BizSugar.com › News › What you Need to Know About Inflation Reduction Act of 2022

On Sunday, August 8, 2022, the Senate approved bill H.R. 5376, the Inflation Reduction Act of 2022 a climate change, health care, and tax package. The Senate vote was passed along partisan lines with a narrow margin of 51 to 50. It saw 50 Republican senators opposing the bill and was passed with the support of all 48 Democrat senators, and two Independents and the tie was broken by Vice President Kamala Harris.