Joe Biden Signs Inflation Reduction Act, Calls It “One Of The Most Significant Laws In Our History”
Economy And Jobs,Inflation Reduction Act,Joe Biden
President Joe Biden signed the Inflation Reduction Act, the roughly $700 billion climate, health care and tax package that passed Congress last week on a party line vote.
Biden handed a pen to Sen. Joe Manchin (D-WV) just after he signed the bill, a gesture to one of the Senate’s Democratic holdouts to earlier versions of the bill that were far more sweeping and costly.
“Joe, I never had a doubt,” Biden said during his remarks in the State Dining Room.
The president also took a swipe at the GOP, unified in opposition to the legislation. He said that “Democrats sided with the American people, and every single Republican sided with special interests.”
Biden called the bill “one of the most significant laws in our history,” as it marks the federal governments largest outlay to address climate change.
Biden also tried to convey that Democrats have actually accomplished a lot since he took office, characterizing the passage of the bill as proof that “democracy still works in America.” “We are in a season of substance,” Biden said, as he works to improve his approval numbers and Democrats’ prospects the midterms.
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