{"id":1576681,"date":"2022-07-28T12:55:06","date_gmt":"2022-07-28T16:55:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1576681"},"modified":"2022-07-28T12:55:27","modified_gmt":"2022-07-28T16:55:27","slug":"dems-new-spending-bill-imposes-methane-tax-to-fund-environmental-justice-programs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-new-spending-bill-imposes-methane-tax-to-fund-environmental-justice-programs\/","title":{"rendered":"Dem\u2019s New Spending Bill Imposes Methane Tax To Fund \u2018Environmental Justice\u2019 Programs"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdems-new-spending-bill-imposes-methane-tax-to-fund-environmental-justice-programs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1576681&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Senate Democrats agreed Wednesday to the biggest climate spending package in U.S. history, including billions in new taxes on methane emissions that will fund \u201cenvironmental justice\u201d programs for marginalized communities.<\/p>\n<p>Democratic Sens. Joe Manchin and Chuck Schumer salvaged a deal on an economic bill they dubbed \u201cThe Inflation Reduction Act of 2022\u201d that places new fees on methane emissions and devotes hundreds of billions of dollars to climate change initiatives, <a href=\"https:\/\/s3.documentcloud.org\/documents\/22122279\/inflation-reduction-act-of-2022.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to the bill\u2019s text. The proposed legislation would place new taxes on energy firms\u2019 methane emissions beginning in 2025, invest nearly $370 billion in \u201cenergy security and climate change\u201d and spend billions to protect disadvantaged communities from the effects of climate change.<\/p>\n<p>The package will spend $60 billion on protecting low-income areas and communities of color that are more affected by environmental pollution. The bill will also offer large sums of money to the green industry, including direct-pay options to support domestic green energy manufacturers over the next five years. <strong><a href=\"https:\/\/dailycaller.com\/2022\/07\/27\/joe-manchin-will-support-reconciliation-package\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Joe Manchin Says He Will Support Reconciliation Package, Claims It Is \u2018Responsible Path Forward\u2019)<\/a><\/strong><\/p>\n<p>The bill will raise about $739 billion in total, with a large portion of the money coming from a 15% corporate minimum tax and increased tax enforcement operations conducted by the Internal Revenue Service, as well as potential savings from enabling Medicare to negotiate prescription drug prices, according <span class=\"mf-jss1072 mf-jss1112\"><span id=\"editable-content-within-article~0~17~0\" class=\"mf-jss1074 mf-jss1113\">to the package summary<\/span><\/span>.<\/p>\n<p>Climate provisions in the deal also provide tax credits for electric vehicles (EVs) that can offer up to $4,000 to subsidize the purchase of used vehicles and $7,500 for new vehicles. Individuals and married couples with incomes under $75,000 and $150,00 would be eligible for the tax breaks for used electric cars, while those with incomes up to $300,000 would be eligible for the write-offs on new vehicles.<\/p>\n<p>The average EV owner has an annual household income of more than $100,000, <a href=\"https:\/\/www.fuelsinstitute.org\/Research\/Reports\/EV-Consumer-Behavior\/EV-Consumer-Behavior-Report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to a 2021 report published by The Fuels Institute. Meanwhile, the average price of a new EV is roughly $66,000, <a href=\"https:\/\/mediaroom.kbb.com\/2022-07-12-New-Vehicle-Prices-Set-a-Record-in-June,-According-to-Kelley-Blue-Book,-as-Luxury-Share-Hits-New-High\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a>\u00a0to Kelly Blue Book.<\/p>\n<div id=\"attachment_7487623\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-7487623\" class=\"size-full wp-image-7487623\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-scaled-1.jpg\" alt=\"\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-scaled-1.jpg 2560w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-180x120.jpg 180w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-620x413-1.jpg 620w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-768x512-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-1536x1024-1.jpg 1536w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/GettyImages-1233356182-2048x1365-1.jpg 2048w\" \/><\/p>\n<p id=\"caption-attachment-7487623\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 JUNE 9: Sen. Joe Manchin (D-WV) walks through the Dirksen Senate Office building on Capitol