After years of failed attempts to pass major legislation to combat climate change, the U.S. Senate's Inflation Reduction Act is poised to become largest U.S. climate legislation in history.
The bill would divert nearly $370 billion to climate and energy security measures, aimed at slashing greenhouse gas emissions around 40% by 2030 and curbing consumer energy costs at the same time.
Credits of several thousand dollars for the purchase of zero-emissions electric vehicles: up to $7,500 for new EVs and $4,000 for used electric cars. Transportation generates around a quarter of U.S. greenhouse gas emissions. Credits for production of nuclear and hydrogen power. The Biden administration considers nuclear and hydrogen energy to be vital to decarbonization.
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Democrats advance the Inflation Reduction Act, setting up Senate 'vote-a-rama'BREAKING: Senate Democrats passed their first procedural vote on the Inflation Reduction Act. Vice President Harris cast the tie-breaking vote.
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Senate approves to advance Inflation Reduction Act with VP Harris breaking tieThe package, a dwindled version of earlier multitrillion-dollar measures that Democrats failed to advance, has become a partisan battleground over inflation, gasoline prices and other issues that polls show are driving voters.
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By 51-50 margin, Senate votes to begin debate on Inflation Reduction ActDemocrats pushed the legislation through the evenly divided chamber, with Vice President Kamala Harris breaking the tie and overcoming unanimous Republican opposition.
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Senate opens debate on Biden-backed Inflation Reduction ActThe Inflation Reduction Act of 2022 is up for debate on the Senate floor. A final vote could come soon.
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Senate enters 'Vote-a-rama' as the 'Inflation Reduction Act' comes closer to being passedIt includes the largest ever federal effort on climate change - close to $400 billion - hands Medicare the power to negotiate pharmaceutical prices and extends expiring subsidies that help 13 million people afford health insurance.
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Senate nears passage of Inflation Reduction Act after overnight debateThe package, a dwindled version of earlier multitrillion-dollar measures that Democrats failed to advance, has become a partisan battleground over inflation, gasoline prices and other issues that polls show are driving voters.
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