House Democrats pass Inflation Reduction Act after GOP calls bill a...

Contributing sentiments towards policy:

58% : A $27 billion Greenhouse Gas Reduction Fund, a so-called climate bank, will be managed by the Environmental Protection Agency to invest in green-energy companies.
51% : It's projected to raise $222 billion from a new 15% corporate minimum tax, $124 billion in new IRS revenue through stricter enforcement, $74 billion from a new 1% stock buyback excise tax and $52 billion by extending a limit on how businesses can use losses to reduce taxes -- plus a projected $265 billion in savings by allowing Medicare to negotiate drug prices.
50% : The legislation also imposes a $35 cap on out-of-pocket insulin costs for Medicare patients and extends through 2025 pandemic-era policies that allow people earning up to 150% of poverty level to get health insurance for $0 through Affordable Care Act exchanges.
46% : How can you vote against reducing the deficit or asking billionaires and companies and the wealthiest avoiders of taxes to pay their fair share?"
42% : But Republicans said that's untrue and that the IRS, an independent agency, would go after anyone suspected of owing taxes.
40% : Republicans took turns slamming provisions in the bill, focusing heavily on $80 billion in new funding for the IRS, alleging agents would target people such as teachers with summer jobs and small-business owners, rather than wealthy people who arguably underpaid their tax bill, such as President Biden, against whom enforcement may require years of litigation.
23% : Treasury Secretary Janet Yellen claimed Wednesday that new IRS funding won't boost audits on people who earn less than $400,000 per year -- in a nod to Biden's vow not to increase taxes on lower and middle-income people.
22% : In closing arguments, House Speaker Nancy Pelosi (D-Calif.) argued that the bill's controversial IRS funding would target the "wealthiest avoiders of taxes.""I urge every member to put aside their misunderstanding of this and vote for the Inflation Reduction Act, as we send this historic legislation to President Biden's desk," Pelosi said.

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