Meaningful Congressional action on climate change seemed doomed in the 50-50 U.S. Senate after Democratic Senator Joe Manchin of West Virginia tanked President Joe Biden’s Build Back Better proposal earlier this year. But on August 7, Vice President Kamala Harris cast the tie-breaking 51st vote to approve the Inflation Reduction Act of 2022. All Republicans, including Iowa’s Senators Joni Ernst and Chuck Grassley, voted against final passage.
Assuming the U.S. House approves the bill (a vote is scheduled for August 12), Biden is poised to sign into law “the single biggest climate investment in U.S. history, by far.” In addition to significant changes to the tax system and health care policy, the massive package includes $369 billion in spending aimed at reducing greenhouse gas emissions and promoting clean energy.
According to summaries of the bill’s energy and climate provisions, enclosed in full below, the bill could help reduce greenhouse gas emissions to 40 percent below 2005 levels by 2030. However, the bill’s incentives for the fossil fuels industry—which were necessary to get Manchin on board—are troubling for many environmental advocates.
Bleeding Heartland sought comment from some Iowans who have been engaged in policy battles related to climate change and the environment.Continue Reading...