Next week marks the one-year anniversary of Biden signing the measure into the law, the centerpiece of his domestic agenda. It contains hundreds of billions of dollars to fund clean-energy projects and address climate change and while making sweeping changes to health care policies and the tax code.
Biden, though, has been struggling to sell voters skeptical of his handling of the economy on the notion his policies have led to a boom in manufacturing and other economic gains. In recent months as he has ramped up his reelection campaign, Biden has touted the law in speeches around the country. Biden has said the billions of dollars in the law for climate measures is spurring a boom in clean energy projects that that are bringing high-paying jobs back to the US and transitioning the country away from fuels that have contributed to global warming.Article content
Parts of the Inflation Reduction Act have also rankled key union allies ahead of next year’s presidential election. Auto workers have raised concerns the law’s subsidies could encourage consumers to buy electric vehicles that threaten union jobs.