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Home Economy

Biden will sign Inflation Reduction Act into law on Tuesday, White House says

by Press Room
August 15, 2022
in Economy
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President Joe Biden will sign the Inflation Reduction Act into law on Tuesday, the White House said. Biden is also planning in the coming weeks to host a Cabinet meeting focused on implementing the measure; to travel across the U.S. to highlight how the bill helps Americans; and to host an event to celebrate the enactment of the bill at the White House on September 6. The measure, which has passed both chambers of Congress, pumps billions of dollars into climate and healthcare programs, while levying new taxes on big companies and stock
SPX,
+0.42%
buybacks.

Read the full article here

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