• Home
  • Insight
  • Blog
  • Business
  • Entertainment
  • Health
  • Politics
  • Shop
    • Gift Shop
    • Value Shop
    • Store
    • Bargain Shop
    • Discount
  • Sports
  • Tech
  • Travel
  • USA
  • Video
  • World
    • Asia
    • Africa
    • South America
    • North America
    • Europe
    • Oceania
Thursday, July 30, 2026
No Result
View All Result
Subscribe Now
  • Home
  • Insight
  • Blog
  • Business
  • Entertainment
  • Health
  • Politics
  • Shop
    • Gift Shop
    • Value Shop
    • Store
    • Bargain Shop
    • Discount
  • Sports
  • Tech
  • Travel
  • USA
    TX Rep. Brandon Gill Mocks James Talarico Over Fauci Action Figure Post

    TX Rep. Brandon Gill Mocks James Talarico Over Fauci Action Figure Post

    NBA players are ‘being taught’ to flop

    NBA players are ‘being taught’ to flop

    Industry was warned for years about chemical ‘runaway’ dangers. Then came near-catastrophe in O.C.

    Industry was warned for years about chemical ‘runaway’ dangers. Then came near-catastrophe in O.C.

    Trump administration seeks government-wide NDAs to stop leaks : NPR

    Trump administration seeks government-wide NDAs to stop leaks : NPR

    Dog discharges shotgun inside truck, striking woman at Nebraska traffic light

    Dog discharges shotgun inside truck, striking woman at Nebraska traffic light

    Toshifumi Suzuki, Japan’s ‘God’ of Convenience Stores, Dies at 93

    Toshifumi Suzuki, Japan’s ‘God’ of Convenience Stores, Dies at 93

     Judge Sanctioned CoreCivic for Destroying Video in ICE Death Suit

     Judge Sanctioned CoreCivic for Destroying Video in ICE Death Suit

    Suspect dead after opening fire near White House security checkpoint, Secret Service says

    Suspect dead after opening fire near White House security checkpoint, Secret Service says

    Trump trashes Colbert’s high-rated finale as “no ratings”

    Trump trashes Colbert’s high-rated finale as “no ratings”

  • Video
  • World
    • Asia
    • Africa
    • South America
    • North America
    • Europe
    • Oceania
The Insight Post
  • Home
  • Insight
  • Blog
  • Business
  • Entertainment
  • Health
  • Politics
  • Shop
    • Gift Shop
    • Value Shop
    • Store
    • Bargain Shop
    • Discount
  • Sports
  • Tech
  • Travel
  • USA
    TX Rep. Brandon Gill Mocks James Talarico Over Fauci Action Figure Post

    TX Rep. Brandon Gill Mocks James Talarico Over Fauci Action Figure Post

    NBA players are ‘being taught’ to flop

    NBA players are ‘being taught’ to flop

    Industry was warned for years about chemical ‘runaway’ dangers. Then came near-catastrophe in O.C.

    Industry was warned for years about chemical ‘runaway’ dangers. Then came near-catastrophe in O.C.

    Trump administration seeks government-wide NDAs to stop leaks : NPR

    Trump administration seeks government-wide NDAs to stop leaks : NPR

    Dog discharges shotgun inside truck, striking woman at Nebraska traffic light

    Dog discharges shotgun inside truck, striking woman at Nebraska traffic light

    Toshifumi Suzuki, Japan’s ‘God’ of Convenience Stores, Dies at 93

    Toshifumi Suzuki, Japan’s ‘God’ of Convenience Stores, Dies at 93

     Judge Sanctioned CoreCivic for Destroying Video in ICE Death Suit

     Judge Sanctioned CoreCivic for Destroying Video in ICE Death Suit

    Suspect dead after opening fire near White House security checkpoint, Secret Service says

    Suspect dead after opening fire near White House security checkpoint, Secret Service says

    Trump trashes Colbert’s high-rated finale as “no ratings”

