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,
buybacks.
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