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