Biden’s inflation reduction plan okayed

The American president quickly hailed the adoption of his plan, which includes a $370 billion investment aimed at bringing about a 40 percent drop in greenhouse gas emissions by 2030

By TDT

August 14, 2022

WASHINGTON (AFP) — US lawmakers on Friday adopted President Joe Biden’s sprawling climate, tax and health care plan — a major win for the veteran Democrat that includes the biggest ever American investment in the battle against global warming.

Passage in the House of Representatives along strict party lines came after the approval of the bill in the Senate by a razor -thin margin, with Vice President Kamala Harris casting the tie-breaking vote.

Biden quickly hailed the adoption of his plan, which includes a $370 billion investment aimed at bringing about a 40 percent drop in greenhouse gas emissions by 2030.

“Today, the American people won. Special interests lost,” the president tweeted in the minutes after the vote.

“With the passage of the Inflation Reduction Act in the House, families will see lower prescription drug prices, lower health care costs, and lower energy costs. I look forward to signing it into law next week.”


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