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Well, they did it. For the second time in two years, democrats in the Senate held together to pass a fiscal package via a process known as budget reconciliation. The climate, tax, and health care bill—dubbed the Inflation Reduction Act (IRA)—received its deciding vote (51-50) from Vice-President Harris on Sunday afternoon. Every republican voted against it. Now it’s over to the House, where it is expected to pass later this week, and then on to President Biden for his signature....The LensThey Did ItStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie
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Well, they did it. For the second time in two years, democrats in the Senate held together to pass a fiscal package via a process known as budget reconciliation. The climate, tax, and health care bill—dubbed the Inflation Reduction Act (IRA)—received its deciding vote (51-50) from Vice-President Harris on Sunday afternoon. Every republican voted against it. Now it’s over to the House, where it is expected to pass later this week, and then on to President Biden for his signature....The LensThey Did ItStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie
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Mike Norman considers the following as important:
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Well, they did it. For the second time in two years, democrats in the Senate held together to pass a fiscal package via a process known as budget reconciliation. The climate, tax, and health care bill—dubbed the Inflation Reduction Act (IRA)—received its deciding vote (51-50) from Vice-President Harris on Sunday afternoon. Every republican voted against it. Now it’s over to the House, where it is expected to pass later this week, and then on to President Biden for his signature....The Lens
They Did It
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/they-did-it