What's in big Biden bill? Health, climate goals become law
August 17, 2022
WASHINGTON (AP) — President Joe Biden arrived at the White House promising to "build back" America, and legislation he's signing Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea.
Approved by the divided Congress, the bill brings the biggest investment ever in the U.S. to fight climate change. Also in the legislation is a $2,000 cap on out-of-pocket prescription drug costs for Medicare recipients as well as a new 15% corporate minimum tax to ensure big businesses pay their share.
And billions will be left over to pay down federal deficits.