Biden signs $740 billion climate, tax and health care bill into law

Tuesday, August 16, 2022 | Tag Cloud Tags: , , ,

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(Worthy News) – President Joe signed a $740 billion spending package into law Tuesday, the final step for the green energy, health care and tax hike bill after months of wrangling and controversy, in particular over the legislation’s hiring of 87,000 new IRS agents to audit Americans.

Democrats at the Tuesday touted the bill’s deficit reduction of $300 billion over the next decade. The bill includes several measures, including a $35 per month cap on insulin copays, an extension of Affordable Care Act subsidies, and authorization for Medicare to negotiate certain drug prices.

“With this law, the American people won, and the special interests lost,” Biden said. “This administration began amid a dark time in America…and yet we’ve not wavered. We’ve not flinched, and we’ve not given in. Instead, we’ve delivered results for the American people.” [ Source: Just the News (Read More…) ]

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