With no Republican support, House passes the ‘Inflation Reduction Act’

It’s official: the Democrats’ so-called Inflation Reduction Act will be signed into law.

Breitbart News reports that this week, the U.S. House of Representatives passed the $700 billion piece of legislation. 

This action comes roughly one week after the Democrats of the U.S. Senate passed the bill. Despite using budget reconciliation to bypass the Senate filibuster, they still needed the tie-breaking vote of Vice President Kamala Harris to get the bill through the upper chamber.

Now, the bill is headed to President Joe Biden’s desk to be signed into law.

220–207

Considering the Democrats’ lead in the House, it was expected that the “Inflation Reduction Act” would pass, and it did on Friday.

The final vote tally was 220–207. The vote went along party lines with no Republicans supporting the bill, and no Democrats voting against it. But, with budget reconciliation in play, it was enough to see the bill through.

It’s bad news

The reason why we constantly refer to the bill as the so-called Inflation Reduction Act is that it isn’t going to reduce inflation — the Congressional Budget Office and a number of Democrats have already admitted as much.

Instead, the bill reads like a slimmed-down version of Biden’s Build Back Better Act. Breitbart News reports that it creates “hundreds of billions of dollars in green energy slush funds for the federal government to dole out,” it extends “enhanced Obamacare subsidies for three years,” it allows “Medicare to negotiate the price of drugs,” and more.

On top of this, it raises taxes, and it increases IRS funding by $80 billion in order to up the enforcement of tax laws.

What now?

The only thing that could stop the bill from becoming law, at this point, is Biden not signing it, and that’s not going to happen.

While Democrats are spinning this as a huge success, using it to boost their chances in the midterm elections, Republicans are attempting to use the bill against the Democrats by making sure that Americans know the truth about it. We’ll have to see how this plays out in the upcoming elections.

But, the bottom line is that America, for now, is stuck with this legislation.

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