    Trump trashes Colbert’s high-rated finale as “no ratings”

  • Video
  • World
    • Asia
    • Africa
    • South America
    • North America
    • Europe
    • Oceania
No Result
View All Result
No Result
View All Result
Home Politics

Biden signs Democrats’ climate investments, drug prices bill

by Theinsightpost
August 16, 2022
in Politics
0 0
0
Biden signs Democrats’ climate investments, drug prices bill



WASHINGTON — 

At a moment when American democracy looks increasingly vulnerable, President Biden and Democrats pointed to their third landmark bill as evidence that American government is working once again.

A nearly $400-billion investment in clean energy subsidies will mark the United States’ most serious effort ever to combat climate change. A cap on prescription drug costs will ensure that seniors on Medicare pay no more than $2,000 a year for their medications. And an extension on subsidies provided during the COVID-19 pandemic will lower healthcare costs for 13 million Americans.

None of these long-sought changes to U.S. law appeared likely a month ago, when last-ditch negotiations between Senate Majority Leader Charles E. Schumer (D-N.Y.) and Sen. Joe Manchin, (D-W.Va.), his party’s critical 50th vote in the evenly divided Senate, appeared to break down.

But on Tuesday, President Biden sat at a small desk in the White House State Dining Room, scrawled his name in ink on the $700-billion Inflation Reduction Act, and made all those changes a reality.

Biden characterized the package as evidence of Democrats’ commitment to achieving their policy goals. “We are in a season of substance,” he said before signing the bill into law. “Today offers further proof that the soul of America is vibrant; the future of America is bright and the promise of America is real and just beginning.”

The legislation, the president added, “is about showing the American people that the democracy still works in America — notwithstanding all that all the talk of its demise.”

Democrats, despite their slim congressional majorities, have now managed — at seemingly the last possible second — to deliver on several of their 2020 campaign promises. The deal is far less than what Biden had hoped for when he threw his weight behind a $3.5-trillion proposal that included paid family leave, a child tax credit extension and other benefits for working families a year ago. But the ultimate compromise amounts to far more than most Democrats expected earlier this summer. After months of frustrations with Manchin, many Democrats are ecstatic that, in the end, his bill went as far as it does.

The final compromise sailed through the Senate and then the House, even without a single Republican vote. The House approved the measure, 220 to 207, on Friday, just days after it squeaked through the Senate with Vice President Kamala Harris breaking a 50-50 tie.

Democratic lawmakers have given themselves another accomplishment to showcase for voters this fall, one that casts the Biden presidency, bogged down by a difficult 12-month stretch, in a new light.

Last week, Biden signed a bipartisan bill to boost domestic microchip production, another providing healthcare for veterans exposed to toxic materials on the battlefield and formal accession protocols for Finland and Sweden to join the North Atlantic Treaty Organization, a move the Senate approved on a 95-1 vote. With Tuesday’s signing of the Inflation Reduction Act, Biden’s aides argue that his first-term legislative accomplishments surpass those of his recent predecessors.

The Inflation Reduction Act passed on a party-line vote, as did 2021’s $1.9-trillion American Rescue Plan. But the microchip bill, the veterans health bill and last year’s $1-trillion infrastructure overhaul all won cross-party support, fulfilling a Biden vow to bring bipartisan legislating back to Washington.

“For anyone who thought Washington was broken, and couldn’t do big things, Democrats have shown real change is possible,” Schumer said at Tuesday’s signing ceremony.

But despite Republican and Democrats’ renewed willingness to work together in Congress, American democracy remains under threat.

Biden’s predecessor, under investigation on multiple fronts, continues to test the country’s faith in its own Constitution, undermining the rule of law and stoking America’s already sectarian politico-cultural divisions.

