Page 25 - 369 Billion News Today

Sit on the energy and natural resources committee. really groundbreaking money put aside here. obviously not the $2 trillion that the president had initially asked for, but $369 billion for climate and clean energy provisions. the deal aims to slash greenhouse gas emissions 40% by 2030. but it also has benefits for fossil fuel energy and the industry there including new drilling for gas and oil to help get senator manchin on board. does that work for you? are you happy with this bill? are you vo...

It -- the climate change provisions. its $369 billion. its the largest investment our government has ever made, our congress has ever made, certainly, in the fight against climate change. and its very important. its going to sort of pave the way for all the electric cars that are being rolled out. its going to make it much easier and affordable for people to use cleaner energy in their homes and solar panels. its going to sort of goose the industries of the clean energy future that are developin...

For a vote as early as next week. it would provide $369 billion for energy and climate program with the goal of reducing climate emissions by 2030. allow medicare to petition drug prices, cap out pocket price for drugs, and set a 15% corporate minimum tax. schumer says it will be, quote, the greatest pro-climate legislation that has ever been passed by congress. but will it actually pass. congressman roe khanna joins. thank you for staying with us. what do you know about this deal? what should w...

With senator joe manchin on an economic bill that will be ready for a vote as early as next week. among other things, he says it would provide $369 billion for energy and climate programs, with the goal of reducing carbon emissions by 40% by 2030, allow medicare to negotiate drug prices, cap out of pocket prescription cost for drugs and set a 15% corporate minimum tax. schumer says it will be, quote, the greatest pro-climate legislation that has ever been passed by congress. but will it actually...

That says this completely rearranges the legislative and political outlook in washington. >> reporter: thats right. absolutely, john. this is certainly a major breakthrough for democrats on some key pieces of bidens agenda that frankly did seem dead even just a few weeks ago. now, manchin and schumer announcing the big contours of his deal that would provide major investments, $369 billion worth of investments in energy and health care. it sets the goal to reduce carbon emissions by 40% by 2030,...

>> the president welcomed this agreement. youve seen wide agreement, even people who disagree or criticize that this would reduce inf inflation, reduce the deficit, reduce health costs for 13 million americans. >> daniella diaz is live on which i will. manchin has been a thorn in his partys side. how significant is this deal for democrats? >> reporter: so, so significant. this is a $369 billion package that would invest that money into climate and energy provisions, the programs that democrats w...

In addition it also changes the circumstances for people on medicare by putting a cap of a maximum $2,000 a year, theyll have to pay no more than $2,000 a year, no matter how many prescriptions they have for all the prescription drugs, which is especially important for people with cancer and long-term diseases. its a godsend. it will literally be a godsend for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get cove...

Economy. first lets talk more about the historic deal in the senate that could lead to the biggest climate investment in u.s. history. the inflation reduction act of 2022 includes $369 billion to address energy security and climate change, including tax breaks to encourage investments in clean energy technologies, including incentives to ramp up production of wind, solar and geothermal energy and credits for individuals to purchase electric cars. heres president biden just a short time ago. >> i...

Process about $290 billion and in addition, also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year they have to pay no more than $2,000 a year no matter how many prescriptions they have. for all the prescription drugs. which is especially important for people with cancer, and long-term diseases. its a god send. literally be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of fa...

0 bill is long overdue and it helps us take decisive action on the climate crisis and leads for the world by example. inflation hawks like larry summers said this bill is, quote, fighting inflation, let me say it, this bill is fighting inflation. progressive leaders like senator elizabeth warren said, quote, this is a bill that truly is about fighting inflation, bringing down the costs for families and putting our country on a sounder economic footing. heres how it works. first, the bill finally...