President Biden on Tuesday triumphantly signed his centerpiece $740 billion climate-and-tax legislation, a Democrats-only measure whose title purports to reduce inflation but won’t lower prices quickly, if at all.
At a bill-signing ceremony at the White House, the president touted the legislation’s provisions to lower the costs of prescription drugs and to lock in health-insurance premiums under the Affordable Care Act. He also made clear that he views the package as the best hope for his party to stave off disaster in the November midterms.
“In this historic moment, Democrats sided with the American people, and every single Republican in the Congress sided with the special interests,” Mr.