US Senate approves bill to fight climate change, cut drug costs
2 years, 4 months ago

US Senate approves bill to fight climate change, cut drug costs

Al Jazeera  

Democrats in the United States have passed a sweeping $430bn bill intended to fight climate change, lower drug prices and raise some corporate taxes, in a major victory for President Joe Biden. “This bill is going to change America for decades.” Schumer said the legislation contains “the boldest clean energy package in American history” to fight climate change while reducing consumer costs for energy and some medicines. The bill would invest nearly $375bn over the decade in climate change-fighting strategies including investments in renewable energy production and tax rebates for consumers to buy new or used electric vehicles. In all, Democrats believe the strategy could put the country on a path to cut greenhouse gas emissions 40 percent by 2030, and “would represent the single biggest climate investment in US history, by far”.

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History of this topic

It’s not just Democrats. Republicans are working to Trump-proof their climate money
1 month, 1 week ago

It’s not just Democrats. Republicans are working to Trump-proof their climate money

CNN  

CNN — President Joe Biden’s climate law is on the chopping block as Republicans prepare to have full control in Washington. “A full repeal would create a worst-case scenario where we would have spent billions of taxpayer dollars and received next to nothing in return,” Republicans wrote in the letter, adding they had heard from industry and constituents “who fear …

Biden administration details how producers of sustainable aviation fuel will get tax credits
7 months, 3 weeks ago

Biden administration details how producers of sustainable aviation fuel will get tax credits

Associated Press  

The Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production of sustainable aviation fuel and help curb fast-growing emissions from commercial airplanes. The Treasury Department actions would clear the way for tax credits for corn-based ethanol if producers follow “climate-smart agriculture practices,” including using certain fertilizers and farming methods. To qualify, sustainable aviation fuel, or SAF, …

Vermont advances bill requiring fossil fuel companies pay for damage caused by climate change
8 months, 3 weeks ago

Vermont advances bill requiring fossil fuel companies pay for damage caused by climate change

Hindustan Times  

The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. HT Image The state Senate is expected to give final approval this week to the proposal, which would create a program that fossil fuel companies would …

Vermont advances bill requiring fossil fuel companies pay for damage caused by climate change
8 months, 3 weeks ago

Vermont advances bill requiring fossil fuel companies pay for damage caused by climate change

Associated Press  

The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. The state Senate is expected to give final approval this week to the proposal, which would create a program that fossil fuel companies would pay into …

Biden making $20 billion available from ‘green bank’ for clean energy projects
1 year, 5 months ago

Biden making $20 billion available from ‘green bank’ for clean energy projects

Associated Press  

WASHINGTON — The Biden administration said Friday it is making available $20 billion from a federal “green bank” for clean energy projects such as residential heat pumps, electric vehicle charging stations and community cooling centers. Vice President Kamala Harris called the grant programs announced Friday “the largest investment in financing for community-based climate projects in our nation’s history,’' adding: “It’s …

'Tax scam': Republicans follow debt ceiling fight by proposing tax cuts for wealthy
1 year, 6 months ago

'Tax scam': Republicans follow debt ceiling fight by proposing tax cuts for wealthy

Raw Story  

After threatening to force the government into default over the debt ceiling, Republican lawmakers Friday introduced new tax cuts that could add at least $21 billion to the national deficit over the next decade. Three new GOP-backed bills would cut taxes for large companies, small businesses, and individual families while reducing clean energy tax incentives to pay for it. "This …

10 electric and plug-in hybrid cars that qualify for $7,500 tax cut
1 year, 8 months ago

10 electric and plug-in hybrid cars that qualify for $7,500 tax cut

Daily Mail  

It comes as the average cost of an electric vehicle fell slightly to $58,940 But a further seven can entitle buyers to $3,750, under new rules Only ten electric cars are eligible for the Government's $7,500 tax credits Motorists can claim up to $7,500 back in tax credits when they buy an electric vehicle thanks to a new scheme brought …

House GOP approves broad bill to ‘unleash’ American energy
1 year, 8 months ago

House GOP approves broad bill to ‘unleash’ American energy

Associated Press  

WASHINGTON — House Republicans on Thursday approved a sprawling energy package that seeks to undo virtually all of President Joe Biden’s agenda to address climate change. Biden has threatened to veto the bill, saying it would replace “pro-consumer policies” adopted in the landmark climate law approved last year “with a thinly veiled license to pollute.’' The bill would roll back …

