U.S. Senate Majority Leader Chuck Schumer (D-NY) holds his weekly news conference after the Democratic caucus party luncheon at the U.S. Capitol in Washington, August 2, 2022.
Jonathan Ernst | Reuters
The $430 billion climate change, health-care and tax bill passed by the U.S. Senate on Saturday delivers a major win for Democrats, and will help reduce the carbon emissions that drive climate change while also cutting costs for the elderly.
Democrats hope the bill, which they pushed through the Senate over united Republican opposition, will boost their chances in the Nov. 8 midterm elections, when Republicans are favored to recapture the majority in at least one chamber of Congress.
The package, called the Inflation Reduction Act, is a dramatically scaled-back version of a prior bill backed by Democratic President Joe Biden that was blocked by maverick Senate Democrats Joe Manchin and Kyrsten Sinema as too expensive.
“It’s what the American people want,” Senate Majority Leader Chuck Schumer told reporters. “We’re prioritizing the middle class, working families, those struggling to get to the middle class, instead of what Republicans do: prioritize those at the very top.”
The Senate’s partisan 51-50 vote, with the tiebreaking vote coming from Vice President Kamala Harris, sends the legislation on to the Democratic-controlled House of Representatives, which is expected to pass it on Friday, after which Biden could sign it into law.
Republicans blasted the bill as a spending “wish…