President Trump’s enduring grip on an angry and increasingly anti-democratic Republican electorate is likely to be confirmed Tuesday evening, when Rep. Liz Cheney (R-Wyo.), who has used her place on the House select committee investigating the Jan. 6, 2021, insurrection to lambaste the former president, is likely to lose to a primary challenger backed by Trump. And near nonstop cable news coverage of Trump’s legal exposure in the week following the FBI’s search and recovery of boxes of highly classified material from his Palm Beach, Fla., estate has already overwhelmed coverage of Democratic wins on Capitol Hill.

“Republicans are talking about elections being stolen and how they won’t certify [the vote] in 2024 and Democrats are talking about how they’re passing historic legislation. They are just in totally different universes,” said Sarah Longwell, a GOP consultant, media personality and founder of the group Republican Voters Against Trump.

The parties’ disagreement over the merits of the Inflation Reduction Act will be a critical point of contrast as they campaign this fall. The bill’s $375 billion in spending, tax credits and loans includes measures aimed at boosting adoption of solar panels, improving home energy efficiency, adding emission-reducing equipment to coal- and gas-powered power plants, and implementing air pollution controls for farms, ports and low-income communities. Democrats hope that together, those efforts will make a significant dent in carbon emissions over the next decade.

“This bill is the biggest step forward on climate ever,” Biden said Tuesday.

In the short term, the bill delivers what environmental activists and many younger voters were clamoring for.

“This bill meets the moment,” said Pete Maysmith, senior vice president of campaigns at the League of Conservation Voters. “By getting the biggest investment to combat the climate crisis ever across the finish line, the Democrats married needed policy with smart politics.”

Longwell’s recent focus groups with Democratic voters, she noted, have been marked by a sudden enthusiasm that had been missing for months. The spurt of legislative achievements, she said, “helps beat back on that narrative that Democrats are inept and impotent.”

“The reason it feels like it’s the best of times and the worst of times is because of the [Supreme Court’s] abortion decision and all of these Trump acolytes winning Republican primaries,” she continued. “Democrats see some wins but also the threat that’s shaping up, and that’s refocusing the conversation so it’s not entirely about inflation and the economy.”

While Democrats plan to make the case that they have done what they promised to do, Republicans will say that the additional spending is reckless during a period of runaway inflation and that the tax hikes on corporations, which Democrats say will offset the new spending and reduce the deficit, will instead stifle economic growth.

The GOP has also criticized the package’s $80 billion in new funding to the Internal Revenue Service, which will allow for the hiring of thousands of new employees to ease agency backlogs and conduct more audits of taxpayers. Although Democrats insist the additional audits will focus on the wealthy, Republicans have sought to convince middle-class voters that they too will face increased scrutiny.

“The partisan bill President Biden signed into law today means higher taxes, higher energy bills, and aggressive IRS audits,” Sen. Mitch McConnell (R-Ky.), the top Republican in the Senate, tweeted Tuesday afternoon.

Manchin, who spoke with reporters at the White House after the ceremony, insisted the new law would live up to its name and reduce inflation over time. “Tell me another time that we paid down the debt, provided more energy, lowered the prices at the pump, lowered the prices at home,” he said. “In any other time, this would have been a bipartisan bill.”

Bullish that the package on the whole is a political winner, the White House is set to launch an August campaign blitz, with Cabinet members traveling to 23 states to explain the benefits of the measure.

“Our internal polling shows that messages touting the cost-lowering features of the Inflation Reduction Act — lowering healthcare costs, prescription drug costs, and utility bills — are among the highest testing messages ever,” White House senior advisor Anita Dunn and Deputy Chief of Staff Jen O’Malley Dillon wrote in a memo last week. “We will make clear that the President and Congressional Democrats beat the special interests and delivered what was best for the American people.”

At the signing ceremony, Biden offered a preview of his party’s campaign-season rhetoric, saying that “Democrats sided with the American people and every single Republican in the Congress sided with the special interests.”

Democrats will hold a larger “celebration” for the legislation on Sept. 6, when lawmakers are back in Washington.





