US Senate passes hard-fought estimated $740B package that aims to slow global warming, lower pharmaceutical costs and tax immense corporations after VP Kamala Harris broke tie to 51-50
Vice President Kamala Harris waves as she departs the Senate after passage of the Inflation Reduction Act at the U.S. Capitol August 7, 2022 in Washington, DC.
Senators engaged in a round-the-clock marathon of voting that began on Saturday and stretched late into Sunday afternoon. Democrats swatted down some three dozen Republican amendments designed to torpedo the legislation. Barely more than one-tenth the size of Biden’s initial 10-year, $3.5 trillion Build Back Better initiative, the new package abandons earlier proposals for universal preschool, paid family leave and expanded child care aid. That plan collapsed after conservative Sen. Joe. Manchin, D-W.Va., opposed it, saying it was too costly and would fuel inflation.Nonpartisan analysts have said the 755-page “Inflation Reduction Act” would have a minor effect on surging consumer prices.
It was the bill's chief protection for the 180 million people with private health coverage they get through work or purchase themselves. Under special procedures that will let Democrats pass their bill by simple majority without the usual 60-vote margin, its provisions must be focused more on dollar-and-cents budget numbers than policy changes.
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