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Biden Signs Inflation Reduction Act, Praises It as “Biggest Step Forward on Climate Ever”

HeadlineAug 17, 2022

President Biden has signed a sweeping $739 billion bill to address the climate crisis, reduce drug costs and establish a 15% minimum tax for large corporations.

President Joe Biden: “This bill is the biggest step forward on climate ever. Ever. And it’s going to allow — it’s going to allow us to boldly take additional steps toward meeting all of my climate goals, the ones we set out when we ran. It includes ensuring that we create clean energy opportunities in frontline and fence-line communities that have been smothered, smothered by the legacy of pollution, and fight environmental injustice that’s been going on for so long.”

At a signing ceremony at the White House, Biden handed his pen to conservative Democratic Senator Joe Manchin, who agreed to back the deal after securing a number of major handouts to the fossil fuel industry. Manchin is the largest recipient of fossil fuel industry donations in Congress. We will have more on Biden’s signing of the Inflation Reduction Act later in the broadcast.

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