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Economic and climate justice groups on Tuesday applauded as U.S. President Joe Biden signed into law the Inflation Reducation Act, with advocates hailing the $740 billion investment in climate action, corporate tax reform, and healthcare as "landmark legislation" while they pledged to continue working to secure more ambitious reforms.
"It's law," Biden said as he signed the IRA, which includes an historic investment of $370 billion to expand renewable energy infrastructure, caps prescription drug costs for senior citizens, and pays for badly needed reforms by raising taxes on corporations.
"This bill is the biggest step forward on climate ever," Biden told the crowd gathered at the White House for the signing.
Lisa Frank of Environment America's Washington legislative office applauded the president and the Democratic Party for taking a "huge step" toward reducing U.S. carbon emissions.
The law is "a start to, not the culmination of, our work to reduce global warming pollution and ensure clean air, clean water, and the preservation of open spaces," said Frank.
This content originally appeared on Common Dreams - Breaking News & Views for the Progressive Community and was authored by Julia Conley.
Julia Conley | Radio Free (2022-08-16T19:55:51+00:00) Progressives Applaud as Biden Signs ‘Landmark’ IRA Into Law. Retrieved from https://www.radiofree.org/2022/08/16/progressives-applaud-as-biden-signs-landmark-ira-into-law/
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