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The Build Back Better Act, which passed the House on September 27, 2021, was used by the Senate as the legislative vehicle for this legislation. On August 6, 2022 Senate Majority Leader Chuck Schumer proposed an amendment which would replace the text of the previously passed bill with the text of the Inflation Reduction Act of 2022.
The Inflation Reduction Act will likely go to a vote in the U.S. House this week. While we don’t anticipate North Carolina Republicans to stray from the party, we hope that they don’t take ...
Votes by Vice President Kamala Harris played a critical role in passing Democratic legislation, including the American Rescue Plan and the Inflation Reduction Act. In addition, Harris gave the Democratic Party majority-control of the Senate. [13]
Most of the Inflation Reduction Act’s spending is on tax credits — for buying electric vehicles, electric heat pumps, solar panels and so on — and Republicans tend to be less opposed to tax ...
On Wednesday, House Republican leaders unveiled a budget proposal that would roll back all federal spending enacted since 2021, including the $370 billion in the Inflation Reduction Act (IRA ...
Not one Senate Republican voted for what most of their voters need and want. What does it mean when politicians are policy-phobic and compromise-averse? Calmes: GOP voters will benefit from the ...
Finally, the deal would reportedly add a new 1% excise tax on stock buybacks. That provision, another late addition to gain Sinema's support, will reportedly bring in $73 billion to the U.S. Treasury.
The Senate passed Democrats’ Inflation Reduction Act on a party-line vote Sunday afternoon, delivering the long-awaited centerpiece to President Biden’s agenda. Democrats rallied behind the ...