Presidential Remarks on Inflation Reduction Act

President Biden gave an overview of the Inflation Reduction Act of 2022. He said the legislation includes the following: allows Medicare to … read more

President Biden gave an overview of the Inflation Reduction Act of 2022. He said the legislation includes the following: allows Medicare to negotiate with drug companies for more affordable prescription drugs, locks in lower health care premiums for the next three years under the Affordable Care Act, makes investments of approximately $369 billion for climate change programs, raises taxes on wealthiest corporations and individuals, reduces the deficit by roughly $300 billion over a decade, and does not raise taxes on individuals making less than $400,000. His remarks came one day after Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced an agreement on the bill, after several months of negotiations. Congress was expected to work on the legislation the following week. The president added that the U.S. is not in a recession, amid news that the economy shrank by 0.9 percent in the second quarter. close

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Presidential Remarks on Inflation Reduction Act

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Program ID:
522065-1
Category:
White House Event
Format:
Speech
Location:
State Dining Room, White House, Washington, District of Columbia, United States
First Aired:
Jul 28, 2022 | 12:57pm EDT | C-SPAN.org
Last Aired:
Aug 01, 2022 | 12:49am EDT | C-SPAN 1

Airing Details

  • Jul 28, 2022 | 1:00pm EDT | C-SPAN RADIO
  • Jul 28, 2022 | 5:03pm EDT | C-SPAN 1
  • Jul 28, 2022 | 6:37pm EDT | C-SPAN RADIO
  • Jul 28, 2022 | 8:03pm EDT | C-SPAN 2
  • Jul 28, 2022 | 8:22pm EDT | C-SPAN RADIO
  • Jul 28, 2022 | 8:24pm EDT | C-SPAN 1
  • Jul 29, 2022 | 1:32am EDT | C-SPAN RADIO
  • Jul 29, 2022 | 2:28am EDT | C-SPAN 1
  • Jul 29, 2022 | 5:22am EDT | C-SPAN 1
  • Jul 29, 2022 | 5:32am EDT | C-SPAN RADIO
  • Jul 31, 2022 | 10:52am EDT | C-SPAN RADIO
  • Aug 01, 2022 | 12:49am EDT | C-SPAN 1
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