Biden sign Democrats’ landmark bill
oe Biden signed Democrats’ healthcare, climate and tax package on Tuesday, putting the final seal of approval on a landmark bill that party leaders hope will boost their prospects in the midterm elections this November.
During a bill-signing ceremony at the White House, the US president celebrated the bill as a historic piece of legislation that would reduce healthcare costs for millions of Americans and help address the climate crisis.
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With this law, the American people won and the special interests lost,” Biden said. “Today offers further proof that the soul of America is vibrant, the future of America is bright and the promise of America is real and just beginning.”
The signing came four days after the House passed the bill, formally known as the Inflation Reduction Act, in a party-line vote of 220 to 207. The bill had previously passed the Senate in a party-line vote of 51 to 50, with Vice-President Kamala Harris breaking the tie in the evenly divided chamber.
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The passage of the Inflation Reduction Act capped off more than a year of negotiations among Democrats, after the bill’s predecessor, the Build Back Better Act, stalled in the Senate due to opposition from one of the party’s centrist members, Joe Manchin.