Source link

ShareTweetSend
Previous Post

MLB Live: Blue Jays vs. Orioles on Sportsnet

Next Post

Kristin Chenoweth’s bleeped ‘Celebrity Family Feud’ answer stuns Steve Harvey

Related News

Hochul Challenger Bruce Blakeman Needs to Make Mayor Mamdani Respect His Authority! – RedState
Politics

Hochul Challenger Bruce Blakeman Needs to Make Mayor Mamdani Respect His Authority! – RedState

July 30, 2026
‘We Have Not Seen Ugly Yet’
Politics

‘We Have Not Seen Ugly Yet’

May 28, 2026
Los Angeles’s Shameful Scrimping on Fire Safety
Politics

Los Angeles’s Shameful Scrimping on Fire Safety

May 27, 2026
Trump Has A Memorial Day Meltdown As His Iran Deal Looks Fake
Politics

Trump Has A Memorial Day Meltdown As His Iran Deal Looks Fake

May 26, 2026
Next Post
Kristin Chenoweth’s bleeped ‘Celebrity Family Feud’ answer stuns Steve Harvey

Kristin Chenoweth's bleeped 'Celebrity Family Feud' answer stuns Steve Harvey

Discussion about this post

Subscribe To Our Newsletters

    Customer Support


    1251 Wilcrest Drive
    Houston, Texas
    77042 USA
    Call-832.795.1420
    e-mail – news@theinsightpost.com

    Subscribe To Our Newsletters

      Categories

      • Africa
      • Africa-East
      • African Sports
      • American Sports
      • Arts
      • Asia
      • Australia
      • Business
      • Business Asia
      • Business- Africa
      • Canada
      • Defense
      • Education
      • Egypt
      • Energy
      • Entertainment
      • Europe
      • European Soccer
      • Finance
      • Germany
      • Ghana
      • Health
      • Insight
      • International
      • Investing
      • Japan
      • Latest Headlines
      • Life & Living
      • Markets
      • Mobile
      • Movies
      • New Zealand
      • Nigeria
      • Politics
      • Scholarships
      • Science
      • South Africa
      • South America
      • Sports
      • Tech
      • Travel
      • UK
      • USA
      • Weather
      • World
      No Result
      View All Result

      Recent News

      US Navy to overhaul torpedo stockpile under new two-war strategy

      US Navy to overhaul torpedo stockpile under new two-war strategy

      July 30, 2026
      Free Cloud Computing Course | AWS Re/Start Program 

      Free Cloud Computing Course | AWS Re/Start Program 

      July 30, 2026
      Thirty Years Later

      Thirty Years Later

      July 30, 2026
      Announcing Codemagic Patch: an open-source CodePush rebuild for React Native

      Announcing Codemagic Patch: an open-source CodePush rebuild for React Native

      July 30, 2026
      • Home
      • Advertise With Us
      • About Us
      • Corporate
      • Consumer Rewards
      • Forum
      • Privacy Policy
      • Social Trends

      Theinsightpost ©2026 | All Rights Reserved. Theinsightpost is an Elnegy LLC company, registered in Texas, USA

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In

      Add New Playlist

      We are using cookies to give you the best experience on our website.

      You can find out more about which cookies we are using or switch them off in .

      No Result
      View All Result
      • Home
      • Insight
      • Blog
      • Business
      • Entertainment
      • Health
      • Politics
      • Shop
        • Gift Shop
        • Value Shop
        • Store
        • Bargain Shop
        • Discount
      • Sports
      • Tech
      • Travel
      • USA
      • Video
      • World
        • Asia
        • Africa
        • South America
        • North America
        • Europe
        • Oceania

      Theinsightpost ©2026 | All Rights Reserved. Theinsightpost is an Elnegy LLC company, registered in Texas, USA

      The Insight Post
      Powered by  GDPR Cookie Compliance
      Privacy Overview

      This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

      Strictly Necessary Cookies

      Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

      Cookie Policy

      More information about our Cookie Policy