As a highly combustible news week neared its midpoint, plans were solidifying around Friday afternoon for President Joe Biden to sign into law the Inflation Reduction Act, which, you might have heard, is no small thing.
Even some of the most hardened climate critics are already calling it a real chance to sidestep an existential global crisis, on top of which it reduces the deficit, allows Medicare to negotiate drug prices while capping out-of-pocket costs at $2,000, lowers Affordable Care Act premium, and slaps a 15% minimum tax on corporations making more than $1 billion in profits, all without raising taxes on small business or families making $400,000 or less.
One could argue that it’s the biggest legislative leap forward for this country since the New Deal, and I for one would like to sincerely thank Donald Trump.
