Senate Environment and Public Works Committee Republicans handed down a report card on the Democrats' signature Inflation Reduction Act, giving it a resounding 'F.'
The report highlighted several"example IRA programs," including a $27 billion"Greenhouse Gas Reduction Fund," $5 billion in"Climate Pollution Reduction Grants," $3 billion in"Environmental and Climate Justice Block Grants," and other initiatives totaling $41.5 billion in funding for the Environmental Protection Agency via the law.
Biden admitted Thursday that Democrats' signature Inflation Reduction Act wasn't as much about actually reducing the then-record-high inflation facing the nation as he originally touted to the American people. "And so, we're now in a situation where if you take a look at what we're doing in the Inflation Reduction Act, we're literally reducing the cost of people being able to make their — meet their basic needs," Biden said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vice President Kamala Harris to visit Seattle, give address on Inflation Reduction ActThe White House announced Vice President Kamala Harris will visit Seattle on Tuesday to speak about the Inflation Reduction Act. FOX13
Read more »
White House rips GOP for Inflation Reduction Act repeal attempts before anniversaryThe White House criticized Republicans for trying to repeal the Inflation Reduction Act and its climate change mitigation provisions after at least 96 people were confirmed dead due to the Maui, Hawaii, wildfires.
Read more »
Biden shifts rhetoric on Inflation Reduction Act ahead of law’s first anniversaryPresident Biden is hailing the one-year anniversary of his signature Inflation Reduction Act by pitching it as a catalyst for economic growth, rather than his initial claims that it would be a prescription for high prices plaguing consumers.
Read more »
Vice President Kamala Harris visits Seattle to discuss clean energyThe Vice President’s visit coincided with the first anniversary of the Inflation Reduction Act.
Read more »
Kevin McCarthy Urges House Republicans to Pass Spending Bills to Counter Senate DemocratsHouse Speaker Kevin McCarthy (R-CA) said Monday that House Republicans should pass their spending bills to counter Senate Democrats.
Read more »