The $739B measure carries a host of tax credits and discounts on everything from electric cars to solar energy.
WASHINGTON --, a $739 billion measure signed into law by President Joe Biden on Tuesday, levies a 15% minimum tax on large corporations and marks the most significant climate legislation in U.S. history.
Meanwhile, the law will reduce the federal deficit by $305 billion over roughly the next decade,The law, which passed the House and Senate with support from Democrats in party-line votes, empowers a federal agency to negotiate with health insurers over the prices for prescription drugs under Medicare, for instance, which should bring down the cost of some drugs for seniors.
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