Inflation Reduction Act: Biden to sign massive climate and health care bill

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Inflation Reduction Act: Biden to sign massive climate and health care bill
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President Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill, which includes the most substantial federal investment in history to fight climate change. FOX13

The legislation includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients.

The Minnesota Democrat called the $740 billion package "one of the most consequential" pieces of legislation she's ever worked on. The signing caps a spurt of legislative productivity for Biden and Congress, who in three months have approved legislation on veterans’ benefits, the semiconductor industry and gun checks for young buyers. The president and lawmakers have also responded toWith Biden’s approval rating lagging, Democrats are hoping that the string of successes will jump-start their chances of maintaining control in Washington in the November midterms.

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