Published
At the White House on Tuesday, President Joe Biden celebrated the passing of his climate change and drug pricing bill, the Inflation Reduction Act, highlighting Democrats' commitment to progressive priorities even as high consumer prices continue to bite.
Biden signed the $430-billion bill, seen as the biggest climate change package in U.S. history, into law last month in a low-key ceremony. In his Tuesday remarks, Biden pointed out that every single Republican had voted against the bill, while thanking all those who had worked towards realizing the initiative.
"The American people won, and special interests lost," Biden said.
The event on the White House South Lawn brought together hundreds of CEOs, lawmakers, activists and interest groups who supported it, and gave Biden an opportunity to tout drug price caps, electric vehicle grants and a minimum corporate tax — key issues for his political base. The event also featured speeches by Senate Majority Leader Chuck Schumer, House Speaker Nancy Pelosi and Vice-President Kamala Harris as well as a musical performance by singer-songwriter James Taylor.
“In America, we pay more for prescription drugs than any developed nation in the world. And there’s no rhyme or reason to that,” Biden said to the crowd, with emotion. “It’s wrong, it’s not who we are and we’re going to fix that too.”
For more info, please go to https://globalnews.ca/news/9063177/joe-biden-inflation-reduction-act-signing/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #InflationReductionAct #Biden
Biden signed the $430-billion bill, seen as the biggest climate change package in U.S. history, into law last month in a low-key ceremony. In his Tuesday remarks, Biden pointed out that every single Republican had voted against the bill, while thanking all those who had worked towards realizing the initiative.
"The American people won, and special interests lost," Biden said.
The event on the White House South Lawn brought together hundreds of CEOs, lawmakers, activists and interest groups who supported it, and gave Biden an opportunity to tout drug price caps, electric vehicle grants and a minimum corporate tax — key issues for his political base. The event also featured speeches by Senate Majority Leader Chuck Schumer, House Speaker Nancy Pelosi and Vice-President Kamala Harris as well as a musical performance by singer-songwriter James Taylor.
“In America, we pay more for prescription drugs than any developed nation in the world. And there’s no rhyme or reason to that,” Biden said to the crowd, with emotion. “It’s wrong, it’s not who we are and we’re going to fix that too.”
For more info, please go to https://globalnews.ca/news/9063177/joe-biden-inflation-reduction-act-signing/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #InflationReductionAct #Biden
- Category
- U.S. & Canada
- Tags
- global news, Biden, Joe Biden
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
29:26
WATCH LIVE: Biden delivers remarks on plan to fight inflation and lower prices to American consumers
-
01:46
Increase in food prices, others push October inflation to 40.4 %
-
05:45
Senior adviser to Biden says Inflation Reduction Act will reduce inflation l ABCNL
-
1:13:27
President Biden celebrates the passage of the Inflation Reduction Act
-
07:31
Food Inflation: Recent trade deals have not made a difference to food prices - Farmers' union boss
-
02:20
Reduction in diesel prices doesn't account for reduction in production cost - Rev Kyere-Mensah
-
02:18
Nigeria inflation: Food prices see 40% spike
-
01:31
UK inflation edges down, but food prices surge
-
02:22
Argentina prices continue to climb despite slowing monthly inflation
-
01:53
New inflation data shows increases in rent, food prices
-
02:06
Inflation is down slightly to 6.8%, but food prices, rent keep soaring
-
01:35
How Inflation Has Affected Prices Of Food
-
02:07
Inflation inches to 7.8% in June: High food and transport prices plummeted inflation (14-7-21)
-
11:17
President Biden Delivers Remarks on the Economy and Lowering Prices for the American People
-
05:30
'TWO ECONOMIES': Economist has bad news about high rent, food, gas prices
-
00:46
Food inflation is at a 45-year high, here are how people in Essex are coping with record prices.
-
30:46
Biden celebrates the anniversary of Inflation Reduction Act
-
01:53
Inflation and food prices soar in Port Sudan
-
28:11
WATCH LIVE: Biden celebrates one year of the Inflation Reduction Act
-
1:13:26
President Biden celebrates the passage of the Inflation Reduction Act
-
04:10
Amid soaring inflation, Biden is insulting the American people: David Webb
-
12:41
Inflation falls to 41.2%: Decline attributed to a dip in prices of food and non food items - AM Show
Loading...