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Morning Wire

Democrats Vote For Record Spending On Climate Change | 8.8.22

Morning Wire

The Daily Wire

Daily News, News

4.926.4K Ratings

🗓️ 8 August 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

Senate Democrats push through record-spending on climate change, Germany rethinks its energy policies amid a fuel crisis, and property owners speak out as LA extends its eviction moratorium. Get the facts first on Morning Wire. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Democrats in the Senate passed a bill Sunday that includes record-breaking spending on climate change.

0:09.0

How did they convince moderate Democrats to get on board the nearly half trillion dollar spending bill?

0:14.5

And will its IRS provisions increase Americans' odds of being audited?

0:19.0

I'm Daily Wire Editor-in-Chief John Bickley with Georgia Howell.

0:22.0

It's Monday, August 8, and this is Morning Wire.

0:25.0

As the Biden administration and congressional Democrats push for green energy in the U.S.,

0:33.0

Europe appears to be reversing course on some of its energy policies.

0:37.0

We discussed Germany's shifting position on nuclear power.

0:40.0

And, despite the country largely moving on from pandemic policies,

0:45.0

Los Angeles has again extended its eviction moratorium.

0:49.0

What does this mean for renters and how is it affecting landlords?

0:52.0

Thanks for waking up with Morning Wire.

0:54.0

Stay tuned. We have the news you need to know.

1:24.0

This has fully passed a record-setting spending package that will pour hundreds of billions of dollars into new climate change and health care initiatives.

1:31.0

Here are the details on how the bill got over the finish line and how it could impact the average family is Daily Wire Senior Editor-Cabit Phillips.

1:38.0

Cabit, let's start with the basics. What's in this legislation and why is it so important?

1:43.0

Well, Democrats are touting the measure as the largest single investment ever made in what they call the fight against climate change.

1:49.0

The packets will include about $400 billion over the next 10 years for transforming the energy sector with massive funding going towards electric vehicles and green energy investments,

2:00.0

including $60 billion for, quote, disadvantaged areas that are disproportionately affected by climate change.

2:06.0

It will also include new provisions that will punish energy companies that fail to implement more renewable sources like wind and solar power.

2:13.0

It's all part of the Biden administration's goal to cut U.S. greenhouse emissions by 50% over the next eight years.

2:19.0

Pretty aggressive goal. And what about on the economic and health care front? What does this bill include?

...

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