Wednesday, September 28, 2022

Biden signs historic climate and health legislation

WASHINGTON ( Associated Press) – US President Joe Biden signed an unprecedented Democratic-led climate change and health care bill on Tuesday, which he described as the “final piece” of his narrow national agenda, at a time when he I want to strengthen the party. Situation among voters less than three months before the mid-term elections.

The legislation includes the largest federal investment in history to combat climate change, about $375 billion over a decade, and would limit the cost of prescription drugs for Medicare beneficiaries to $2,000 a year. It will help pay for health insurance by expanding subsidies offered during the coronavirus pandemic to nearly 13 million people in the country.

The measure is financed with new taxes on large companies and a greater focus on meeting the tax obligations of wealthy individuals and entities from the Internal Revenue Service (IRS), where additional funds are used to reduce the federal deficit. Will be done.

In a triumphant White House ceremony, Biden pointed to the new law as evidence that democracy – no matter how long and complicated the process – can still deliver to voters in the United States, tests a phrase that he will repeat this fall. Midterm elections: “The American people won and the special interests lost.”

The House of Representatives approved the measure in a split vote of 220-207 on Friday. A few days ago it was approved in the Senate with a tie-breaking vote of Vice President Kamala Harris.

“In normal times, passing those bills would be a great achievement,” Democratic House Majority Leader Chuck Schumer said at a White House ceremony.

“But getting it done now, with only 50 Democratic votes in the Senate, over a staunch Republican minority, is nothing short of amazing.”

Nation World News Desk
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