President Biden Signs Inflation Reduction Act
2022-08-16T23:35:41-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMTU1XC8wMDFcLzE2NjA3MDg3ODRfMDAxLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19President Biden gave remarks and signed into law the Inflation Reduction Act of 2022 in the State Dining Room of the White House. In addition to lowering inflation, the law intends to lower the costs of energy, prescription drugs, and health care, as well as make investments of approximately $369 billion for climate change programs. Additionally, it aims to raise taxes on large corporations and wealthy individuals--but not for those making less than $400,000 per year--and reduces the deficit by roughly $300 billion over a decade. House Majority Whip James Clyburn (D-SC) and Senate Majority Leader Chuck Schumer (D-NY) also spoke at the ceremony.
President Biden gave remarks and signed into law the Inflation Reduction Act of 2022 in the State Dining Room of the White House. In… read more
President Biden gave remarks and signed into law the Inflation Reduction Act of 2022 in the State Dining Room of the White House. In addition to lowering inflation, the law intends to lower the costs of energy, prescription drugs, and health care, as well as make investments of approximately $369 billion for climate change programs. Additionally, it aims to raise taxes on large corporations and wealthy individuals--but not for those making less than $400,000 per year--and reduces the deficit by roughly $300 billion over a decade. House Majority Whip James Clyburn (D-SC) and Senate Majority Leader Chuck Schumer (D-NY) also spoke at the ceremony. close
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