Before President Biden signed into law the Inflation Reduction Act on Tuesday, he called the legislation that invests in fighting climate change and aims to reduce health care costs for Americans “one of the most significant laws in our history.”
JOE BIDEN: And I'm about to sign the Inflation Reduction Act into law, one of the most significant laws in our history.
Let me say from the start, with this law, the American people won, and the special interests lost. The American people won, and the special interests lost. We're in a session of-- for a while, people doubted whether any of that was going to happen. But we are in a season of substance. This administration began amid a dark time in America-- as Jim said, a once-in-a-century pandemic, devastating joblessness, clear and present threats to democracy and the rule of law, doubts about America's future itself. And yet we've not wavered, we've not flinched, and we've not given in.
Instead, we're delivering results for the American people. We didn't tear down-- we built up. We didn't look back-- we looked forward. And today offers further proof that the soul of America is vibrant, the future of America is bright, and the promise of America is real and just beginning.