{"id":1609462,"date":"2022-08-16T18:25:27","date_gmt":"2022-08-16T22:25:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1609462"},"modified":"2022-08-16T18:25:43","modified_gmt":"2022-08-16T22:25:43","slug":"democrats-sided-with-the-american-people-biden-slams-republicans-as-he-signs-massive-climate-tax-bill-into-law","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-sided-with-the-american-people-biden-slams-republicans-as-he-signs-massive-climate-tax-bill-into-law\/","title":{"rendered":"\u2018Democrats Sided With The American People\u2019: Biden Slams Republicans As He Signs Massive Climate, Tax Bill Into Law"},"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\">36<\/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%2Fdemocrats-sided-with-the-american-people-biden-slams-republicans-as-he-signs-massive-climate-tax-bill-into-law%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=1609462&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--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-16-at-5.53.44-PM-e1660686849132.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\">\n<p>President Joe Biden signed the Inflation Reduction Act into law on Tuesday and slammed Republicans who opposed the massive bill.<\/p>\n<p>The $740 billion bill includes almost $370 billion for green energy initiatives, a 15% tax on corporations with a reported annual income of over $1 billion, a price setting mechanism for medicare and almost $80 billion in funding for the Internal Revenue Service (IRS). The bill passed the Senate with a 51-50 party-line vote in <a href=\"https:\/\/dailycaller.com\/2022\/08\/07\/senate-democrats-pass-740-billion-climate-healthcare-reconciliation-package-inflation-reduction-act\/\">early<\/a> August and <a href=\"https:\/\/dailycaller.com\/2022\/08\/12\/house-passes-inflation-reduction-act\/\">passed<\/a> the House along party lines last week.<\/p>\n<p>\u201cLet\u2019s be clear, in this historic moment, Democrats sided with the American people and every single Republican in the Congress sided with the special interests in this vote, every single one,\u201d Biden <a href=\"https:\/\/rumble.com\/embed\/v1dmyg1\/?pub=kxsg\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> during remarks at the White House shortly before signing the bill into law.<\/p>\n<p>\u201cRemember, every single Republican in Congress voted against this bill,\u201d the president added. \u201cEvery single Republican Congress voted against lowering prescription drug prices, against lowering health care costs, against the fairer tax system. Every single Republican, every single one, voted against tackling the climate crisis, against lowering our energy cost, against creating good paying jobs.\u201d<\/p>\n<p><strong>WATCH:<\/strong><\/p>\n<div id=\"rev-more-content\">\n<p>Biden promised that the bill cuts the deficit \u201c<span class=\"subtitle foundfragment\" data-id=\"340\" data-start=\"1833540\" data-end=\"1835670\">to fight inflation,\u201d though an <a href=\"https:\/\/dailycaller.com\/2022\/07\/29\/inflation-reduction-schumer-manchin-wharton\/\">analysis<\/a> released by the University of Pennsylvania\u2019s Penn Wharton Budget Model found that the legislation will only have a minimal impact on cutting the deficit and will not have a substantial impact on inflation. <strong><a href=\"https:\/\/dailycaller.com\/2022\/08\/01\/inflation-reduction-act-costing-americans-new-taxes\/\">(RELATED:\u00a0<\/a><\/strong><\/span><strong><a href=\"https:\/\/dailycaller.com\/2022\/08\/01\/inflation-reduction-act-costing-americans-new-taxes\/\">Democrats Claim The \u2018Inflation Reduction Act\u2019 Won\u2019t Raise Taxes. Here\u2019s Why That\u2019s Not True)<\/a><\/strong><\/p>\n<p>The Inflation Reduction Act is seen as a win for the Biden Administration, though it pales in comparison to the sweeping Build Back Better Act first <a href=\"https:\/\/dailycaller.com\/2021\/11\/18\/biden-build-back-better-poll-economy-approval\/\" target=\"_blank\" rel=\"noopener noreferrer\">pushed<\/a> by the White House. The bill also earned the <a href=\"https:\/\/dailycaller.com\/2022\/07\/29\/joe-manchin-ostracized-victimized-build-back-better\/\" target=\"_blank\" rel=\"noopener noreferrer\">support<\/a> of Democratic West Virginia Sen. Joe Manchin and Democratic Arizona Sen. Kyrsten Sinema, who have occasionally been at odds with the administration.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden signed the Inflation Reduction Act into law on Tuesday and slammed Republicans who opposed the massive bill.The $740 billion bill includes almost $370 billion for<\/p>\n","protected":false},"author":125,"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-1609462","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\/1609462","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\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1609462"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1609462\/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=1609462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1609462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1609462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}