US House Republicans face unity test with major energy bill
1 year, 8 months ago

US House Republicans face unity test with major energy bill

Firstpost  

The 175-page measure, dubbed the Lower Energy Costs Act, represents a top 2022 Republican campaign pledge to lower Americans’ energy costs by scaling back Democratic President Joe Biden’s climate policies and increasing oil and gas production through deregulation. Washington: The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a …

Manchin pushes to delay tax credits for electric vehicles
1 year, 10 months ago

Manchin pushes to delay tax credits for electric vehicles

Associated Press  

WASHINGTON — Ratcheting up his criticism, Democratic Sen. Joe Manchin on Wednesday moved to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. The climate law, officially known as the Inflation Reduction Act, “is first and foremost an energy security bill,” Manchin said, adding that the EV tax credits were supposed “to …

Manchin pushes to delay tax credits for electric vehicles
1 year, 10 months ago

Manchin pushes to delay tax credits for electric vehicles

Associated Press  

WASHINGTON — Ratcheting up his criticism, Democratic Sen. Joe Manchin on Wednesday moved to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. The climate law, officially known as the Inflation Reduction Act, “is first and foremost an energy security bill,” Manchin said, adding that the EV tax credits were supposed “to …

Federal study: New climate law to slice carbon pollution 40%
2 years, 4 months ago

Federal study: New climate law to slice carbon pollution 40%

Associated Press  

Clean energy incentives in the new spending package signed this week by President Joe Biden will trim America’s emissions of heat-trapping gases by about 1.1 billion tons by 2030, a new Department of Energy analysis shows. The first official federal calculations, shared with The Associated Press before its release Thursday, say that between the bill just signed and last year’s …

Healthcare to climate change: All you need to know about Joe Biden's big $740 billion bill
2 years, 4 months ago

Healthcare to climate change: All you need to know about Joe Biden's big $740 billion bill

Firstpost  

The bill will infuse nearly $375 billion over the decade in climate change-fighting strategies, which is the biggest investment ever in the US. Also in the legislation is a $2,000 cap on out-of-pocket prescription drug costs for Medicare recipients as well as a new 15 per cent corporate minimum tax to ensure big businesses pay their share. Republicans deride the …

The spending bill will cut emissions, but marginalized groups feel they were sold out
2 years, 4 months ago

The spending bill will cut emissions, but marginalized groups feel they were sold out

NPR  

The spending bill will cut emissions, but marginalized groups feel they were sold out Enlarge this image toggle caption Gerald Herbert/AP Gerald Herbert/AP The Inflation Reduction Act signed into law Tuesday by President Biden includes more than $360 billion to address climate change. While does designate some funding for disadvantaged communities, it's also subsidizing fossil fuels," says Juan Jhong-Chung, the …

What’s in big Biden bill? Health, climate goals become law
2 years, 4 months ago

What’s in big Biden bill? Health, climate goals become law

Associated Press  

WASHINGTON — President Joe Biden arrived at the White House promising to “build back” America, and legislation he signed Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea. Also in the legislation is a $2,000 cap on out-of-pocket prescription drug costs for Medicare recipients as well as a new 15% corporate minimum tax to ensure big …

Joe Biden to sign Democrats' landmark climate change and health care bill today
2 years, 4 months ago

Joe Biden to sign Democrats' landmark climate change and health care bill today

Firstpost  

The legislation includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients Kiawah Island: President Joe Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” …

Biden signs $740bn health, climate, tax ‘Inflation Reduction Act’
2 years, 4 months ago

Biden signs $740bn health, climate, tax ‘Inflation Reduction Act’

Al Jazeera  

The legislation, though less than Biden originally wanted, brings the largest investment to fight climate change in United States history. US President Joe Biden has signed a $740bn climate change, healthcare and tax bill into law, handing the Democratic Party a much-needed win ahead of the November midterm elections. In a signing ceremony at the White House on Tuesday, Biden …

U.S. Congress passes climate, health bill — a Joe Biden triumph
2 years, 4 months ago

U.S. Congress passes climate, health bill — a Joe Biden triumph

The Hindu  

A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their hold on Congress in November's elections. “Today is a day of celebration, a day we take another giant step in our momentous agenda," said …

US House gives Joe Biden a win with massive bill on climate change and drug prices
2 years, 4 months ago

