"House Is Set to Pass Climate, Tax and Health Package"

"The passage of the bill, which appeared dead just weeks ago, would cap a Democratic effort to deliver on major components of President Biden’s agenda."

"WASHINGTON — The House was poised on Friday to pass major components of President Biden’s domestic agenda, capping Democrats’ effort to push into law a climate, tax and health care package that appeared dead just weeks ago.

Lawmakers are set to return from their scheduled summer recess for one day to vote on the legislation, which faces unanimous Republican opposition. Mr. Biden is expected to sign the measure soon after. The Senate approved it on Sunday.

The legislation would pour more than $370 billion into climate and energy programs aimed at helping the United States cut greenhouse gas emissions by an estimated 40 percent below 2005 levels by the end of the decade. It would also extend for three years expanded subsidies under the Affordable Care Act, as well as fulfill a long-held Democratic goal to lower the cost of prescription drugs by allowing Medicare to directly negotiate prices and capping the annual out-of-pocket cost for recipients at $2,000."

Emily Cochrane reports for the New York Times August 12, 2022.

Source: NYTimes, 08/12/2022