Senate Passes $700 Billion ‘Inflation Reduction’ Bill

The Senate on Sunday passed the $700 billion Inflation Reduction Act, a scaled-down version of the Build Back Better Act.

The Senate voted to pass H.R. 5376, otherwise known as the Inflation Reduction Act, 51-50. The legislation passed on a party-line vote, with Vice President Kamala Harris breaking the tie.

“It’s been a long, tough and winding road,” Sen. Chuck Schumer (D-NY) said ahead of the vote.
The Inflation Reduction Act arose after Schumer and Sen. Joe Manchin (D-WV) struck a deal on a slimmed-down version of the Build Back Better Act. The Inflation Reduction Act focuses on reducing the deficit and curbing inflation, extending enhanced Obamacare subsidies, spending more than $300 billion on climate change programs, and allowing Medicare to negotiate the price of drugs.

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Read the article here: https://www.breitbart.com/politics/2022/08/07/senate-passes-700-billion-inflation-reduction-bill/