Why Biden Believes 2023 will be the Best Year For Him In His Presidency Tenure?

President Joe Biden on Sunday explained on Twitter the reasons he believes 2023 is likely to be a fantastic time for Americans.

"Happy New Year, everyone," the president tweeted at midnight New Year's Day. "I think this will be a fantastic year. Why? We'll be applying a lot of items that we approved in the last session."

Biden started by noting there is a cap per month on the price of insulin for diabetics on Medicare will be in effect from January 1.

"As at this time the supply of a month's worth of insulin has been limited at $35 for all people who is on Medicare," the president tweeted. "$35. That's it."

That's it.

- -- President Biden (@POTUS) 1 January 1st 2023

The measure will provide relief to nearly two million Americans who have to pay on average $572 a year out-of-pocket for insulin according to an analysis of 2020 of the Kaiser Family Foundation (KFF).

The insulin cap has been included as part of Inflation Reduction Act, Democrats famous climate change legislation and health care legislation that Vice President Biden approved in the month of August the same year.

"Because of this historic law beginning on January 1, Americans will start to recognize the benefits of the additional cost-saving measures contained in the Inflation Reduction Act," the president stated in a statement issued in late December , on White House's official website.

US President Joe Biden departs following dinner

The President Joe Biden departs following a dinner in Christiansted, St. Croix on the 30th of December. Biden this Sunday explained on Twitter his reasons why he believes that 2023 will be an excellent time for Americans.

Biden also announced on Sunday that beginning January 1, pharmaceutical firms that increase their prices at a rate faster than inflation will have to pay Medicare the rebate.

"We're taking a pause on the extent and speed at which Big Pharma can raise drug prices," he wrote. "Starting today and if they hike prices more quickly than inflationrates, they'll have to pay huge fines."

The president also highlighted a aspect of the Inflation Reduction Act, noting that Americans have the option of receiving tax credits to buy energy-efficient appliances for their homes.

"Electric ovens solar panels, electric ovens, heat pumps: are able to name it. You can save money while fighting climate change" the author wrote, directing users to CleanEnergy.gov to find out more.

As of today from today, you will be able to get tax credits to purchase the most energy efficient appliances you can for your home. Solar panels, electric ovens and heat pumps I'm sure you can think of it.

Vice President Biden (@POTUS) 1 January 2023

People who are looking to buy cars can now receive a tax credit for buying a new or used electric car, Biden added.

The tax credit for clean vehicles is up to $7,500 for those "who have purchased and put into service a eligible plug-in electric vehicle (EV) or fuel-cell vehicle (FCV) in January 1st, 2023 or after and who meet certain income limits," according to the Internal Revenue Service (IRS).

Biden said in his Twitter post: "There's more -- all across the country, you'll find us building bridges as well as cleaning lead pipes and bringing people online. There's a lot of high-paying construction and manufacturing jobs opening up. We're just getting started. We're looking forward to 2023 and the projects we're going to accomplish together."

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