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“We’ve got to make sure that we are not the party of big business, big banks, big Wall Street bailouts, big corporate loopholes, big anything.” —Louisiana Governor and future presidential candidate Bobby Jindal, in an interview with Politico.
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The IRA is law
President Biden on Tuesday signed into law the Inflation Reduction Act, an ambitious measure that aims to tamp down on inflation, lower prescription drug prices, tackle climate change, reduce the deficit and impose a minimum tax on profits of the largest corporations. …
Biden said signing the bill into law was something he had looked forward to doing for 18 months. At one point, he glanced at Manchin and quipped, “Joe, I never had a doubt,” to some laughter. After Biden inked his signature — and Schumer proclaimed, “It’s now law!” — the president handed the pen he used to Manchin and shook his hand.