US House gives Joe Biden a win with massive bill on climate change and drug prices

ABC  

The Democrat-led US House of Representatives has approved a $US430 billion bill that is seen as the biggest climate package in the country's history, delivering a major legislative victory for President Joe Biden ahead of the November 8 midterm elections. Key points: About half of Americans support the climate and drug pricing legislation, according to polls Democrats say the bill …

In Biden’s big bill: Climate, health care, deficit reduction
2 years, 4 months ago

In Biden’s big bill: Climate, health care, deficit reduction

Associated Press  

WASHINGTON — The biggest investment ever in the U.S. to fight climate change. Republicans deride the 730-page bill as big government overreach and point particular criticism at its $80 billion investment in the IRS to hire new employees and go after tax scofflaws. Here’s what’s in the estimated $740 billion package — made up of $440 billion in new spending …

House Passes Democrats’ Sweeping Climate And Health Bill
2 years, 4 months ago

House Passes Democrats’ Sweeping Climate And Health Bill

Huff Post  

LOADING ERROR LOADING Democrats gave President Joe Biden a big win for his economic and environmental agenda Friday as the House passed a sweeping bill to fight climate change, make seniors’ drugs cheaper and boost taxes on corporations. The bill was sharply pared back from the “Build Back Better” bill that passed the House last year and was stalled by …

US House poised to pass sweeping climate bill to push American energy to go green
2 years, 4 months ago

US House poised to pass sweeping climate bill to push American energy to go green

Firstpost  

The crux of the long-delayed bill, singularly pushed by Democrats in a closely divided Congress, is to use incentives to spur investors to accelerate the expansion of clean energy such as wind and solar power, speeding the transition away from the oil, coal and gas that largely cause climate change Washington: After decades of inaction in the face of escalating …

Sweeping climate bill pushes American energy to go green
2 years, 4 months ago

Sweeping climate bill pushes American energy to go green

Associated Press  

WASHINGTON — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The climate bill is likely to spur billions in private investment, she said: “That’s what’s going to be so transformative.” The bill promotes vital technologies such …

US Congress passes spending bill in win for Biden administration
2 years, 4 months ago

US Congress passes spending bill in win for Biden administration

Al Jazeera  

The bill has breathed life into the Democratic Party’s ambitions to retain control of Congress in upcoming elections. The US Congress has passed the Democratic Party’s climate and healthcare bill in what is likely to be considered the most substantial legislative success of his first term. The bill passed 220-207 on Friday and includes $375bn meant to encourage a shift …

US Senate approves bill to fight climate change, cut drug costs in win for Joe Biden
2 years, 4 months ago

US Senate approves bill to fight climate change, cut drug costs in win for Joe Biden

India Today  

The US Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections. "The Senate is making history," an elated Senate Majority Leader Chuck Schumer said, …

The Senate passes the Inflation Reduction Act and it moves on to the House
2 years, 4 months ago

The Senate passes the Inflation Reduction Act and it moves on to the House

NPR  

The Senate passes the Inflation Reduction Act and it moves on to the House LEILA FADEL, HOST: Senate Democrats have passed a major climate, health care and tax bill after months of negotiations. Senate Majority Leader Chuck Schumer celebrated the Inflation Reduction Act clearing the Senate, with Vice President Harris breaking the 50-50 tie. They've passed bipartisan gun reform, veterans …

US Democrats pass massive clean-energy, healthcare spending bill hoped to tackle inflation
2 years, 4 months ago

US Democrats pass massive clean-energy, healthcare spending bill hoped to tackle inflation

ABC  

The US Senate has passed a sweeping $US430 billion bill intended to fight climate change, lower drug prices, and raise some corporate taxes, in a major victory for beleaguered President Joe Biden. Key points: The bill went through the controversial budget reconciliation process which requires only a majority vote to pass Vice-President Kamala Harris was the tie-breaking vote in the …

U.S. Senate passes Biden’s mega health, climate bill; House to vote next
2 years, 4 months ago

U.S. Senate passes Biden’s mega health, climate bill; House to vote next

The Hindu  

Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical costs and taxing immense corporations. It includes the largest-ever federal effort on climate change — close to $400 billion — caps out-of-pocket drug costs …

US Democrats climate, energy, tax bill clears initial Senate hurdle
2 years, 4 months ago

