With a vote of 220 to 207, the U.S. House of Representatives passed the Inflation Reduction Act on Friday. The vote marks the last step before President Biden's desk for a bill that will devote hundreds of billions of dollars over the coming decade towards the fight against climate change, reducing the cost of prescription drugs, and cutting the deficit. The IRA, as it's known, will also alter the U.S. tax code's treatment of big corporations. Sens. Chuck Schumer (D-NY) and Joe Manchin (D-WV) surprised the world on July 27 when they released their sweeping bill. On Aug. 4, Sen. Kyrsten Sinema (D-AZ) propelled the ... (full story)