Biden: ‘Inflation Reduction Act Invests $369B to Take the Most Aggressive Action Ever, Ever, Ever, Ever, in Confronting the Climate Crisis’

By CNSNews.com Staff | August 17, 2022 | 10:46am EDT
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(CNSNews.com) - President Joe Biden put special emphasis on the “climate crisis” in the address he delivered on Tuesday before signing the 730-page Inflation Reduction Act.

“The Inflation Reduction Act invests $369 billion to take the most aggressive action ever, ever, ever, ever, in confronting the climate crisis and strengthening our economic—our energy security,” he said.

“This bill is the biggest step forward on climate ever—ever—and it’s going to allow—it’s going to allow us to boldly take additional steps toward meeting all of my climate goals — the ones we set out when we ran,” he said.

“This new law also provides tax credits that’s going to create tens of thousands of good-paying jobs and clean energy manufacturing jobs, solar factories in the Midwest and the South, wind farms across the plains and off our shores, clean hydrogen projects and more—all across America, every part of America,” he said.

Here is an excerpt from the speech Biden delivered before signing the “Inflation Reduction Act:”

President Joe Biden: “The Inflation Reduction Act invests $369 billion to take the most aggressive action ever, ever, ever, ever, in confronting the climate crisis and strengthening our economic — our energy security.

“It’s going to offer working families thousands of dollars in savings by providing them rebates to buy new and efficient appliances, weatherize their homes, get tax credit for purchasing heat pumps and rooftop solar, electric stoves, ovens, dryers.
 
“It gives consumers a tax credit to buy electric vehicles or fuel cell vehicles, new or used. And it gives them a credit—a tax credit of up to $7,500 if those vehicles were made in America. 

“American auto companies, along with American labor, are committing their treasure and their talent—billions of dollars in investment—to make electric vehicles and battery and electric charging stations all across America, made in America. All of it made in America.

“This new law also provides tax credits that’s going to create tens of thousands of good-paying jobs and clean energy manufacturing jobs, solar factories in the Midwest and the South, wind farms across the plains and off our shores, clean hydrogen projects and more — all across America, every part of America.

“This bill is the biggest step forward on climate ever—ever—and it’s going to allow—it’s going to allow us to boldly take additional steps toward meeting all of my climate goals — the ones we set out when we ran.”

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