President Joe Biden signed the Inflation Reduction Act into law this week, saying “the American people won, and the special interests lost.”
“This administration began amid a dark time in America … a once-in-a-century pandemic, devastating joblessness, clear and present threats to democracy, and the rule of law, doubts about America’s future itself– and yet we’ve not wavered, we’ve not flinched, and we’ve not given up.”
The bill first passed in the Senate and then the House of Representatives earlier this month. The bill costs about $437 billion, with $369 billion going toward investments in Energy Security and Climate Change.
“We didn’t tear down,” Biden said. “We built up. We didn’t look back. We look forward, and today, today, offers further proof that the soul of America is vibrant. The future of America is bright, and the promise of America is real. And just beginning.”
Vice President Kamala Harris was the tie-breaking vote in the Senate, 51 to…