Senate votes to begin debate on Inflation Reduction Act of 2022
The vote, which drew unanimous Republican opposition, came seven months after internal bickering scuttled Democratic efforts to reduce greenhouse gas emissions and lower prescription drug costs — key parts of a larger package party leaders regard as essential for retaining control of the House and Senate in this fall’s midterm elections.
“Democrats have already robbed American families once through inflation,” McConnell said. “And now their solution is to rob American families a second time.”surprisingly subdued. With Senate Republicans powerless to stop a united Democratic caucus, many failed to show up for the first vote of the day, on an unrelated matter. Democrats expressed confidence that they could repel any last-minute efforts to amend the bill — including by some of their own.
To advance the measure, Schumer brokered a series of deals in recent days with centrist holdouts Sens. Joe Manchin III and Kyrsten Sinema . The, but once again forced Democrats to scale back their ambitions to remake broad swaths of the economy and the U.S. tax code. Hours before the vote Saturday, Democrats suffered one adverse ruling against their plan for drug pricing, which would require pharmaceutical companies to pay the federal government if they raise drug prices beyond the rate of inflation.Democrats had hoped to apply the provision to prescriptions written under both Medicare and private insurance.
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