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Benzinga
Benzinga
Politics
Shanthi Rexaline

What Does The New Senate Deal Mean For Tesla, Toyota And Other Automakers?

Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin have agreed to vote on the “Inflation Reduction Act of 2022,” which has at its core measures to tackle inflation including paying down national debt and lowering energy and healthcare costs.

“After many months of negotiations, we have finalized legislative text that will invest approximately $300 billion in Deficit Reduction and $369.75 billion in Energy Security and Climate Change programs over the next 10 years," Manchin and Schumer said in a joint statement late Wednesday.

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