Biden signs inflation act, hands pen to Manchin

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President Joe Biden signed into law a $430 billion bill that is seen as the biggest climate package in US history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices and high inflation. | Reuters

Biden used the signing to criticize Republicans. Democrats hope to capitalize on a string of legislative victories in congressional midterm elections in November and roll out inflation act ad campaigns.

The legislation to fight climate change and lower prescription drug prices aims to cut domestic greenhouse gas emissions. It will also allow Medicare to negotiate lower drug prices for the elderly and ensure that corporations and the wealthy pay the taxes they owe. Senate Majority Leader Chuck Schumer, who was also present at the bill signing, said Biden knew when to stay away from the negotiations and allow them to play out.

Source: Law Daily Report (lawdailyreport.net)

 

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Reuters Tingnan mo may ganon din sa US. May midterm election sila sa Nov 8 para sa control ng US congress.

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