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Biden On Inflation Reduction Act: Bill Will Reduce Inflationary Pressure

US

President Joe Biden is delivering remarks from the White House on the Inflation Reduction Act - the bill negotiated by Senate Majority Leader Chuck Schumer (D-NY) and centrist Senator Joe Manchin yesterday.

  • Livestream here: https://www.youtube.com/watch?v=XMH_kuPjE5U
  • Some select quotes from Biden at the top:
    • "This bill will lower healthcare costs for millions of people."
    • "This is the most important investment, not hyperbole, we've ever made in our energy security. Its a big deal."
    • "The bill begins to restore fairness to the tax code."
    • "This bill will reduce inflationary pressures on the economy."
    • "This bill lowers the deficit and strengthens our economy in the long run."
    • This bill will put in place a 15% corporate minimum tax."
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