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President Joe Biden plans to sign Democrats’ massive climate, health and tax bills into law Tuesday at the White House, marking a major breakthrough for his domestic agenda less than three months before the midterm elections.
Biden will sign the bill, known as the De-Inflation Act, at an event in the White House dining room, the White House announced.
It might be a bit of a ceremony, with Congress out of session and most members participating in the bill’s exit from town.
Capitalizing on some political momentum, Biden is cutting short his summer recess to sign the measure just days after the House passed it after it passed the Senate by a unanimous vote amid some political drama. He spent most of last week in South Carolina.
A big celebration is being planned for September 6.
President Joe Biden arrives to sign instruments of ratification of NATO accession protocols for Finland and Sweden in the East Room of the White House on August 9, 2022 in Washington, DC.
Gripas Yuri / Abaca by ZUMA Press
The White House also said that in the “coming weeks” Biden will host a cabinet meeting focused on implementing the new law and travel across the United States to promote it.
The Biden administration is planning a cross-country campaign for legislation that aims to make prescription drugs and health insurance cheaper; investing in clean energy and curbing climate change; raising taxes on the rich; And cut the defect.
House Speaker Nancy Pelosi applauds after House Speaker Nancy Pelosi signs the inflation-reduction bill into law during a sign-in ceremony after passing the bill at the U.S. Capitol on August 12, 2022 in Washington, DC.
Drew Anger/Getty Images
From this week through the end of August, Cabinet members plan to take more than 35 trips to 23 states to discuss the “deflationary bill,” according to the White House.
The administration plans to work with members of Congress to disseminate information about the law’s impact online and on social media and host hundreds of events, the White House said.
The flashback highlights other major legislative victories and the “Building a Better America” ​​component of the tour.
In a White House memo from Senior Counsel Anita Dunn and Deputy Chief of Staff Jane O’Malley Dillon to Chief of Staff Ron Klein, the administration plans to boost not only IRA approval, but also the CHIPS Act. U.S. Semiconductor Industry in China and Pandemic-Caused Shortages, Bilateral Gun Control Bill, and Bilateral Infrastructure Bill Mitigation.
Ahead of Tuesday’s signing, the White House released what it said would be the IRA’s influence on Monday.
According to the White House, about 1.4 million Americans on Medicare who spend more than $2,000 a year on prescriptions are covered by that amount. In total, it says about 50 million Americans in Medicare Part D qualify for that cost limit.
The White House said about 3.3 million Americans who use Medicare insulin will benefit from the new $35 monthly price.
The White House estimates that 5-7 million Americans could lose their prescription drug costs if Medicare begins to negotiate costs.
Lower Obamacare premiums will be extended to 13 million Americans insured under that program, the White House said.
And the White House says it will reduce greenhouse gas emissions by one billion metric tons by 2030 thanks to the IRA.
ABC News’ Sarah Kolinowski and Justin Gomez contributed to this report.
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