Biden aims for victory lap as he signs Inflation Reduction Act – live

The Inflation Reduction Act is the the type of law Democrats have been trying to pass for years, if not decades. It also could have been so much more.

Take a look at the American Jobs Plan and the American Families Plan, two documents the Biden administration issued in the opening months of his administration, which outline a host of ideas they hoped to realize. These include raising taxes on the rich, making community college and pre-school free and offering paid family and medical leave.

Some of these programs they managed to enact via last year’s trillion-dollar infrastructure bill. But many others were stripped out in the months of negotiations between Democratic leaders and Joe Manchin and Kyrsten Sinema, two of the party’s conservative lawmakers whose votes were essential to getting any of their legislation through Congress.

Considering that there were moments when it looked like the negotiations would amount to naught, the Inflation Reduction Act is a political…

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This article was written by Chris Stein and originally published on www.theguardian.com