- U.S. Senator Bernie Sanders slammed Biden’s Inflation Reduction Act of 2022, saying it will do little to rein in rampant inflation
- The Senate voted 51-50 to debate Democrats’ bill on climate, energy, health and taxes, with Vice President Kamala Harris presenting the tie-breaking vote
- Dems were united behind Biden’s reconciliation bill for the first time as Senators Joe Manchin and Sen. Kyrsten Sinema voted with their party
- The moderate Democrats showed their support following deals with Senate Majority Leader Chuck Schumer, who called it a historic bill
- Republicans slammed the Inflation Reduction Bill as unnecessary spending that would only hurt Americans economically
By ASSOCIATED PRESS and RONNY REYES FOR DAILYMAIL.COM
PUBLISHED: 15:00 BST, 6 August 2022 | UPDATED: 07:10 BST, 7 August 2022
U.S. Senator Bernie Sanders said Biden’s Inflation Reduction Act of 2022 will not bring down rampant inflation and would only have a ‘minimal impact.’
After Vice President Kamala Harris broke a tie in the Senate to push the reconciliation bill through the initial hurdle in a 51-50 vote, lawmakers began debating the bill, with Sanders offering a realistic outlook over the measure.
‘I want to take a moment to say a few words about the so-called Inflation Reduction Act’ that we are debating this evening,’ Sanders, of Vermont, said on the Senate floor. ‘And I say so-called, by the way, because according to the CBO, and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation.’
The package, a dwindled version of earlier multi trillion-dollar measures that Democrats failed to advance, has become a partisan battleground over inflation, gasoline prices and other issues that polls show are driving voters.
It lists a sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes, but Sanders said it would do little for the average American dealing with the highest levels of inflation in 41 years.