The President of the United States signed an expanded law on health care, climate and taxes.
US President Joe Biden interrupted his vacation to sign adopted by the House of Representatives and the Senate bill that will contribute to reducing inflation. This was reported in the White House.
The ceremony took place in the White House in the presence of the leaders of Democrats in Congress.
Joe Biden himself called the new law “a key to restoring economic growth based on clean energy and production”.
According to him, this law will make it possible to make the largest investments in ecologically clean energy, which, according to the calculations of the White House administration, will guarantee the recovery of the growth of the American economy, and will also help reduce inflation, reduce the budget deficit, solve climate change and reduce Americans' health care costs.
“Today is proof that the American spirit is alive, America's future is bright, and the opportunities America has always promised its citizens are real. It's about providing American families with progress and prosperity,” Biden said before signing the law.
Many economists agree that the plan could reduce inflation somewhat in the long runand improve the financial prospects of the federal budget.
At the same time, opponents of the law – primarily Republicans in Congress – warn that the cost of electricity will rise and that price caps on prescription drugs will reduce the number of medical drugs that go on sale.< /p> Related video
The signing came four days after the House of Representatives passed the bill by a vote of 220 to 207. The bill had previously passed the Senate on a party line vote of 51 to 50.
