Another global story at this hour in a major victory for U.S president Joe Biden . The U.S Senate on Sunday passed the four hundred and thirty billion dollar bill. The bill is designed to combat climate change address healthcare costs and raise taxes on large corporations.
Now after a marathon two-day week in session the senate approved the legislation known as the inflation reduction act . It was passed by 5150party line vote with vice president Kamala Harris casting the Thai breaking vote.
Meanwhile the U.S president Joe Biden praised the senate democrats for passing the plan and acknowledge that it required many compromises in a statement he said and I quote the senate democrats sided with American families over special interest voting to lower
cost of prescription drugs health insurance and everyday energy cost and also reduce the deficit he further said that when he run for presidency he had made a promise to make government for working families and that is exactly what this bill does. The inflation
reduction act contains a series of proposals that democrats have labored for decades tp push through and if enacted it would be the most significant climate law ever to put in place in the united states America investing hundreds of billions of dollars over 10 years in
tax credits for manufacturing facilities for things like electric vehicles wind turbines and solar panels . It would also impose a pee to penalize excessive emissions of a methane a greenhouse gas the bill will now be presented in the house of representatives for an
expected Friday vote and if it is passed then it will be forwarded the white house for Biden signature .
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