August 8, 2022

Senate Democrats reach agreement on changes to their filings Marquee of economic legislationThey announced late Thursday, removing a major obstacle to pushing one of President Joe Biden’s top priorities in an election year through the chamber in the coming days.

Senator Kirsten Senema, D-Arizona, a centrist who was seen as the pivotal vote, said in a statement that she agreed to changes to the tax and energy provisions of the measure and was ready to “move forward” on the measure. Inflation Reduction Act.

Senate Majority Leader Chuck Schumer, a Democrat from New York, said lawmakers had reached a compromise “that I think would have the support” of all of the House Democrats. His party needs unanimity to move the measure through the Senate 50-50, along with a deciding vote for Vice President Kamala Harris.

Schumer said he hopes the Senate will begin voting on energy, environmental, health and tax measures on Saturday. The passage of the House of Representatives, which is narrowly controlled by Democrats, may come next week.

The election year bill, which includes the priorities of President Joe Biden and Democrats in Congress, would provide hundreds of billions in spending and tax credits to spur clean energy, boost fossil fuels, and renew government support for people who buy private health insurance. It will increase revenue through higher taxes, strengthen tax collections for the IRS and restrictions on drug prices, which will save money for the government and patients.

“We prioritize the middle class and working families, rather than those at the top. God bless them, they’re doing well,” Schumer said.

Democrats need to garner the support of all of their lawmakers to win the Senate 50-50 and avoid a blatant defeat themselves, similar to the one they suffered last November over a much larger version of the package. Republicans are going to oppose the legislation as one, arguing that higher taxes and spending would exacerbate inflation and hurt the economy.

“What do the Democrats want to do with all the money they want to drain out of Americans’ pockets in the midst of a recession?” said Senate Minority Leader Mitch McConnell. “They want to spend hundreds of billions of dollars on an issue that exactly 3% of the country say is our biggest problem: environmental and climate spending from the far left.”

The Senate will not be in session Friday. The pause will also provide time for Parliamentary Senator Elizabeth McDonough to decide whether any provision of the law violates the Chamber’s rules and should be removed.

Republicans want to eliminate as much of the bill as possible, either with McDonough’s provisions or with ongoing voting expected to run through Sunday or beyond.

Even if the Republican Party’s amendments are defeated, they will consider the job accomplished if they force Democrats to risk campaign season elections on sensitive issues such as taxes, inflation and immigration.

Vice President Kamala Harris can vote to break the tie 50-50 and approve the law.

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