The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
August 17, 2022

Biden Signs Inflation Reduction Act, Praises It as "Biggest Step Forward on Climate Ever"
-----------------------------------------------------------------------------------------

President Biden has signed a sweeping $739 billion bill to address the
climate crisis, reduce drug costs and establish a 15% minimum tax for
large corporations.

President Joe Biden: "This bill is the biggest step forward on climate
ever. Ever. And it's going to allow - it's going to allow us to boldly
take additional steps toward meeting all of my climate goals, the ones
we set out when we ran. It includes ensuring that we create clean energy
opportunities in frontline and fence-line communities that have been
smothered, smothered by the legacy of pollution, and fight environmental
injustice that's been going on for so long."

At a signing ceremony at the White House, Biden handed his pen to
conservative Democratic Senator Joe Manchin, who agreed to back the deal
after securing a number of major handouts to the fossil fuel industry.
Manchin is the largest recipient of fossil fuel industry donations in
Congress. We will have more on Biden's signing of the Inflation
Reduction Act later in the broadcast.


.