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Biden Signs $437 Billion Tax-Climate Bill in a Long-Sought Democratic Win

  • Democrats aim to tout legislative achievement in midterms
  • Schumer, Manchin deal rescued key parts of Biden’s agenda
Bloomberg business news
President Biden Signs Inflation Reduction Act Into Law

President Joe Biden signed a sweeping tax, climate and health-care measure into law on Tuesday, sealing a major legislative victory ahead of the November midterm elections. 

“With this law, the American people won and the special interests lost,” Biden said at the White House. “It’s about delivering progress and prosperity to American families.”