Sen. Ron Wyden, D-Ore., speaks with reporters on Capitol Hill in Washington, Saturday, Aug. 6, 2022. WASHINGTON — — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting theon climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the end of this week.
“The time is now to move forward with a big, bold package for the American people,” said Senate Majority Leader Chuck Schumer, D-N.Y. “This historic bill will reduce inflation, lower costs, fight climate change. It’s time to move this nation forward.” Nonpartisan analysts have said the legislation, which Democrats have named the Inflation Reduction Act, would have a minor impact on the nation’s worst inflation bout in four decades. Even so, it would take aim at issues the party has longed to address for years including global warming, pharmaceutical costs and taxing immense corporations.
Another, by Graham, was defeated; it would have erased a fee Democrats want to renew on barrels of oil that raises money for hazardous waste cleanups. Republicans said Democrats' proposal would boost gasoline prices, a sore point for voters after this summer's record pump prices.
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