Democrats gave President Joe Biden a big win for his economic and environmental agenda Friday as the House passed a sweeping bill to fight climate change, make seniors’ drugs cheaper and boost taxes on corporations. The bill, dubbed the Inflation Reduction Act, is also congressional Democrats’ capstone argument to take to voters in November to retain control of Congress. The bill was sharply pared back from the “Build Back Better” bill that passed the House last year and was stalled by Sen. Joe Manchin (D-W.Va.) because he said it was too expensive. House Speaker Nancy Pelosi (D-Calif.), speaking to reporters before the bill’s passage, called it “monumental.”AdvertisementHouse Speaker Nancy Pelosi called the Inflation Reduction Act a "monumental" bill. Unlike the Senate’s consideration, the House debate was quick and relatively respectful, as lawmakers had to interrupt their August break to come and vote on the bill.

Source: Huffington Post August 12, 2022 22:36 UTC