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U.S. Senate begins debate and vote on the Inflation Reduction Act of 2022 [1]

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Date: 2022-08-06

The U.S. Senate has begun the vote to hold debate on the Inflation Reduction Act of 2022, the landmark $430 billion bill that will reduce inflation, address climate change, allow Medicare to negotiate lower prices on drugs, and ensure that corporations and wealthy Americans pay their fair share of taxes.

The vote for the motion to proceed is in progress, the vote so far is 50:50 along party lines. This will be followed by 20 hours of debate, a limitless vote-a-rama of amendment votes, then …

Does anyone here know whether all this will happen tonight and/or tomorrow? Sounds like it will go on till Monday.

x Senate now voting on motion to proceed to Dems’ reconciliation bill. Simple majority needed. After this, up to 20 hours of debate evenly divided but that is mostly expected to be yielded back. Then the vote-a-rama — a limitless set of amendment votes. Unclear on timing of that — Manu Raju (@mkraju) August 6, 2022

Earlier today, the Senate Parliamentarian signed off on the key provisions of the bill, so that it can be passed under reconciliation procedures with a majority vote.

x NEW: The Senate parliamentarian has signed off on key climate and health care provisions in the Democrats' major spending bill. https://t.co/13UvO62W2T — ABC News (@ABC) August 6, 2022

The Parliamentarian gave the green light for the Medicare negotiation provisions of the bill ...

x YES! GOOD NEWS! Senate parliamentarian just OKed the Medicare negotiation provisions in the Inflation Reduction Act. This has been a long fight that so many of you have led with me for years. @AARP @lesliedach

Let’s get it done! — Amy Klobuchar (@amyklobuchar) August 6, 2022

… but with one caveat. According to www.cbsnews.com/… -

Elizabeth MacDonough, the chamber's nonpartisan rules arbiter, said lawmakers must remove language imposing hefty penalties on drugmakers that boost their prices beyond inflation in the private insurance market. Other major provisions were left intact, including giving Medicare the power to negotiate what it pays for pharmaceuticals for its 64 million elderly recipients, a longtime goal for Democrats. Penalties on manufacturers for exceeding inflation would apply to drugs sold to Medicare, and there is a $2,000 annual out-of-pocket cap on drug costs and free vaccines for Medicare beneficiaries.

There is a lot to like about the bill, even though it does not contain enough funding for everything we like. Let’s make sure the electorate understands what the bill will do for them and for the country.

x You’re going to want to check this out:



A new analysis is showing the Inflation Reduction Act will create more than 9 million good jobs over the next decade, most significantly in clean manufacturing and American energy.



Nearly a million jobs a year for a decade! https://t.co/2oqM3XllBn — Chuck Schumer (@SenSchumer) August 5, 2022

Live video from Senate floor on YouTube.

As for us, let’s keep our focus on the future, let’s give the bill and Democrats our full-throated support and let’s keep educating the electorate on how Democrats make while Republicans break the country, the economy and the world. We need to win the House and the Senate this November; lot more can done after that. If we lose, there may be no second chance for our Democracy.

Let’s stay united, let us be the wind behind the sails of Democracy. Let’s work to make Lawrence Tribe’s prediction come true —

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