Biden, Democrats plan grand celebration next month of Inflation Reduction Act

Source: By Mariana Alfaro, Washington Post • Posted: Monday, August 15, 2022

President Biden rides a bicycle along the beach at Kiawah Island, S.C., on Aug. 14. Biden is there with his family on vacation. (Manuel Balce Ceneta/AP)

Today, President Biden remains on vacation on South Carolina’s Kiawah Island. He plans to sign the Inflation Reduction Act into law on Tuesday and deliver remarks, but the White House is preparing for a much larger celebration on Sept. 6, after Labor Day, when Americans are expected to pay more attention to what’s at stake in the fall midterm elections. In a statement Monday, the White House said he will host a Cabinet meeting focused on implementing the law and will travel across the country to highlight how the bill will help Americans. The long-delayed bill, passed by the House on Friday, aims to lower prescription drug costs, address global warming, raise taxes on some billion-dollar corporations and reduce the federal deficit.