HomeLegislationV.P. Harris Breaks 50-50 Deadlock To Advance 'Inflation Reduction Act', Heads To...

V.P. Harris Breaks 50-50 Deadlock To Advance ‘Inflation Reduction Act’, Heads To A Vote

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The Senate voted along party lines Saturday afternoon to advance the ‘Inflation Reduction Act’ that Democrats claim will reduce the deficit, tackle climate change and lower the cost of prescription drugs, moving one step closer to President Biden signing off on the bill before the midterm elections.

WATCH:

The ‘Inflation Reduction Act’ AKA Build Back Better Lite, has the GOP in an uproar over the fact that analysts predict will raise taxes on all income brackets. The Democrats, including Joe Manchin, say that isn’t true despite the Joint Committee On Taxation claiming that ‘most Americans will feel the pain’.

The bill received its blessing from moderate Democratic Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona after Senate Democratic leader Chuck Schumer led the party to deals earning their cooperation while removing a provision that had targeted closing a tax loophole for hedge fund managers, according to UPI.

Democrats could pass the package through the Senate as soon as the weekend with a simple majority in a budget process known as reconciliation that allows them to avoid a filibuster as Republicans unanimously oppose the bill, CNN reported.

In the reconciliation process, Senate parliamentarian Elizabeth MacDonough approved the bill’s climate provisions and most of its plans targeting drug pricing, The Washington Post reported.

After the procedural vote, the upper chamber then went through a process known as a “vote-a-rama” on each of the bill’s provisions before an expected final vote on party lines.

The bill would then need to be approved by the House, which is expected to take up the legislation Friday before it can be sent to President Joe Biden’s desk to be signed into law.

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