BREAKING: House passes the Inflation Reduction Act in party line vote. The bill now heads to Pres. Biden's desk.
Democratic members of the House of Representatives embrace and give high-fives after the Inflation Reduction Act of 2022 passed 220-207 on the House floor at the Capitol, Aug. 12, 2022.over uniform Republican opposition, sending the multibillion-dollar climate, health and tax bill to President Joe Biden’s desk to be signed into law.
President Joe Biden soon tweeted his reaction to the House passage: "Today, the American people won. Special interests lost.”“With the passage of the Inflation Reduction Act in the House, families will see lower prescription drug prices, lower health care costs, and lower energy costs," he wrote, and said he planned to sign the bill next week.
House Speaker Nancy Pelosi speaks at her weekly press conference on Capitol Hill, Aug. 12, 2022, in Washington, D.C.Despite the legislation's name, Republicans have pointed out, it will have only a negligible effect on inflation in the short term, the nonpartisan Congressional Budget Office found.At a press conference ahead of the vote, House Speaker Nancy Pelosi was questioned on whether the bill could actually tame high -- but slightly cooling -- inflation in the next months.
Over half of the House voted by-proxy, which prolonged the bill’s passage by designating a certain member to cast in-person votes on behalf of other absent lawmakers.
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