Biden to sign $430 billion climate and tax bill into law next week

08/13/2022

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2022.08.13 01:54

Biden to sign $430 billion climate and tax bill into law next week
FILE PHOTO: U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. REUTERS/Elizabeth Frantz/File Photo/File Photo

(Reuters) – President Joe Biden said he will next week sign into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions and lower prescription drug prices.

“And while I plan to sign the Inflation Reduction Act into law next week, on September 6th we will hold a celebration at the White House in honor of this historic legislation,” Biden wrote on Twitter (NYSE:TWTR).

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08/13/2022

Less than a minute