US Democrats climate, energy, tax bill clears initial Senate hurdle

India TV News  

US Democrats pushed their election-year economic bill toward Senate approval early on Sunday, starting the sprawling collection of President Joe Biden's priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the end of this week. Republicans said Democrats' proposal would boost gasoline prices, a sore point for voters …

Dems change some tax provisions as they ready economic bill
2 years, 4 months ago

Dems change some tax provisions as they ready economic bill

Associated Press  

WASHINGTON — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda. In an unusual peek at closed-door bargaining, Schumer, D-N.Y., said Democrats dropped a proposed tax …

Democrats’ big package: What remains in and what’s out?
2 years, 4 months ago

Democrats’ big package: What remains in and what’s out?

Associated Press  

WASHINGTON — It’s nowhere near the $4 trillion proposal President Joe Biden first launched to rebuild America’s public infrastructure and family support systems but the compromise package of inflation-fighting health care, climate change and deficit reduction strategies appears on track toward Senate votes this weekend. What’s in, and out, of the Democrats’ “Inflation Reduction Act of 2022” as it stands …

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show
2 years, 4 months ago

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show

Huff Post  

LOADING ERROR LOADING The potential climate and economic benefits of the surprise reconciliation package Democrats unveiled last week and are likely to pass as soon as this weekend are starting to come into a clearer view. Researchers have crunched the numbers to forecast how the more than 100 climate provisions in the $740 billion deal, called the Inflation Reduction Act, …

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says
2 years, 4 months ago

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says

NPR  

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says Enlarge this image toggle caption J. Scott Applewhite/AP J. Scott Applewhite/AP Senate Democrats' massive bill to address climate change, taxes, health care and inflation will move forward in the Senate on Saturday afternoon, Majority Leader Chuck Schumer announced Thursday. Health Democrats may make some progress toward …

Here’s what’s in the Senate’s $369 billion climate and energy bill
2 years, 4 months ago

Here’s what’s in the Senate’s $369 billion climate and energy bill

Salon  

It's been a dangerously hot, rainy, fiery summer in the United States. And it contains a bounty of new funding for clean energy, mostly in the form of tax credits for businesses and individuals that would substantially reduce the nation's reliance on dirty fuels. There's also a whole slew of new tax credits that will help other forms of clean …

Dems seem headed for climate, health win after ups and downs
2 years, 4 months ago

Dems seem headed for climate, health win after ups and downs

Associated Press  

WASHINGTON — It’s been more than a year in the making and has seen plenty of ups and downs. “Improved tax collection, drug savings, and deficit reduction would put downward pressure on inflation,” the Committee for a Responsible Federal Budget said Friday. He said the measure would also “reduce inflation by slowing the growth of prescription-drug prices.” A more sobering …

The New Climate Bill’s Secret Weapon? Tax Credits
2 years, 4 months ago

The New Climate Bill’s Secret Weapon? Tax Credits

Wired  

On Wednesday, Democrats in the United States Senate announced they’d finally come to an agreement on a major climate bill, tucked inside the Inflation Reduction Act of 2022. It would allocate $369 billion toward energy security and climate action, juice domestic manufacturing of clean energy technologies like wind and solar power, steel communities against climate change, and prepare American agriculture …

Editorial: Surprise Senate deal on climate change should be only the beginning
2 years, 4 months ago

Editorial: Surprise Senate deal on climate change should be only the beginning

LA Times  

Sen. Joe Manchin III is met by reporters outside the hearing room where he chairs the Senate Committee on Energy and Natural Resources. Just weeks after President Biden’s climate agenda was declared dead because of opposition from West Virginia Sen. Joe Manchin III, a sudden reversal came Wednesday night: a deal to move forward with legislation to fight climate change. …

Unexpected deal would boost Biden pledge on climate change
2 years, 4 months ago

Unexpected deal would boost Biden pledge on climate change

Associated Press  

WASHINGTON — An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by the United States to address global warming and could help President Joe Biden come close to meeting his pledge to cut greenhouse gas emissions in half by 2030, experts said Thursday, as they sifted through a massive bill that revives action on …

Biden hails economic bill amid signs of broad Dem support
2 years, 4 months ago

Biden hails economic bill amid signs of broad Dem support

Associated Press  

WASHINGTON — President Joe Biden hailed a nascent Democratic package of climate, health care and tax initiatives as “a giant step forward” for the country Thursday as congressional leaders began nailing down votes for a campaign-season bill they’ve cast as a boon for voters struggling with inflation. After Schumer briefed Democratic senators on the 725-page measure, Sen. Chris Van Hollen, …

