across the finish line, sending to President Biden for his signature their long-negotiated plan to address drug costs, raise taxes on large corporations and combat global warming.
Passage of the proposal, now by both chambers of Congress, marks the end of a long-fought effort by Democrats to approve legislation that addresses Mr. Biden's top domestic and great economic priorities.
The White House said Friday that Mr. Biden will sign it sometime next week. He is currently on vacation in South Carolina. "It's a kitchen table issue," House Speaker Nancy Pelosi said of the legislation in a Friday morning news conference."If you are sitting at your kitchen table and wonder how you're going to pay the bills. Your health care bills, your prescription drug bills, this bill's for you."
US House Speaker Nancy Pelosi, a Democrat from California, center right, presides over a vote for H.R. 5376, the Inflation Reduction Act of 2022, in the House Chamber at the US Capitol in Washington, D.C., U.S., on Friday, Aug. 12, 2022. While the House is on its weeklong summer recess, which stretches to mid-September, lawmakers were summoned back to Washington on Friday to vote on the plan.