US House Passes Landmark $430 Billion Inflation Reduction Act, Measure Now Heads to Biden

Aug 12, 2022 | EARNINGS

The Inflation Reduction Act was approved by the Senate last Sunday, delivering the Biden administration a significant legislative victory before the November midterm elections. With all Republicans voting against it and all Democrats voting for it, along with Independent Senator Bernie Sanders, the bill passed by a vote of 51–50.

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