Biden said the climate, health and tax bill was one of the most significant laws in US history.
The Inflation Reduction Act was signed by the president.
Biden said during the signing ceremony that the package would make the biggest step forward on climate ever.
The bill was approved by the House along party lines on Friday, after the Senate passed it with the help of the Vice President.
$369 billion in spending on climate and energy programs and a $2,000 out-of-pocket cap on prescription drug costs are included in the package.
The final part of Biden's domestic agenda, the new bill, will be the focus of his tour. The bill will be celebrated on September 6.
The Inflation Reduction Act is an abbreviated version of Biden's bill that failed in the Senate last December. Democrats stopped trying to get Manchin to support the bill after they reached a deal on a smaller package. The largest investment in clean energy in US history is included in the bill. There is a $35 monthly cap oninsulin, an expensive diabetes drug, for Medicare recipients next year. Corporations that make at least $1 billion a year in income will be subject to a minimum tax. According to the White House, the package is expected to address inflation by cutting health care costs and trimming hundreds of billions of federal deficit dollars.
The $430 billion climate and health bill was passed by the house.
The inflation reduction act will be signed by Biden.
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