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Tag Archive for: inflationreductionact

President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in US history
Solar Industry News

Biden signs inflation act, hands pen to Manchin

President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices and high inflation.

At a White House event, Biden was joined by Democratic leaders including Senator Joe Manchin of West Virginia, whose support was crucial to passage of the Inflation Reduction Act along party lines, after he blockaded much larger measures pushed by the White House.

“Joe, we never had a doubt,” Biden said of Manchin. Biden later handed Manchin the pen he used to sign the legislation.

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Source: Reuters

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August 17, 2022/0 Comments/by Panel The Planet
https://www.paneltheplanet.com/wp-content/uploads/2022/08/ptp-081722-1.jpg 418 800 Panel The Planet https://www.paneltheplanet.com/wp-content/uploads/2016/03/panel-the-planet-logo-horiz11-300x123.png Panel The Planet2022-08-17 13:45:082022-08-17 13:40:02Biden signs inflation act, hands pen to Manchin
The Senate approved a sweeping package to combat climate change, lower health-care costs, raise some taxes and reduce the federal deficit
Solar Industry News

Senate approves Inflation Reduction Act, providing boon to solar industry

The Senate on Sunday approved a sweeping package to combat climate change, lower health-care costs, raise taxes on some billion-dollar corporations and reduce the federal deficit, as Democrats overcame months of political infighting to deliver the centerpiece to President Biden’s long-stalled economic agenda.

The party-line vote was a milestone in a tumultuous journey that began last year when Democrats took control of Congress and the White House with a promise to bring financial relief to ordinary Americans. With a tiebreaking vote from Vice President Harris, the 50-50 Senate sent the bill to the House, which aims to approve it and send it to the White House for Biden’s signature later this week.

Dubbed the Inflation Reduction Act of 2022, the package would authorize the biggest burst of spending in U.S. history to tackle global warming — about $370 billion to reduce greenhouse gas emissions to 40 percent below their 2005 levels by the end of this decade. The proposal also would make good on Democrats’ years-old pledge to reduce prescription drug costs for the elderly.

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Source: The Washington Post

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August 9, 2022/0 Comments/by Panel The Planet
https://www.paneltheplanet.com/wp-content/uploads/2022/08/ptp-080922-2.png 418 800 Panel The Planet https://www.paneltheplanet.com/wp-content/uploads/2016/03/panel-the-planet-logo-horiz11-300x123.png Panel The Planet2022-08-09 13:45:462022-08-09 14:18:14Senate approves Inflation Reduction Act, providing boon to solar industry

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