Climate analysts estimate that the bill could reduce net greenhouse gas emissions by between 31% and 44% below 2005 levels by 2030. House Democrats voted to pass the Inflation Reduction Act today, sending the bill to President Biden to sign into law. The sweeping $430 billion package, which came back from the dead a few weeks ago after Democrats made concessions to woo West Virginia senator Joe Manchin, represents the most concerted effort yet by the U.S.