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Biden to sign $430 billion climate and tax bill into law next week

Published 08/12/2022, 06:31 PM
Updated 08/12/2022, 06:39 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. REUTERS/Elizabeth Frantz/File Photo/File Photo

(Reuters) - President Joe Biden said he will next week sign into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions and lower prescription drug prices.

"And while I plan to sign the Inflation Reduction Act into law next week, on September 6th we will hold a celebration at the White House in honor of this historic legislation," Biden wrote on Twitter (NYSE:TWTR).

Latest comments

the republicans dont care about our high drug prices, they side with big pharma and were against this act. all of them. not one Republican works for the people! vote them out!
"the republicans dont care about our high drug prices...."  -- of course they don't, for years they did nothing about the high drug prices
thank you biden, great president, honest human being, for a change!
Let the lining of politician’s pockets begin!
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