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Biden to celebrate climate, health and tax bill as 'major win' for middle-class families
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President Joe Biden on Tuesday will tout the Inflation Reduction Act of 2022, designed to combat climate change, address health care costs and raise taxes on large corporations, as one of the most consequential bills in U.S. history.
The president will celebrate the legislation as a "major win" for middle-class families over rich special interests, according to a White House official. He will claim the bill lowers costs for families and takes an aggressive approach in addressing the administration's climate concerns.
Biden will also call out Republicans for their opposition to the legislation, the White House official said. He plans to criticize GOP lawmakers for their unanimous decision to not support the bill that the administration says will reduce costs for the American people.
Additionally, he will slam congressional Republicans for opposing both a $35 insulin cap and the hiring of 87,000 Internal Revenue Service agents. Senate Republicans managed to block the provision on the insulin cap.
BIDEN SIGNS INFLATION REDUCTION ACT: HERE'S WHAT IT MEANS FOR YOUR WALLET