Friday, August 12, 2022

BREAKING NEWS: Dems send landmark climate, tax and health care bill to Biden’s desk

House Democrats on Friday cleared a massive health care, climate and tax bill, delivering on a key campaign promise of Joe Biden's presidency.

The legislation represents the largest investment in addressing climate change in U.S. history, allows Medicare to negotiate with pharmaceutical companies on the costliest prescription drugs and extends health care subsidies through the 2024 election. Biden is expected to swiftly sign the bill.

Republicans sharply opposed the $700 billion-plus package, which is financed without new spending largely by tax increases on large corporations and would reduce the U.S. deficit over time, according to nonpartisan analysis.

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