Biden signs $473 billion Inflation Reduction Act – including $369 billion for ‘aggressive’ climate action, taxes on the rich and healthcare – and jokes with Manchin it was ‘never in doubt’: Republicans say it will do nothing to help reduce costs
Biden has been vacationing at private home in tony Kiawah Island, S.C.
He returns to the White House Tuesday afternoon for bill signing
He then immediately turns around and flies to his Wilmington, Del. home
Event is in the State Dining Room
The bill establishes new 15% corporate minimum tax, sets 1% excise tax on stock buybacks
Clean energy funds for electric cars and other programs
Estimated to reduce the deficit by $300 billion
It narrowly passed the House and Senate without any Republican votes
