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President Biden To Sign Inflation Reduction Act Into Law

US

US President Joe Biden is shortly due to sign the Inflation Reduction Act into law.

  • Livestream of the ceremony here: https://www.youtube.com/watch?v=BT-Ux0pjfeo
  • At remarks accompanying the signing Biden is expected to claim the bill, "will lower the cost of energy, prescription drugs, and other health care for American families, combat the climate crisis, reduce the deficit, and make the largest corporations pay their fair share of taxes."
  • The Inflation Reduction Act is a major legislative achievement of the Biden administration and a event will be held at the White House on Sept. 6 after lawmakers return from the summer Congressional recess.
  • The primary problem for the White House is striking upon an effective strategy to sell the legislation to the electorate when the positive effectives of the legislation will not manifest until long after the midterm elections in November. Biden will host a cabinet meeting on the implementation of the legislation in the coming days and then, according to White House Chief of Staff Ron Klain, members of Biden's cabinet will travel to 23 states over 35 trips this month to tout the legislation.
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