Biden’s landmark climate and spending bill – what’s in it, and what got cut? | Joe Biden | The Guardian


Staff member
It then endured another round of political horse-trading as it navigated the choppy waters of a 50-50 split Senate. But, being carried by a tie-breaking vote from Biden’s vice-president, Kamala Harris, it emerged mostly intact. And, after a vote in the House later this week, it is set to land on Biden’s Oval Office desk.<br>The estimated $740bn package is full of Democratic priorities. Those include capping prescription drug costs at $2,000 out of pocket for seniors, helping Americans pay for private health insurance, and what Democrats are calling the most substantial investment in history to fight the climate crisis: $375bn over the decade.<br>It’s broken down to include $60bn for a clean energy manufacturing tax credit and $30bn for a production tax credit for wind and solar, seen as ways to boost and support the industries that can help curb the country’s dependence on fossil fuels. The bill also gives tax credits for nuclear power and carbon capture technology that oil companies such as ExxonMobil have invested millions of dollars to advance.
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