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House Speaker Nancy Pelosi, speaking to reporters Friday, praises the contents of Democrats’ Inflation Reduction Act. (Photo: Chip Somodevilla/Getty Images) On a party-line vote, the House narrowly passed a $737 billion measure Friday to dramatically expand green energy subsidies and health care programs while nearly doubling the size of the Internal Revenue Service.
As Republicans decried the inclusion of about $740 billion in new tax revenues, the bill that Democrats dub the Inflation Reduction Act cleared the House at 5:42 p.m. by a vote of 220-207 along party lines.
Four Republicans didn’t vote.
House Speaker Nancy Pelosi, D-Calif., announced the vote total and said, “The motion is adopted,” spurring cheers from fellow Democrats
The vote followed hours of debate.
“Today we make good on our promise to take on climate change and climate justice with historic investment in green technology that will cut carbon emissions by 40% by 2030, create over 9 million good-paying jobs, put $60 billion into environmental justice, and cut energy costs for the average American family by almost $1,000 per year,” Rep. Pramila Jayapal, D-Wash., said in remarks on the House floor.
“For the first time we take on big pharma’s price gouging, finally allowing Medicare to negotiate prescription drug prices,” said Jayapal, who was first elected in 2016 and chairs the House’s Progressive Caucus.
The Senate voted Sunday evening, also along party lines, to pass the package, which President Joe Biden has said he would sign.Rep. Chip Roy, R-Texas, accused House Democrats of having “unicorn” energy policies.“My colleagues now today are going to dump hundreds of billions of dollars into corporate America, screwing over the American people every single day with tax audits, increased energy prices, and increased taxes,” Roy said. “Congratulations. Take that to the polls.”The bill allocates $79.6 billion to expanding the IRS to boost revenue to pay for […]
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