The bill offers $4,000 in tax credits for low- and middle-income drivers to buy used electric vehicles and up to $7,500 in credits for those drivers to purchase new electric vehicles.
But the bill doesn't get the country all the way to its goals of reaching a point where no new greenhouse gas emissions are being released into the atmosphere, also known as "net zero." Under the Paris climate agreement, the U.S. and other countries have committed to reducing emissions as quickly as possible to try to keep worldwide warming below 1.
"It contains provisions that would expand oil and gas leasing, both on shore and offshore, in ways that we think is actually quite unhelpful. It's unnecessary from an energy standpoint and, quite importantly, they can impose significantly more pollution on already overburdened communities," he told ABC.
RepMcGovern Where is all that green fraud money going? To your buddies. Meanwhile there are 3 'green' line items on my electric bill driving up my costs. Only registered Democrats should pay those. I'm not falling for your con game.
It'll do nothing more than make poor people poorer by making energy cost higher.
In Singapore they passed a climate change bill taxes were raised jobs were lost the cost of fuel + food went up the economy colasped this is what democrats want to bring to America
Just as effective as the covid vaccine.
RepMcGovern You damn well nothing you state is the truth? The cost will be passed on through those of us who work. Our electric bills will go up and we pay for Medicare drug controls. We already pay for socialist countries universal health care. Why don’t you jerks just be honest for once
I fully support this act. A great investment that is both paid for, and will save us more than we spend
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How will Utah GOP congressmen vote on Democrat Inflation Reduction Act?Utah's four Republican congressmen are expected Friday to vote against the Democrats' Inflation Reduction Act, which aims to address taxes, health care spending and climate change. What is going on? Rampant Inflation. How did we get here? Unchecked government spending. What are you going to do about it? Spend half-a-trillion more dollars!! How is that going to help? We will name this new unchecked government spending 'The Inflation Reduction Act' Of course the spineless Utah republicans are against anything to help Americans. They are already against: Healthcare for veterans American’s personal rights Equality Safety for law enforcement Consequences for treason You left out that it aims to hire 87,000 armed IRS agents whose job description includes the use of lethal force via firearm.
Source: KSLcom - 🏆 549. / 51 Read more »
Democrats pass major health, climate and tax bill along party lines; Biden signing next weekEvery House Democrat on Friday voted to pass the Inflation Reduction Act over Republican opposition, sending the climate, health and tax bill to President Joe Biden JUST IN: Pres. Biden lauds the passage of the Inflation Reduction Act, saying he will sign it into law next week: 'Today, the American people won. Special interests lost.' 🎉🎉🎉💙💙💙🎉💙🎉💙🎉💙 Doomsday for the dems at the ballot boxes. They have lied to us one too many times.
Source: ABC - 🏆 471. / 51 Read more »
With the Inflation Reduction Act, the US brings climate goals within reachFinally. It does not: It also is said that Dems will pass a bill to codify & protect drilling from being stopped by future presidents by Exec order. How can you write this up? Shameful. If only it could do something about inflation. Like it will do any good with China dropping out of all previous deals! They are the 1 polluter in the world! this old hag is just in for personal gain!
Source: verge - 🏆 94. / 67 Read more »
Paul Krugman: The Inflation Reduction Act Is 'A Very Big Deal' For The ClimateThis article describes how economist and journalist Paul Krugman interprets the passage of the Inflation Reduction Act.
Source: cleantechnica - 🏆 565. / 51 Read more »
The Inflation Reduction Act is changing electric car tax creditsThe Inflation Reduction Act rewrites the rules regarding electric vehicle tax credits and adds restrictions on maximum sale prices and income eligibility. So now the rich get more tax breaks! Destroy Paradise and they are building parking lots. Funny how Ford just increased their EV truck 8500 due to 'extra costs'
Source: FoxBusiness - 🏆 458. / 53 Read more »
GOP missteps help Democrats deliver their biggest win to dateThe Inflation Reduction Act represents the biggest legislative accomplishment of either party since the Affordable Care Act passed more than a decade ago. MaddowBlog This doesn't change the fact that the elections were rigged MaddowBlog What they said: How they voted: MaddowBlog LOL
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