President Joe Biden has now officially signed into law a landmark piece of legislation cooked up by the wackos in the Democratic Party concerning climate change and health care, delivering what he has referred to as the “final piece” of his slimmed down domestic agenda, as he moves to try and boost up his party’s current standing with voters just a few months out from the midterms in November.
This thing is going to be a disaster, just like anything and everything Joe Biden touches with that evil, vile hand of his. You can almost guarantee there’s a lot of nonsense spending in this sucker because that’s all Democrats know how to do.
Fiscal responsibility isn’t a term they seem to be too familiar with.
Here’s more information from Newsmax:
The legislation includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients. It also would help an estimated 13 million Americans pay for health care insurance by extending subsidies provided during the coronavirus pandemic.
The measure is paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.
In a triumphant signing event at the White House, Biden pointed to the law as proof that democracy — no matter how long or messy the process — can still deliver for voters in America as he road-tested a line he will likely repeat later this fall: “The American people won, and the special interests lost.”
The House on Friday approved the measure on a party-line 220-207 vote. It passed the Senate days earlier with Vice President Kamala Harris breaking a 50-50 tie in that chamber.
“In normal times, getting these bills done would be a huge achievement,” Senate Majority Leader Chuck Schumer, D-N.Y., went on to say during the White House ceremony. “But to do it now, with only 50 Democratic votes in the Senate, over an intransigent Republican minority, is nothing short of amazing.”
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The president signed the bill into law in a ceremony that was held in the State Dining Room of the White House in an event that was jammed between his sweet, super expensive six-day vacation and his leaving for his home in Delaware, where the guy seems to spend the vast majority of his time.