Congress gave final approval to the Inflation Reduction Act, which will lower the cost of prescription drugs, extend health care subsidies and invest billions into climate and energy programs.
Tag: Federal Budget (US)
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The Inflation Reduction Act Is a Huge Deal for the Climate
On climate, Biden got almost everything he wanted.
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Democrats’ Long-Sought Plan for Lowering Drug Costs Is at Hand
Empowering Medicare to negotiate prices directly with drug makers has been a Democratic goal for 30 years, one the pharmaceutical industry has fought ferociously.
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Senate Passes Burn Pits Legislation, Expanding Benefits for Veterans
Republicans who had blocked the bill, which would extend benefits to an estimated 3.5 million veterans, allowed it to pass after trying unsuccessfully to limit funding for the treatments.
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Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible
Despite Republican claims, the new legislation would be only a modest corporate tax increase, Congress’s Joint Committee on Taxation found.