All right, we've been watching President Biden at the White House signing what Democrats

are calling the Inflation Reduction Act in total law.

It is a sweeping investment in green energies, tax reform, and other measures related to

health care.

Welcome to the lead.

I'm Jake Tapper, the $750 billion health care tax and climate bill is without question

a major win for Democrats ahead of the midterm elections.

Let's bring in CNNs, MJ Lee, at the White House, and MJ, this was as much of a bill

signing as it was really a victory lap for President Biden and top Democrats today.

Yeah, Jake that is exactly what I was going to say.

This was a major victory lap for President Biden.

He said that the signing of this bill shows that democracy still works in America, and

he said that the country is now in a season of substance.

Now he said that the law accomplishes what lawmakers had been trying to get done for so

many years, but these things that remain so elusive in Washington, he of course pointed

to this major investment in fighting climate change, letting Medicare finally negotiate directly

with drug companies and the taxing of major corporations to reduce the deficit.

And this entire event really just did have the vibe of a political event, Congressman

Jim Clyburn, Senator Chuck Schumer, thanking President Biden for knowing when to step in

and knowing when to let legislators legislate.

I will just note this was very notable after the President signed this bill into law.

He took the pen, turned around, and gave that pen to Senator Joe Manchin, obviously the

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