U.S. Vice President Kamala Harris has spent the day promoting the Inflation Reduction Act.
President Joe Biden signed the $750 million health care, tax and climate bill into law last month. It’s all in a bid to reduce the cost of living for Americans.
However, despite its very name aiming to reduce inflation, many experts say the bill is having an opposite effect on the cost of living.
As the midterms approach, inflation is at an all time high right across America.
Vice President Kamala Harris has promised the administration’s bill will help.
“I am here to thank you all, for one, helping to inform all the work we’ve done so far but then to make it real,” she said.
“It’s not about sitting around here and patting ourselves on the back when a bill gets passed. It’s not just about a press conference, it’s about making sure that people feel it,” Harris added.
The bill falls short of what progressive Democrats and climate activists were hoping for. But regardless, it’s still the largest federal clean energy investment in the nation’s history.
It is aimed at boosting solar panel manufacturing and wind turbines, as well as providing tax credits for electric vehicles.
Meanwhile, the government is now able to negotiate prices of certain prescription drugs and enforces a 15 per cent corporations tax for those companies earning $1 billion or more.
“Life shouldn’t be too expensive for working people. People work hard,” Harris said.
The Vice President continued, adding “they should be able to afford to pay their bills and feed their children and take a vacation from time to time.”
