Biden marks 1st anniversary of law
Says administration investing in America
WASHINGTON — President Joe Biden proclaimed Wednesday his administration is “turning things around” for Americans when it comes to the economy, with his signature climate, health care and tax package giving people “more breathing room” on prices and investing anew in clean energy jobs.
“We’re leaving nobody behind,” Biden told a packed East Room filled with lawmakers, advocates and people who have benefited from his economic policies. “We’re investing in all of America — in the heartland, and coast to coast.”
At a White House event Wednesday afternoon to celebrate a year since he signed the so-called Inflation Reduction Act, the president stood alongside people who the White House says have been aided by the law.
That sweeping package, along with the bipartisan infrastructure law and a massive bill that bolsters production of semiconductor chips, make up the core of what the White House has branded “Bidenomics.”
U.S. Treasury marked the law’s anniversary by releasing a new analysis that it says shows new clean energy
investments spurred by the law are largely benefiting underserved communities.
Sen. Joe Manchin, D-W.VA., on Wednesday railed against the Biden administration’s efforts to “implement the IRA as a radical climate agenda instead of implementing the IRA that was passed into law,” and vowed to “push back on those who seek to undermine this significant
legislation for their respective political agenda.”
Manchin lauded certain parts of the bill.
“With respect to energy security, and contrary to those in the Biden administration who seek to undermine this goal, this law re-established an all-of-the-above energy policy and empowered the growth of fossil fuels and renewables,” he said.