The Senate Inflation Reduction Act Is the Largest Climate Change Legislation Ever Enacted

After a year of negotiations between democrats progressive wing and their more conservative flank, the senate passed the inflation reduction act. By a 51 to 50 vote, with vice pres and camela harris casting the tie breaking vote. In the end, the legislation will spend about 430 billion dollars, including 369 billion dollars on energy and climate initiatives,. Another 64 billion dollars on federal subsidies for health insurance through the affordable care act for another three years. It will raise new revenue through taxes on large and profitable corporations, as well as increase i r s enforcement.