WASHINGTON – A Democratic plan to combat climate change and lower prescription-drug costs is a scaled back version of the multitrillion dollar domestic-policy package President Joe Biden hoped to pass last year.
Here’s how the Inflation Reduction Act could make notable changes on energy use, health-care costs, the federal deficit and taxes. .
White House response: Biden praised the bill as a “godsend” for many families, saying it would lower health-care costs for millions of Americans and restore fairness to the tax code.
Next step: Biden signs climate and health care bill.