Senate Democrats pass budget package, a victory for Biden
Democrats call it the “Inflation Reduction Act.” Republicans say it's a “tax and spending spree.”
The Senate has approved a budget package aimed at slowing global warming, moderating pharmaceutical costs and taxing big corporations.
U.S. Senator Deb Fischer (R-Neb.) released the following statement today after voting against Democrats’ multibillion-dollar tax and spending bill:
“In March 2021, Democrats unilaterally passed a massive $1.9 trillion spending bill that jumpstarted the inflation nightmare our country is now confronting.
“Now while American families continue to struggle, Democrats force through another reckless bill that will raise taxes, waste taxpayer dollars, and do nothing to address inflation. We have to stop with these backwards policies that put the nation in this economic mess in the first place.”
Biden is urging swift House passage, and the House seems on track to provide final congressional approval when it returns briefly from summer recess on Friday.