Close Menu
Chronicle.ng
    Trending Stories
    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    July 2, 2025
    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    July 2, 2025
    Staff members of the Federal Capital Territory Administration, FCTA, under the Joint Union Action Committee, JUAC, ended their three-day protest on Wednesday.

    FCTA workers end protest, issue 21-day ultimatum

    July 2, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Troops nab 25 suspected bandits, kidnappers along Benue highway 
    • Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity
    • FCTA workers end protest, issue 21-day ultimatum
    • Mexico uncovers over 400 corpses in ‘house of horror’
    • Ex-AGF Malami dumps APC, joins ADC, cites national decline
    • Amaechi quits APC, declares Tinubu unfit to govern Nigeria
    • From Ally to Adversary: How Aregbesola and Tinubu sealed their political divorce
    • N2.7b Fraud: Witness narrates how Hadi Sirika split aviation contracts among family members
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Thursday, July 3
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    US President, Joe Biden, signs significant climate, health bill into law

    Michael RightBy Michael RightAugust 17, 2022No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    US president Joe Biden
    The law, dubbed the Inflation Reduction Act, was touted by the White House as the biggest commitment to mitigating climate change in US history [Getty]
    Facebook Twitter WhatsApp
    A significant spending plan for health care and climate change was signed into law by US President Joe Biden on Tuesday, providing Democrats a boost ahead of the midterm elections, where Republicans are now less assured of their projected landslide triumph.

    The law, known as the Inflation Reduction Act, was promoted by the White House as the largest effort in US history to combat climate change. It also aims to address long-requested changes in the cost of prescription drugs and add fairness to the tax system by imposing a minimum 15 percent tax on corporations.

    “A nation can be transformed. That’s what’s happening now,” Biden said in a White House speech likely to form the basis of his campaign ahead of the November polls, where Republicans have hoped to end Democrats’ narrow control of Congress.

    • Selena Gomez kisses Rema after US concert performance

    “It’s about tomorrow,” Biden said. “It’s about delivering progress and prosperity to American families. It’s about showing America and the American people that democracy still works in America”.

    The fact that Biden was able to sign the law, no matter how scaled back it is from the massive package he first tried and failed to pass through Congress, is a political recovery that Democrats are now hoping would inspire a comeback at the polls later this year.

    The government will spend approximately $370 billion on green energy efforts under the proposal, and it will also permit the state-run Medicare system to bargain for lower prescription drug prices. This is a well-liked move meant to lower the frequently ruinous costs Americans are compelled to pay.

    The Sierra Club, an organization that advocates for environmental causes, commended what it called a courageous move in the fight against global warming despite the Republican National Committee calling a provision to subsidize the purchase of electric vehicles a “scam.”

    • EU nuclear deal: Iran responds to draft, seeks US flexibility on key issues

    “This day will be remembered by future generations as the turning of the tide against the fossil fuel industry and toward a healthier, cleaner, and more just future for all people across this country,” Sierra Club president Ramon Cruz said.

    The law’s massive cost will be covered in large part by closing numerous tax loopholes and enforcing a new 15 percent minimum tax on corporations – a measure Biden has long promised to his base as a way to get the wealthy to “pay part of their fair share”.

     

     

    src

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Staff members of the Federal Capital Territory Administration, FCTA, under the Joint Union Action Committee, JUAC, ended their three-day protest on Wednesday.

    FCTA workers end protest, issue 21-day ultimatum

    Mexico uncovers over 400 corpses in 'house of error'

    Mexico uncovers over 400 corpses in ‘house of horror’

    Minister for Justice and Attorney-General Abubakar Malami EFCC assets

    Ex-AGF Malami dumps APC, joins ADC, cites national decline

    President Tinubu congratulates Rotimi Amaechi on 60th birthday

    Amaechi quits APC, declares Tinubu unfit to govern Nigeria

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    Troops nab 25 suspected bandits, kidnappers along Benue highway 

    July 2, 2025
    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    Mark says Tinubu’s govt hijacking democracy, fueling poverty, insecurity

    July 2, 2025
    Staff members of the Federal Capital Territory Administration, FCTA, under the Joint Union Action Committee, JUAC, ended their three-day protest on Wednesday.

    FCTA workers end protest, issue 21-day ultimatum

    July 2, 2025
    Mexico uncovers over 400 corpses in 'house of error'

    Mexico uncovers over 400 corpses in ‘house of horror’

    July 2, 2025
    Minister for Justice and Attorney-General Abubakar Malami EFCC assets

    Ex-AGF Malami dumps APC, joins ADC, cites national decline

    July 2, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.