and lower consumer costs for electricity and some medications, Schumer claimed that the proposal contained "the boldest clean energy package in American history."
Republicans have criticized Democrats harshly for the legislation's $430 billion in new spending and approximately $740 billion in tax increases. However, Democrats are hoping that its passage will support the party's House and Senate candidates in the Nov. 8 midterm elections at a time when Biden's public approval ratings are lagging despite high inflation.
Photo on pixabay.com
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