WATCH: Pelosi says the Cut Inflation Act is ‘historic and transformative’
House Speaker Nancy Pelosi said the Cut Inflation Act was “historic and transformative.”
Watch the briefing in the player above.
Pelosi’s comments came Friday just before the House vote.
The estimated $740 billion package, already passed by the Senate, is packed with party priorities.
These include capping prescription drug costs at $2,000 for seniors, helping Americans pay for private health insurance and what Democrats call the single largest investment in history to fight against climate change, some 375 billion dollars over the decade.
Nearly half of the money collected, or $300 billion, will be used to reduce federal deficits.
It’s all being largely paid for with new corporate taxes, including a 15% minimum tax on large corporations to ensure they don’t skip paying taxes at all, as well as planned federal savings thanks lower Medicare drug costs.
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Pelosi also commented on the recovery of documents from former President Donald Trump’s estate in Florida, calling it a “very serious” situation.
Pelosi’s comments come the same day a federal judge was set to decide whether to grant the Justice Department’s request to unseal the warrant authorizing the FBI to search former President Donald Trump’s estate in Florida.
Attorney General Merrick Garland said there was “substantial public interest in this case,” and Trump supported the “immediate” release of the warrant.
The decision whether or not to unseal the records was up to US Magistrate Judge Bruce Reinhart, the same judge who signed the search warrant. The Justice Department had until Friday afternoon to tell the judge whether or not Trump’s lawyers agreed with the proposal to make it public.
In posts on his Truth Social platform, Trump wrote, “Not only will I not oppose the release of documents…I go even further by ENCOURAGING the immediate release of these documents. He went on to attack the FBI’s search for Mar-a-Lago as “un-American, unwarranted, and unnecessary”.
Trump himself received at least some of the records the government sought to unseal, but he and his attorneys have so far refused to release them.
Pelosi also called on Republicans for not stepping forward to stop any violence from the former president’s supporters.
“You would think there would be an adult in the Republican room who would say, calm down, see what the facts are, and let’s get to it instead of insisting, again, on inciting law enforcement to attack.”
A gunman died Thursday in a shooting after trying to break into the FBI office in Cincinnati.
Ricky Shiffer, 42, appears to have posted calls on social media for FBI agents to be killed and for people to take up arms and “be ready to fight” following the search of Trump’s home, a said a law enforcement official. .