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Joe Biden
Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who served as the 47th vice president of the United States from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. A member of the Democratic Party, Biden is the presumptive Democratic nominee for president in the 2020 election. He unsuccessfully sought the Democratic presidential nomination in 1988 and in 2008.
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House Passes Climate, Healthcare And Tax Bill As Legislation Clears Final Hurdle

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deadline.com

A massive climate, healthcare care and tax bill cleared its final hurdle on Friday, as the House passed the legislation on a party line vote, sending it to President Joe Biden to sign.Democratic members in the chamber cheered as the bill cleared the 218 vote threshold for a majority to pass, and then loudly cheered and clapped when House Speaker Nancy Pelosi announced the tally.

The final vote was 220-207.The Inflation Reduction Act includes $369 billion for energy and climate programs over the next decade, including tax credits for the purchase of electric vehicles and other credits for home solar energy.The bill also includes $64 billion to extend Affordable Care Act benefits, and $4 billion to address the drought in western states.

Another $300 billion in the bill would be directed to deficit reduction.The bill would be financed by a new 15% corporate minimum tax, raising an estimated $222 billion, according to congressional estimates.

The provision was intended to capture large companies with at least $1 billion in profit that, because of accounting maneuvers and write offs, pay at a lower rate or no federal corporate tax.

Read more on deadline.com
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