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President Joe Biden and the Senate Democrats, on Aug. 7, pushed through the Inflation Reduction Act of 2022, which they claim will fight inflation, lower the federal deficit, and support the green economic polices that they claim will generate economic growth.
The vote was 51–50, with Vice President Kamala Harris casting the tie-breaking vote.
The Senate is scheduled next week to begin voting on a reconciliation bill with the House that may put all of the Build Back Better tax and spending increases back on the table.
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