Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate


joe biden 3 worthy ministries(Worthy News) – After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a significantly reduced version of the $1.75 trillion Build Back Better plan he was pushing for last year.

The president signed the newly renamed Inflation Reduction Act into law flanked by Senate Majority Leader Chuck Schumer, D-N.Y.; Sen. Joe Manchin, D-W. Va.; and Reps. Jim Clyburn, D-S.C. and Kathy Castor, D-Fl.

“With this law, the American people won and the special interests lost,” Biden said in remarks before he signed the bill. [ Source” CNBC (Read More…) ]

18
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Thousands Protest Hungarian Government Over Constitutional Changes
Israel Warns U.S. of Fresh Iranian Plot to Assassinate Trump
Trump Presses GOP to Pair $350 Billion Defense Push With Nationwide Voter ID Bill
Report: Christians Face Deadly Persecution as Nigeria’s Violence Escalates
Trump Presses NATO Allies, Backs Ukraine Patriot Production in Ankara Summit
Trump Warns Communism Is ‘Taking Root’ in America, Calls It a Mortal Threat to Liberty
Trump Peace Board Prepares Humanitarian Zones in Southern Gaza Outside Hamas Control
Hundreds Of Thousands Of Acres Burn As Fires Spread In West
Trump Warns Iran After Second Wave of U.S. Strikes: ‘Every Time They Hit Us, We’re Going to Hit Them 20 to 1’
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News