Biden to sign $430 billion climate and tax bill into law next week

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FILE PHOTO: Inflation Reduction Act of 2022 remarks at the White House

(Reuters) – President Joe Biden said he will next week sign into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions and lower prescription drug prices.

“And while I plan to sign the Inflation Reduction Act into law next week, on September 6th we will hold a celebration at the White House in honor of this historic legislation,” Biden wrote on Twitter.

(Reporting by Costas Pitas in Los Angeles; Editing by Leslie Adler)

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