House Dems Set To Overcome GOP For Climate, Health Care Win

The transcript discusses a bill aimed at reducing the deficit, healthcare costs, and combating climate change. It is a slimmed-down version of the Build Back Better plan, expected to pass with Democratic support. The bill includes significant investments in climate change reform and allows Medicare to negotiate drug prices. It is funded by closing tax loopholes and imposing a minimum corporate tax. The White House plans to promote the bill as a success against special interests, with implications for the upcoming midterm elections.

What is the expected impact of the bill on inflation according to the text?

What strategies are mentioned for funding the initiatives in the bill?