Senate Democrats approve Biden economic package; House to vote next

The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden's priorities, a stunning turnaround of what had seemed a lost and doomed effort that suddenly roared back to political life. Cheers broke out as Senate Democrats held united, 51-50, with Vice President Kamala Harris casting the tie-breaking vote after an all-night session.

“It's been a long, tough and winding road, but at last, at last we have arrived,” said Senate Majority Leader Chuck Schumer, D-N.Y., ahead of final votes. Despite the momentary setback, the “Inflation Reduction Act” gives Democrats a campaign-season showcase for action on coveted goals. It includes the largest-ever federal effort on climate change - close to $400 billion - caps out-of-pocket drug costs for seniors on Medicare to $2,000 a year and extends expiring subsidies that help 13 million people afford health insurance. By raising corporate taxes, the whole package is paid for, with some $300 billion extra revenue for deficit reduction.

“Democrats have already robbed American families once through inflation, and now their solution is to rob American families a second time,” Senate Minority Leader Mitch McConnell, R-Ky., argued. It was the bill's chief protection for the 180 million people with private health coverage they get through work or purchase themselves. Under special procedures that will let Democrats pass their bill by simple majority without the usual 60-vote margin, its provisions must be focused more on dollar-and-cents budget numbers than policy changes.

What a bunch of suckers the people who voted for this are. Just another monstrous load of pork.

Print more hundreds of $Billions to give away. Sounds like Trudeau's plan for fighting inflation.

USA keeps crumbling

This will be the final Nail in this Coward’s coffin. Joe Biden and his Anti White racist comrades have not only guaranteed high inflation to stay, but have also now insured a long Recession. Not a big win but a major loss for the Americans and us in Canada. Tragedy. 😎😎😎

Of course they did. Biden and Hunter true gangsters baby. If you can defraud the government always do it. Learn from those two devils.

Massive W

This is a HUGE win for the Biden administration.

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