House Democrats Send Climate Change and Tax Bill to Biden

 

We ran the numbers: There are 3,089 news articles covering this topic. 47% (1,460) are left-leaning, 28% (876) are centrist, and 24% (753) are right-leaning.

House Democrats signed the Inflation Reduction Act, sending the bill aimed at addressing global warming, raising taxes, and lowering prescription drug costs to President Biden. While left-leaning articles focus on details of the bill, right-leaning articles focus on Republican reaction to the bill.

A left-leaning article from The Washington Post discusses how the bill includes $370 billion to tackle climate change, the largest investment in climate change to date. The bill will also lower drug costs for seniors and will revise tax laws, including instituting a minimum tax on billion-dollar corporations, to pay for the spending.

The Hill published a centrist article reporting on how the bill provides incentives for businesses to reduce their carbon emissions by using reduced-carbon and carbon-free energy sources. The Inflation Reduction Act will also create programs for increased climate investment, allow Medicare to negotiate lower drug prices for select drugs, and provide $80 billion to improve IRS enforcement.  

A right-leaning article from Fox News discusses how Republicans opposed the bill over criticisms that it will worsen the U.S. economy and create new burdens for American workers. House Minority Leader Kevin McCarthy (R-CA) told voters to “remember this day when Democrats jammed through a 700-page bill that raises your taxes and doubles the size of the IRS.”



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