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Prescription drugs, taxes, climate change: What the Inflation Reduction Act will mean for you

Prescription drugs, taxes, climate change: What the Inflation Reduction Act will mean for you

Aug 16, 2022 30 secs

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.


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