{"id":29085,"date":"2022-08-13T00:04:09","date_gmt":"2022-08-13T04:04:09","guid":{"rendered":"https:\/\/autosector.com\/?p=29085"},"modified":"2022-08-13T00:04:09","modified_gmt":"2022-08-13T04:04:09","slug":"house-vote-inflation-reduction-act","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=29085","title":{"rendered":"Divided House gives final approval of bill to fight climate change | Autoblog"},"content":{"rendered":"<p class=\"Component-root-0-2-324 Component-p-0-2-315\">WASHINGTON \u2014 A divided Congress gave final approval Friday to Democrats\u2019 <a class=\"\" href=\"https:\/\/apnews.com\/article\/inflation-health-seniors-medicare-economy-68f2df858de98487e82e236ab31fab7e\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:0;\">flagship climate and health care bill<\/a>, handing <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/tag\/joe+biden\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:1;\">President Joe Biden<\/a> a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their hold on Congress in November\u2019s elections.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">The House used a party-line 220-207 vote to pass the legislation, which is but a shadow of the larger, more ambitious plan to supercharge environment and social programs that Biden and his party envisioned early last year. Even so, Democrats happily declared victory on top-tier goals like providing Congress\u2019 largest ever investment in curbing carbon <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/category\/emissions\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:2;\">emissions<\/a>, reining in pharmaceutical costs and taxing large companies, a vote they believe will show they can wring accomplishments from a routinely gridlocked Washington that often disillusions voters.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">\u201cToday is a day of celebration, a day we take another giant step in our momentous agenda,\u201d said House Speaker Nancy Pelosi, D-Calif. She said the measure \u201cmeets the moment, ensuring that our families thrive and that our planet survives.\u201d<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Republicans solidly opposed the legislation, calling it a cornucopia of wasteful liberal daydreams that would raise taxes and families\u2019 living costs. They did the same Sunday but Senate Democrats banded together and used Vice President Kamala Harris\u2019 tiebreaking vote to <a class=\"\" href=\"https:\/\/apnews.com\/article\/senate-climate-tax-deal-vote-dbdb3107c4c5e3e0e5af8a58d56c7bc1\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:3;\">power the measure<\/a>\u00a0through that 50-50 chamber.<\/p>\n<p>\u201cDemocrats, more than any other majority in history, are addicted to spending other people\u2019s money, regardless of what we as a country can afford,\u201d said House Minority Leader Kevin McCarthy, R-Calif. \u201cI can almost see glee in their eyes.\u201d<\/p>\n<p><strong>Related:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.autoblog.com\/2022\/08\/12\/ev-tax-credit-battery-minerals-sources-requirements\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:4;\">A closer look at the EV tax credit requirement that could exclude most electric cars<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/www.autoblog.com\/2022\/08\/12\/ev-tax-credit-restrictions-buy-now\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:5;\">One way to beat new EV tax credit limitations: Buy now<\/a><\/strong><\/li>\n<\/ul>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">\u00a0<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Biden\u2019s initial 10-year, $3.5 trillion proposal also envisioned free prekindergarten, paid family and medical leave, expanded Medicare benefits and eased immigration restrictions.\u00a0<a class=\"\" href=\"https:\/\/apnews.com\/article\/manchin-rejects-biden-spending-bill-democrats-election-e7a0ca4c25c686e91cb21e166c44821b\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:6;\">That crashed<\/a>\u00a0after centrist Sen. Joe Manchin, D-W.Va., said it was too costly, using the leverage every Democrat has in the evenly-divided Senate.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Still, the final legislation remained substantive. Its pillar is about $375 billion over 10 years to encourage industry and consumers to shift from carbon-emitting to cleaner forms of energy. That includes $4 billion to cope with the West\u2019s catastrophic drought.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Spending, tax credits and loans would bolster technology like solar panels, consumer efforts to improve home energy efficiency, emission-reducing equipment for coal- and gas-powered power plants and air pollution controls for farms, ports and low-income communities.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Another $64 billion would help 13 million people pay premiums over the next three years for privately bought health <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/car-insurance\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:7;\">insurance<\/a>. Medicare would gain the power to negotiate its costs for pharmaceuticals, initially in 2026 for only 10 drugs. Medicare beneficiaries\u2019 out-of-pocket prescription costs would be limited to $2,000 starting in 2025, and beginning next year would pay no more than $35 monthly for insulin, the costly diabetes drug.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">The bill would raise around $<a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/bmw\/740\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:8;\">740<\/a> billion in revenue over the decade, over a third from government savings from lower drug prices. More would flow from higher taxes on some $1 billion corporations, levies on companies that repurchase their own stock and stronger IRS tax collections. About $300 billion would remain to defray budget deficits, a sliver of the period\u2019s projected $16 trillion total.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Against the backdrop of GOP attacks on the FBI for its court-empowered search of former President Donald Trump\u2019s Florida estate for sensitive documents, Republicans repeatedly savaged the bill\u2019s boost to the IRS budget. That is aimed at collecting an estimated $120 billion in unpaid taxes over the coming decade, and Republicans have\u00a0<a class=\"\" href=\"https:\/\/apnews.com\/article\/inflation-ap-fact-check-congress-government-and-politics-11eae023a3dc3a04584371843234cab7\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:9;\">misleadingly claimed<\/a>\u00a0that the IRS will hire 87,000 agents to target average families.<\/p>\n<p class=\"Component-root-0-2-324 Component-p-0-2-315\">Rep. Andrew Clyde, R-Ga., said Democrats would also \u201cweaponize\u201d the IRS with agents, \u201cmany of whom will be trained in the use of deadly force, to go after any American citizen.\u201d Sen. Chuck Grassley, R-Iowa, asked Thursday on \u201cFox and Friends\u201d if there would be an IRS \u201cstrike force that goes in with AK-15s already loaded, ready to shoot some small business person.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON \u2014 A divided Congress gave final approval Friday to Democrats\u2019 flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their hold on Congress in November\u2019s elections. The House used a party-line 220-207 vote to pass the legislation, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"class_list":["post-29085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/29085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29085"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/29085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29085"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}