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Senate Passes Inflation Reduction Act

It's a sweeping piece of legislation impacting climate change, healthcare and more

On Sunday, the Senate passed Democrats' sweeping economic package designed to combat climate change, address healthcare costs and raise taxes on large corporations, marking a crucial achievement for President Joe Biden and his party as they look to maintain their hold on Congress in the November midterm elections.

The plan, called the Inflation Reduction Act, cleared the upper chamber by a vote of 51 to 50 along party lines, with Vice President Kamala Harris providing the tie-breaking vote in the evenly divided Senate.  Democrats used a fast-track legislative process known as reconciliation to pass the measure in the face of unanimous opposition from Republicans.

"It's been a long, tough and winding road but at last, at last, we have arrived," Senate Majority Leader Chuck Schumer said in remarks on the Senate floor as members prepared to vote for final passage. "Today, after more than a year of hard work, the Senate is making history. I am confident the Inflation Reduction Act will endure as one of the defining legislative feats of the 21st century."

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