August 17, 2022 11:09am EDT
Trudeau celebrates Canadian windfall from Biden signing Inflation Reduction Act
The Inflation Reduction Act includes tax credits for purchasing electric vehicles manufactured in North America
By Michael Lee | Fox News
Canadian Prime Minister Justin Trudeau took to social media to celebrate President Biden signing the Inflation Reduction Act, boasting that the American legislation will be a win for Canadians.
"It’s official: @POTUS signed legislation that will include Canada in a new tax incentive for electric vehicles purchased in the US," Trudeau said on Twitter Tuesday. "This is good news for Canadians, for our green economy, and for our growing EV manufacturing sector."
Biden signed the Inflation Reduction Act Tuesday, touting it as a big win for Americans.
"With this law, the American people won, and the special interests lost," Biden said Tuesday. "This administration began amid a dark time in America … a once-in-a-century pandemic, devastating joblessness, clear and present threats to democracy and the rule of law, doubts about America's future itself — and yet we've not wavered, we've not flinched, and we've not given in."
Canadian officials celebrated the new law as a windfall for Canada and its green energy manufacturing sector, which will benefit from Americans receiving tax credits for purchasing electric vehicles made in North America, a fact not lost on critics of the legislation.
"Using your taxes to boost the Canadian automobile manufacturing sector is not going to reduce inflation in the United States, but it is quite a gift to Canada, the same country that sued the US in the WTO to get us to remove country of origin labels from our beef and pork," Rep. Thomas Massie, R-Ky., said in response to Trudeau Wednesday.
Biden signed the legislation after it passed both chambers of Congress on party lines, and Vice President Kamala Harris had to cast the tie-breaking vote in 51-50 Senate vote.
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https://www.foxnews.com/world/trudeau-celebrates-canadian-windfall-biden-signing-inflation-reduction-act
