“The American people won”: Biden celebrates Inflation Reduction Act as food, rent prices climb

Global News published this video item, entitled “”The American people won”: Biden celebrates Inflation Reduction Act as food, rent prices climb” – below is their description.

At the White House on Tuesday, President Joe Biden celebrated the passing of his climate change and drug pricing bill, the Inflation Reduction Act, highlighting Democrats’ commitment to progressive priorities even as high consumer prices continue to bite.

Biden signed the $430-billion bill, seen as the biggest climate change package in U.S. history, into law last month in a low-key ceremony. In his Tuesday remarks, Biden pointed out that every single Republican had voted against the bill, while thanking all those who had worked towards realizing the initiative.

“The American people won, and special interests lost,” Biden said.

The event on the White House South Lawn brought together hundreds of CEOs, lawmakers, activists and interest groups who supported it, and gave Biden an opportunity to tout drug price caps, electric vehicle grants and a minimum corporate tax — key issues for his political base. The event also featured speeches by Senate Majority Leader Chuck Schumer, House Speaker Nancy Pelosi and Vice-President Kamala Harris as well as a musical performance by singer-songwriter James Taylor.

“In America, we pay more for prescription drugs than any developed nation in the world. And there’s no rhyme or reason to that,” Biden said to the crowd, with emotion. “It’s wrong, it’s not who we are and we’re going to fix that too.”

For more info, please go to https://globalnews.ca/news/9063177/joe-biden-inflation-reduction-act-signing/

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