In Biden’s big bill: Climate, health care, deficit reduction

By LISA MASCARO
AP Congressional Correspondent

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for people in the Medicare program. A new corporate minimum tax to ensure big businesses pay their share. And billions leftover to pay down federal deficits. All told, the Democrats’ “Inflation Reduction Act” may not do much to immediately tame inflationary price hikes. But the package approved by Congress and headed to the White House for President Joe Biden’s signature will touch countless American lives with longtime party proposals. Here’s a look at what’s in the estimated $740 billion economic package.