On Friday, the House of Representatives passed theInflation Reduction Actwith a vote of 220-207.
No Republicans voted for the bill.
Vice President Kamala Harris cast the tie-breaking vote in the Senate.
Like in the House, no Republicans in the Senate supported the bill.
The legislation will now advance to Biden, who’s expected to quickly sign it into law.
But the majority of the spending will be used to tackle the climate crisis.
Biden called the bill the “largest investment ever in combating the existential crisis of climate change.”
How will the Inflation Reduction Act promote clean, renewable energy use?
The bill extends several tax credits already available for renewable energy.
It also creates new incentives for investment in clean energy technology.
That’s also a major part of this bill.
It also includes tax credits to consumers to buy electric vehicles, solar panels and battery storage.
There are also credits for the purchase of electric vehicles for commercial use.
Is the bill expected to move the needle on goals for reducing carbon emissions?
Climate experts say the bill could reduce US emissions by about 40% below 2005 levels by 2030.
This would mark a significant step toward guarding against the worst consequences associated with global warming.
Biden had previously set a goal ofreducing greenhouse gas emissionsin the country by at least 50% by 2030.
Is there anything in the bill for them?
The bill also penalizes companies emitting excessive amounts of methane.
How is the bill expected to affect the economy?
Why are some environmentalists upset or concerned by the bill?
In spite of his opposition to these provisions in the bill, Sanders ultimately voted for it.
