Senate Majority Leader Chuck Schumer and Sen. Joe Manchin surprised Washington this week with their announcement of a deal on a spending package that aims to address health care costs, combat climate change and tackle the deficit.
about new federal spending amid rising consumer prices. But a breakthrough emerged Wednesday with the Inflation Reduction Act, breathing new life into President Biden's domestic policy agenda.put forth by Mr. Biden last year, the president on Wednesday threw his support behind the deal from Schumer and Manchin, saying in a statement it will address high health care costs and inflation, and invest in the nation's energy security.
The increased tax enforcement will bring in an estimated $124 billion, according to the Congressional Budget Office. According to the Congressional Budget Office, the extension of the subsidies will cost $64 billion over 10 years.The legislation invests $369 billion in energy security and climate change proposals and reduces carbon emissions by approximately 40% by 2030, Democrats said in aSenate Democrats herald the plans to combat climate change as representing the"single biggest climate investment in U.S. history.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Schumer urges Senate to pass his deal with Manchin before August recessSenate Majority Leader Schumer told fellow Democrats during a closed-door meeting that he's aiming to pass a major spending bill ahead of the chamber's August recess, according to a Democrat inside the meeting.
Leer más »
Dems start racing the clock — and Senate rules — to pass Manchin-blessed dealSenate Democrats are locking arms and diving into a behind-the-scenes scrub to ensure their $700 billion-plus climate, tax and health care bill complies with the chamber's strict rules for avoiding a filibuster.
Leer más »
Jim Matherly runs for seat P in the Alaska State SenateJim Matherly is running to represent seat P in the Alaska State Senate.
Leer más »
Alex Jafre runs for seat P in the Alaska State SenateAlex Jafre is running for seat P in the Alaska State Senate.
Leer más »
Federal judge orders Texas to comply with Senate investigation into residential treatment facilitiesTexas has removed foster youth from at least one facility managed by companies being investigated by U.S. senators. 48 youth remain at 11 facilities, according to a federal judge.
Leer más »