GOVERNANCE - Inflation Reduction Act

"How Democrats coalesced around the Inflation Reduction Act" PBS NewsHour 8/8/2022

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SUMMARY:  After working through the weekend, Democrats are on the cusp of passing an historic, half-trillion dollar spending package.  It's a mere fraction of what President Biden first sought more than a year ago, but significant nonetheless.  Lisa Desjardins is here to unpack what's in the deal and how party leaders managed to shepherd it to the finish line when losing a single vote would have sunk it.

 

 

"What the reconciliation bill would do to boost clean energy and combat global warming" PBS NewsHour 8/8/2022

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SUMMARY:  If the House passes the Inflation Reduction Act in the coming days it will lead to by far the biggest investment the federal government has made on tackling climate change.  Several estimates have indicated the initiative may mean a 40 percent reduction in America’s carbon emissions by 2030 from 2005 figures.  Paul Bledsoe of the Progressive Policy Institute joins William Brangham to discuss.

 

 

"Senate Majority Leader Chuck Schumer discusses Democrats’ major climate and health bill" PBS NewsHour 8/9/2022

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SUMMARY:  President Biden on Tuesday signed the bipartisan CHIPS Act into law, just days before his top health care, tax and climate change bill known as the Inflation Reduction Act heads to the House, where it's likely to pass after proceeding through the Senate along party lines.  Senate Majority Leader Chuck Schumer, who played a key role in getting the bill passed, joins Judy Woodruff to discuss.

 

 

"How the Inflation Reduction Act could affect your taxes" PBS NewsHour 8/10/2022

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SUMMARY:  There’s a $1 trillion gap between what Americans owe in taxes and what the government collects.  The Democrats’ budget deal would unleash nearly 100,000 new IRS agents to round up all that missing money.  Former IRS Commissioner John Koskinen joins Lisa Desjardins to discuss the impact the crackdown on tax evaders will have on the nation’s bottom line.

 

 

"Democrats celebrate legislative win in passing of climate, health and tax bill" PBS NewsHour 8/8/2022

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SUMMARY:  Congressional Democrats are celebrating a landmark legislative victory after passing the Inflation Reduction Act, which President Biden is set to sign into law this week.  Meanwhile, the Justice Department is investigating Donald Trump for potentially violating the Espionage Act after classified documents were found in his home.  Special correspondent Jeff Greenfield joins Geoff Bennett to discuss.