Biden hails anti-inflation Act as food, rent prices rise
The Straits Times|September 15, 2022
He touts law on drug price caps, electric vehicle grants and minimum corporate tax
Biden hails anti-inflation Act as food, rent prices rise

WASHINGTON - President Joe Biden celebrated his climate change and drug pricing law, The Inflation Reduction Act, on Tuesday, highlighting his Democratic Party's commitment to progressive priorities even as high consumer prices continue to bite.

Mr Biden signed the US$430 billion (S$605 billion) Bill, seen as the biggest climate change package in US history, into law last month in a low-key ceremony.

Tuesday's event on the White House South Lawn brought together lawmakers, Cabinet members, activists and interest groups who supported it, and gave Mr Biden an opportunity to tout caps on drug prices, electric vehicle grants as well a minimum corporate tax - key issues for his political base.

Mr Biden said the law was one of the most significant in the country's history.

"Today offers proof that the soul of America is vibrant. The future of America is bright and the promise of America is real," he told the crowd.

The event brought some musical star power too, with singer-songwriter James Taylor opening it with a performance.

This story is from the September 15, 2022 edition of The Straits Times.

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This story is from the September 15, 2022 edition of The Straits Times.

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