% CHERGOSKY, THANK YOU VERY MUCH
% FOR JOINING US.
% >> THANK YOU.
% >> A SWEEPING CLIMATE HEALTH AND
% TAX BILL DUBBED BY DEMOCRATS AS
% THE INFLATION REDUCTION ACT WENT
% TO THE FLOOR OF THE U.S. HOUSE
% TODAY FOR PASSAGE.
% LAST WEEKEND THE SENATE PASSED
% THE MEASURE WITH 0 REPUBLICANS
% VOTING IN FLAVOR.
% $437 BILLION SPENDING BILL
% INCLUDES NEARLY 370 BILLION
% INVESTMENT IN ENERGY AND CLIMATE
% REFORM.
% IT INCLUDES 60 BILLION FOR
% RENEWABLE ENERGY INFRASTRUCTURE
% AND ALSO CONSUMER TAX CREDITS
% FOR ELECTRIC VEHICLES.
% ON THE HEALTHCARE SIDE, THE BILL
% INCLUDES ALLOWING THE FEDS TO
% NEGOTIATE PRESCRIPTION DRUG
% PRICES FOR MEDICARE, AND EXTENDS
% SUBSIDIES FOR AFFORDABLE CARE
% ACT HEALTH PLANS, AND THE
% MEASURE CREATES A 15% MINIMUM
% TAX FOR CORPORATIONS MAKING
% $1 BILLION OR MORE IN INCOME.
% ALL TOLD, BRINGING IN MORE THAN
% $300 BILLION IN REVENUE.
% ONE PART OF THE BILL GETTING
% NOTICE FROM FOLKS WHO MIGHT BE
% IN THE MARKET FOR CLEAN CARS, A
% NEW $7,500 TAX CREDIT FOR NEW
% ELECTRIC VEHICLES, AND A $4,000
% CREDIT FOR USED ELECTRIC
% VEHICLES.
% >> THE INFLATION REDUCTION ACT
% WILL LOWER ENERGY COSTS FOR
% CONSUMERS AND HELP US MEET OUR
% LONG-TERM'S EMISSION GOALS TO
% COMBAT CLIMATE CHANGE.
% >> FRESH OFF VOTING FOR THE
% MEASURE, TAMMY BALDWIN TOURED A
% MADISON COMPANY BUILDING OUT
% ELECTRIC CHARGING STATIONS WITH
% THE LOCAL UTILITY.
% >> TRANSPORTATION IS THE LEADING
% CONTRIBUTOR TO GREENHOUSE GAS
% EMISSIONS IN THE UNITED STATES.
% ADVANCING ELECTRIC
% TRANSPORTATION POWERED BY AN
% INCREASINGLY CLEANER ELECTRIC
% GRID IS KEY TO CREATING A MORE
% SUSTAINABLE FUTURE, LOCALLY AND
% GLOBALLY.
% >> FOR HER PART, BALDWIN HERALDS
% THE CONGRESSIONAL LEGISLATION.
% >> THE INFLATION REDUCTION ACT
% MAKES THE BIGGEST INVESTMENT IN
% COMBATTING CLIMATE CHANGE THAT %
WE HAVE EVER MADE IN THE UNITED
% STATES.
% >> I MEAN, THEY ARE DOING
% THINGS --
% >> U.S. SENATOR RON JOHNSON WAS
% AMONG ALL THE REPUBLICANS WHO
% VOTED AGAINST THE MEASURE AND
% AMONG OTHER THINGS RELEASED A
% STATEMENT CALLING ITS TITLE A
% MISNOMER, SAYING THE ORWELLIAN
% NAMED INFLATION REDUCTION ACT
% WILL DO NO SUCH THING.
% THIS IS A GREEN ENERGY FANTASY
% TO DRIVE THE COST OF ENERGY UP
% RATHER THAN DOWN.
% JOHNSON ALSO BLASTS THE 15% TAX
% ON BILLION DOLLARS PLUS