October 1, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

What is in the climate bill?

1 min read

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The package includes the biggest investment ever by the U.S. to fight climate change, a cap on Medicare prescription costs and other Democratic priorities.

WASHINGTON — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share.

And billions left over to pay down federal deficits.

All told, the Democrats’ “Inflation Reduction Act” may not do much to immediately tame inflationary price hikes. But the package heading toward final passage in Congress and to the White House for President Joe Biden’s signature will touch…



2022-08-12 07:24:42

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