President Biden will sign into law his $430 billion tax, healthcare, and climate bill on Tuesday at the White House.
The president will cut his vacation a day short to return to Washington and sign the measure, the White House announced Monday. The legislative package is the core piece of Mr. Biden’s domestic agenda.
Dubbed the Inflation Reduction Act, the sweeping legislation passed the House last week along party lines. Its passage marks a major victory for Mr. Biden, who fought with moderate Democrats in the Senate for more than a year to back his agenda.
Democrats expect the measure will raise $737 billion over 10 years and reduce the deficit by more than $300 billion during that time.