After pulling an all-nighter, the Senate passed the Inflation Reduction Act — another huge win for the Biden administration — that will bring down prescription drug costs, set aside $300 billion to fight climate change, and revise the tax code so companies that make $1 billion or more are charged a 15% minimum tax (which should bring in about $300 B in revenue.)
Note: not one Republican voted for the bill which made VP Kamala Harris the tie-breaker.
Here’s Senator Chris Coons (D) discussing the challenges of getting the Senate to pass the Inflation Reduction Act and what he says it will do to solve health care and climate change issues.