(RepublicanWire.org) – Vice President Kamala Harris cast a tie-breaking vote Saturday to advance President Joe Biden’s massive spending, tax and climate legislation in the Senate.
The 51-50 party line vote allowed senators to begin debate on the legislation, which includes $400 billion in spending and $700 billion in taxes and revenue increases.
Senator Bernie Sanders slammed the Inflation Reduction Act (IRA) negotiated by Senate Majority Leader Chuck Schumer and Senator Joe Manchin, in part because of a recent nonpartisan report that revealed the bill would do very little to actually reduce inflation.
“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 said on Saturday. “I say so-called because according to the [Congressional Budget Office] and other economic organizations that have studied this bill, it will in fact have a minimal impact on inflation.”
Senate Majority Leader Chuck Schumer hailed the legislation as a “groundbreaking bill for the American people, for families struggling to pay the bills, for seniors struggling to pay for medication, for kids struggling with asthma.”
A letter sent to House and Senate leadership from 230 economists argues that the Inflation Reduction Act is expected to contribute to skyrocketing inflation and will burden the U.S. economy, contrary to President Biden and Democrats’ claims.
That in fact, passage of the bill will only add fuel to the fire making already 40-year high inflation even worse.
The 755-page bill is expected to win final approval Sunday evening.