Biden: 3 things you should know about Inflation Reduction Act
President Biden wrote an op-ed for Yahoo News.
"Today, I signed the Inflation Reduction Act into law — one of the most significant laws in recent history. With this law, the American people won and special interests lost. The Inflation Reduction Act does so many things that so many of us have fought to make happen for years and years.
There are three things everyone should know about the Inflation Reduction Act. First, we are lowering costs for working families."
Video Transcript
- In case you haven't been following the news, President Biden just signed the Inflation Reduction Act into law. And he wrote an op-ed exclusively for "Yahoo News," telling everyone the three things you need to know.
Number one is all about health care. Seniors now have a cap on how much money they can pay for drugs out of pocket, which is $2,000 a year, regardless of how many prescriptions they actually have. He also says drug companies paid nearly $100 million to try to stop this law from happening.
He also reminds Americans that every single Republican voted against this law, which does help lower health care costs and fight climate change. And third, he says that even though the government can take a long time to get things done, this law proves that the government can work for working families.
