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Nightly News
Democrats celebrate passing of Inflation Reduction Act
NBC News Clone summarizes the latest on: Democrats Celebrate Passing Of Inflation Reduction Act 146069573891 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
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Democrats are celebrating the passing of the Inflation Reduction Act. The bill will increase taxes on large corporations, allow medicare to negotiate prescription drugs prices and make massive climate change investments. However, Republicans are blasting what they call reckless spending. NBC News’ Kristen Welker reports on what this could mean for the midterms. Aug. 12, 2022