Hill on June 9, 2021 in Washington, DC. Over the weekend, Manchin announced that he will not support the For The People Act, the voting rights legislation that Democrats are trying to pass through the Senate. (Photo by Drew Angerer\/Getty Images)<\/p>\n<\/div>\n<p><span class=\"mf-jss1072 mf-jss1092\"><span id=\"editable-content-within-article~0~8~0\" class=\"mf-jss1074 mf-jss1093\">The bill also <\/span><\/span><span class=\"mf-jss1072 mf-jss1094\"><span id=\"editable-content-within-article~0~9~0\" class=\"mf-jss1074 mf-jss1095\">provides\u00a0<\/span><span id=\"editable-content-within-article~0~9~1\" class=\"mf-jss1074 mf-jss1096\">consumers\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1097\"><span id=\"editable-content-within-article~0~10~0\" class=\"mf-jss1074 mf-jss1098\">with\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1099\"><span id=\"editable-content-within-article~0~11~0\" class=\"mf-jss1074 mf-jss1100\">tax\u00a0<\/span><span id=\"editable-content-within-article~0~11~1\" class=\"mf-jss1074 mf-jss1101\">credits\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1102\"><span id=\"editable-content-within-article~0~12~0\" class=\"mf-jss1074 mf-jss1103\">for\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1104\"><span id=\"editable-content-within-article~0~13~0\" class=\"mf-jss1074 mf-jss1105\">making\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1106\"><span id=\"editable-content-within-article~0~14~0\" class=\"mf-jss1074 mf-jss1107\">their\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1108\"><span id=\"editable-content-within-article~0~15~0\" class=\"mf-jss1074 mf-jss1109\">homes\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1110\"><span id=\"editable-content-within-article~0~16~0\" class=\"mf-jss1074 mf-jss1111\">more\u00a0<\/span><\/span><span class=\"mf-jss1072 mf-jss1112\"><span class=\"mf-jss1074 mf-jss1113\">energy-efficient and supports the development of solar and wind farms, <a href=\"https:\/\/www.democrats.senate.gov\/imo\/media\/doc\/inflation_reduction_act_one_page_summary.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to the Democrats\u2019 summary of the package.<\/span><\/span><\/p>\n<p>The newly reached consensus on the package comes after Manchin <a href=\"https:\/\/dailycaller.com\/2022\/07\/15\/joe-manchin-drives-stake-democrats-economic-package\/\" target=\"_blank\" rel=\"noopener noreferrer\">struck down<\/a> his party\u2019s climate provisions in the bill in mid-July causing <a href=\"https:\/\/dailycaller.com\/2022\/07\/07\/dems-still-pressuring-manchin-to-back-climate-bill-will-make-inflation-even-worse\/\" target=\"_blank\" rel=\"noopener noreferrer\">Democrats<\/a>, <a href=\"https:\/\/www.eenews.net\/articles\/hill-staffers-hold-climate-protest-in-schumers-office\/\" target=\"_blank\" rel=\"noopener noreferrer\">climate activists<\/a>, and <a href=\"https:\/\/bcse.org\/images\/2022%20BCSE\/Clean%20Energy%20Industry%20Tax%20Package%20Letter%20July%2026%202022%20final.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">green energy groups<\/a> to pressure the party to reach an agreement prior to the August 5 recess.<\/p>\n<p>Democrats are hoping to advance the bill without Republican votes through the reconciliation process, where bills tied to the budget can pass with a simple majority.<\/p>\n<p>\u201cThis is the action the American people have been waiting for,\u201d said President Joe Biden in a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/07\/27\/statement-from-president-biden-on-inflation-reduction-act-of-2022\/\" target=\"_blank\" rel=\"noopener noreferrer\">statement<\/a> about the bill on Wednesday.<\/p>\n<p>The White House and the offices of Sens. Schumer and Manchin did not immediately respond to the Daily Caller News Foundation\u2019s requests for comment.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Democrats agreed Wednesday to the biggest climate spending package in U.S. history, including billions in new taxes on methane emissions that will fund \u201cenvironmental justice\u201d programs for marginalized communities.Democratic<\/p>\n","protected":false},"author":985,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1576681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1576681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/985"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1576681"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1576681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1576681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1576681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1576681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}