2 years ago
President Joe Biden on Tuesday signed a historic climate, health care and tax bill, saying his administration is in “a season of substance” after the legislation lingered on his domestic agenda for more than a year.
“With this law, the American people won, and the special interests lost,” Biden said during the White House ceremony, flanked by Senate Majority Leader Chuck Schumer and House Majority Whip Jim Clyburn (D-S.C.).
The president returned to Washington earlier in the day from a family vacation in South Carolina to sign the legislation. The House cleared what was labeled the Inflation Reduction Act on a party-line vote on Friday. The package passed the Senate less than a week earlier, with only Democratic support and Vice President Kamala Harris casting the vote that broke the 50-50 tie. Because of the congressional recess, the White House has scheduled another event on Sept. 6 to celebrate the bill’s enactment.
“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,” Biden said.
The package aims to make sweeping changes to major parts of the U.S. economy, investing roughly $300 billion in climate and energy initiatives, limiting prescription drug prices and imposing a new minimum tax on large corporations. The legislation is also projected to reduce the federal deficit, in a move that Democrats pitched as a key element in slowing inflation.
Perhaps just as important for the White House, it represents the capstone on what aides contend has been a historic two years of legislative accomplishments for Biden — especially given the challenges of navigating an evenly divided Senate and amid ongoing economic uncertainty.
Congress has already passed legislation on infrastructure, gun safety, microchip manufacturing and veterans’ health benefits, on top of earlier investments in the Covid response. The climate, health and tax bill is the most significant of the bunch, Democrats say, and also their hardest-won accomplishment.
“This has been one of the most productive stretches in Senate history,” Schumer said in his remarks on Tuesday, listing several of the other bills recently passed in Congress.
Negotiations over a larger $2 trillion spending package dubbed the Build Back Better Act fell apart in dramatic fashion last year after Sen. Joe Manchin (D-W.Va.) publicly rejected the bill, setting off a war of words between the centrist Democrat and White House officials.
The public sniping froze any movement on the bill for months. When Manchin finally agreed to resume talks in the spring, it was under the widely agreed-upon condition that the White House would steer clear of direct involvement in the talks — leaving it to Manchin and Schumer to hammer out a deal.
Even so, the effort appeared all but dead as late as July. With Manchin harboring concerns a wide-ranging bill could further add to inflation, Biden appeared ready to settle for quick passage of a far narrower health-focused bill. Yet Manchin and Schumer secretly resumed talks, announcing a surprise deal that devoted much of its spending on the climate and clean energy production.
“Too often, we confuse noise with substance. Too often, we confuse setbacks with defeat. ... But with unwavering conviction, commitment and patience, progress does come,” Biden said.
The turnabout has revitalized Democrats who say they now have a robust track record to run on as the party tries to build on its Senate majority and stave off widely expected losses in the House. In addition to securing the largest-ever investment in combating climate change, the package caps certain drug costs for seniors and will permit Medicare to negotiate the price of a handful of medicines for the first time — fulfilling a goal Democrats have pursued for decades.
And while Biden stayed out of the negotiations that led up to the bill’s passage, the president is expected to play a central role in trying to sell its benefits to voters across the country. Top White House officials earlier this week outlined plans for a “Building a Better America Tour” that will dispatch Biden, Harris, Cabinet secretaries and to tout Democratic accomplishments based around the core message that the party “beat the special interests” en route to delivering results.
“In normal times, getting these bills done would be a huge achievement,” Schumer said on Tuesday. “But to do it now, with only 50 Democratic votes in the Senate, over an intransigent Republican minority, is nothing short of amazing.”
English (US)