What’s in, and out, of Democrats’ inflation-fighting package
2 years, 4 months ago

What’s in, and out, of Democrats’ inflation-fighting package

Associated Press  

WASHINGTON — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change and deficit reduction strategies that appears headed toward quick votes in Congress. Lawmakers are poring over the …

What’s in, and out of, Democrats’ inflation-fighting package
2 years, 4 months ago

What’s in, and out of, Democrats’ inflation-fighting package

LA Times  

What started as a $4-trillion effort during President Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting healthcare, climate change and deficit reduction strategies that appears headed toward quick votes in Congress. What’s in, and out, of the Democrats’ 725-page measure, called …

Joe Manchin Rules Out New Climate Spending, Tax Hikes
2 years, 5 months ago

Joe Manchin Rules Out New Climate Spending, Tax Hikes

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Sen. Joe Manchin threw up another roadblock to President Joe Biden’s economic agenda, potentially dealing his party a massive setback ahead of the November midterm elections and dashing hopes for meaningful action to combat climate change. “Let’s wait until that comes out, so we know we’re going down a path that won’t be inflationary,” Manchin …

Biden Says Energy Plan Will Fight Climate Change, Inflation In State Of The Union Speech
2 years, 9 months ago

Biden Says Energy Plan Will Fight Climate Change, Inflation In State Of The Union Speech

Huff Post  

LOADING ERROR LOADING President Joe Biden honed a pragmatic new message on climate change in his first State of the Union speech Tuesday evening, recasting his sweeping proposal to spend more than any country ever has on clean energy as a way to simultaneously combat the rise in U.S. planet-heating emissions and inflation. And we’ll do it to withstand the …

Harris unveils plan for electric vehicle charging network
3 years ago

Harris unveils plan for electric vehicle charging network

Associated Press  

WASHINGTON — The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry. Just like filling up your car with gas.” The auto industry already is moving toward electric vehicles, Harris added: “We need …

US climate pledge faces test in Senate with global impact
3 years, 1 month ago

US climate pledge faces test in Senate with global impact

Associated Press  

WASHINGTON — After talking the climate talk at U.N. negotiations in Scotland, the Biden administration now tests whether a divided United States can walk the climate walk: push a massive investment for a new era of clean energy through the narrowest of margins in the Senate. “The problem is that when you have these storms that are coming with such …

House OKs $2T social, climate bill in Biden win; Senate next
3 years, 1 month ago

House OKs $2T social, climate bill in Biden win; Senate next

Associated Press  

WASHINGTON — A fractious House handed President Joe Biden a marquee victory Friday by approving a roughly $2 trillion social and environment bill, as Democrats cast aside disputes that for months had stalled the measure and hampered efforts to sell their priorities to voters. The bill “will be the pillar of health and financial security in America,” said House Speaker …

Biden Reaches $550 Billion Climate Compromise Days Before Major UN Summit
3 years, 1 month ago

Biden Reaches $550 Billion Climate Compromise Days Before Major UN Summit

Huff Post  

President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol. Kent Nishimura via Getty Images Just a week after fossil fuel stalwarts in his own party killed his signature carbon-cutting proposal, President Joe Biden announced Thursday a compromise …

Biden proposes $1.85 tn social security and climate plan
3 years, 1 month ago

Biden proposes $1.85 tn social security and climate plan

The Hindu  

In a bid to unite Democrats on Capitol Hill around an agenda-defining social security and climate action Bill, U.S. President Joe Biden visited Capitol Hill on Thursday morning, proposing a $1.85 trillion legislative package. Key elements left out The new ‘Build Back Better’ proposal, which has been linked to a $1 trillion infrastructure Bill that passed the Senate and is …

Democrats try delicate tax maneuvers for $3.5 trillion bill
3 years, 3 months ago

Democrats try delicate tax maneuvers for $3.5 trillion bill

Associated Press  

WASHINGTON — House Democrats began the serious work of trying to implement President Joe Biden’s expansive spending plan, but getting there will require remarkable legislative nimbleness, since Biden has said the revenue to pay for it must come only from Americans who earn more than $400,000 a year. For middle- and low-income people, tax help, not increase, is on offer …

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