President Biden on Tuesday signed Democrats’ massive spending bill into law, calling it the “biggest step forward on climate ever.”

“With this law, the American people won, and the special interests lost,” Biden said during a signing ceremony at the White House. “For a while people doubted whether any of that was going to happen, but we are in a season of substance.”

He said the bill’s passage is proof for “the American people that democracy still works in America, notwithstanding… all the talk of its demise, not just for the privileged few, but for all of us.”

President Joe Biden on Tuesday signed a scaled-back version of his ambitious “Build Back Better” agenda into law, capping off a series of modest legislative wins heading into the autumn midterms.

“With this law, the American people won, and the special interests lost,” Biden said.

The measure increases investments in renewable energy, imposes a fee on methane emissions, allows Medicare to negotiate with drug companies to win lower prices for prescription drugs, and extends larger subsidies to poorer families enrolled in the Affordable Care Act.

ABC News on Tuesday blurred the lines between the network and the DNC talking points, cheering the “big win,” “big victory” for Joe Biden after the passage of a new spending bill. The journalists at Good Morning America could barely contain their excitement. 

Guest co-host Gio Benitez hyped, “We're going to turn now to a big victory at the White House. President Biden is set to sign the massive health, climate and tax bill into law later today. Now this is the largest climate investment in U.S. history.” 

Democrats’ new climate, health care, and tax package — known as the Inflation Reduction Act — includes nearly $80 billion in new funding for the IRS, which is supposed to help the chronically underfunded agency staff back up and boost enforcement measures to collect unpaid taxes from wealthy Americans.

The funding has become a political flashpoint in recent days among conservatives and some business groups, who have falsely claimed that the IRS will use the money to hire an “army” of 87,000 new agents who will target average taxpayers.

President Biden on Tuesday will sign into law the Inflation Reduction Act, an ambitious measure that aims to tamp down on inflation, lower prescription drug prices, tackle climate change, reduce the deficit and impose a minimum tax on profits of the largest corporations.

“President Biden and Congressional Democrats have worked together to deliver a historic legislative achievement that defeats special interests, delivers for American families, and grows the economy from the bottom up and middle out,” the White House said in a statement Monday.

President Joe Biden will sign a comprehensive Democratic spending bill Tuesday that seeks to fight climate change, raise taxes on corporations and expand health care coverage.

Biden is expected to deliver remarks from the White House's State Dining Room at the signing of the legislation, dubbed the Inflation Reduction Act, around 3:30 p.m. ET. The bill is a major legislative achievement for Democrats ahead of the midterm elections after more than a year of trying to strike a deal that satisfied both progressives and moderates in the party.

President Joe Biden signed the Inflation Reduction Act, the roughly $700 billion climate, health care and tax package that passed Congress last week on a party line vote.

Biden handed a pen to Sen. Joe Manchin (D-WV) just after he signed the bill, a gesture to one of the Senate’s Democratic holdouts to earlier versions of the bill that were far more sweeping and costly.

“Joe, I never had a doubt,” Biden said during his remarks in the State Dining Room.

When the House of Representatives passed landmark climate legislation on Friday, Joe Biden chalked up one of the surprise successes of his presidency. Only last month his ambitious agenda appeared sunk after a conservative Democrat and coal baron, Joe Manchin, refused to back it. His vote is crucial in an evenly divided Senate. However, the climate proposals were largely resurrected in the form of the Inflation Reduction Act (IRA), co-authored by Mr Manchin, which Congress approved.

Enforcing laws has not exactly been the Democrats’ strong suit in recent years. At the federal level, the Biden administration has blatantly gutted border and immigration enforcement and is even defying court rulings ordering them to resume enforcement. At the state and local level, prosecutors have essentially nullified entire sections of criminal and civil codes by refusing to prosecute many offenders, while in some states “progressive” laws require that even violent criminals are routinely released without bail.

Cost relief may be coming for Medicare recipients who use insulin. But a proposed $35 monthly cap for those with private insurance is no longer part of the Senate’s Inflation Relief Act, which goes before the House on Friday.

The cost of insulin, which is used by people with diabetes to control their blood sugar, has become a political issue, with politicians like Vermont Sen. Bernie Sanders decrying how much Americans pay compared to people in other countries.