Biden urges Congress to quickly pass climate, health and economic deal
President Biden is urging the Senate to quickly pass the Cut Inflation Act of 2022, after West Virginia Sen. Joe Manchin’s surprise announcement this week that he would back a fiscal reconciliation package to tackle the crisis climate while reducing health care costs. The legislation is just a fraction of the more than $3 trillion sought by progressive Democrats in 2020, but Biden said Thursday the deal would still be the most significant climate legislation ever passed by Congress.
President Joe Biden“This bill is far from perfect. It’s a compromise. But that’s — that’s often how you make progress: by compromise. … This bill would be the most important piece of legislation in history to address the climate crisis and immediately improve our energy security.
The package includes nearly $370 billion in new climate and energy spending over the next 10 years. But environmentalists warn it contains ‘poison pills’ for the climate, such as a requirement for the Home Office to open up millions of acres of public land to new oil and gas developments as a precondition for the installation of any new solar or wind energy. The Center for Biological Diversity said in a statement: “The new lease required in this bill will fan the flames of the climate disasters that are burning our country, and it is a slap in the face to communities struggling to protect themselves from filthy fossil fuels. ” We’ll have more on the emerging legislation later in the show.