In Biden’s Big Bill: Climate, Health Care, Deficit Reduction

The package heading toward final passage in Congress and to the White House for President Joe Biden's signature will touch countless American lives.

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FILE - People walk outside the U.S Capitol building in Washington, June 9, 2022. The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for seniors in the Medicare program. A new corporate minimum tax to ensure big businesses pay their share. And billions leftover to pay down federal deficits. (AP Photo/Patrick Semansky, File)
Image via AP Photo/Patrick Semansky

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal deficits. All told, the Democrats’ “Inflation Reduction Act” may not do much to immediately tame inflationary price hikes. But the package heading toward final passage in Congress and to the…

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