House Made the Largest Climate Spending in U.S. History

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Republicans, who unanimously opposed the bill, attacked the climate provisions. “This includes payments for electric vehicle owners,” said Senator John Barrasso of Wyoming, a senior Republican on the Senate Energy and Natural Resources Committee. “Includes higher taxes on American energy and higher prices for consumers.”

The measures will “increase costs for working families,” he said.

In an eight-hour attack on the House floor bill that began Thursday night and bled through Friday morning, Republican Leader of the House of Representatives California Representative Kevin McCarthy said, “Every time you heat or cool your home in the winter.” You will pay more in the summer. That alone is reason enough to beat the bill – to beat the bill!”

Climate change is the new legislation’s largest spending category, which also covers the rest of Mr. Biden’s broader local agenda, including expanding childcare, health and education programs. More than a quarter of the bill—about $500 billion to be spent over the next decade—is devoted to shifting the American economy away from 150 years of dependence on fossil fuels and into clean energy sources like wind, solar, and solar. nuclear power.

By comparison, the largest previously spent by the federal government on tackling climate change was around $80 billion in the 2009 economic stimulus package signed by former President Barack Obama. Mr. Obama also enacted the nation’s first major climate change regulations, but these were later weakened or deleted by the Trump administration.

According to an analysis by the Rhodium Group, an independent research organization, the new legislation could prevent about one billion tons of carbon dioxide emissions by 2030 when it comes into force. This is roughly equivalent to driving all cars off the road for a year in the United States. But the analysis found that he could only get the country halfway to Mr. Biden’s goal.

“By passing this bill, Biden will have achieved an extraordinary feat that can get the United States there,” said Michael Oppenheimer, professor of geosciences and international relations at Princeton University.

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