The U.S. House has voted 220-207 along party lines to approve the Democrats' $740 billion climate, health and tax bill. alabamanewsnetwork
House Speaker Nancy Pelosi of Calif., speaks at her weekly press conference on Capitol Hill, Friday, Aug. 12, 2022, in Washington. A divided Congress has given final approval to Democrats’ $740 billion climate, health and tax bill, handing President Joe Biden a victory on coveted priorities that the party hopes will bolster their prospects for keeping their hold on Congress in November’s elections.
“Democrats, more than any other majority in history, are addicted to spending other people’s money, regardless of what we as a country can afford,” said House Minority Leader Kevin McCarthy, R-Calif. “I can almost see glee in their eyes.” Another $64 billion would help 13 million people pay premiums over the next three years for privately bought health insurance. Medicare would gain the power to negotiate its costs for pharmaceuticals, initially in 2026 for only 10 drugs. Medicare beneficiaries’ out-of-pocket prescription costs would be limited to $2,000 starting in 2025, and beginning next year would pay no more than $35 monthly for insulin, the costly diabetes drug.
Few IRS personnel are armed, and Democrats say the bill’s $80 billion, 10-year budget increase would be to replace waves of retirees, not just agents, and modernize equipment. They have said typical families and small businesses would not be targeted, with Treasury Secretary Janet Yellen directing the IRS this week to not “increase the share of small business or households below the $400,000 threshold” that would be audited.
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