- Joined
- May 11, 2013
- Posts
- 24,887
- Reaction score
- 13,613
- Points
- 2,755
- Location
- Morganton, N.C.
- Website
- conversations-ii.freeforums.net
(The Guardian) Biden speaks on Inflation Reduction Act
Joe Biden is about to deliver a hastily arranged address about the Inflation Reduction Act, the White House says.
Biden: 'Most significant legislation in history to tackle climate crisis'
Joe Biden hailed the Inflation Reduction Act as “the most significant legislation in history to tackle the climate crisis” in a White House address welcoming the wide-ranging legislative package.
The president outlined the benefits to Americans during his remarks, which followed the surprise announcement of a deal last night between Democratic Senate majority leader Chuck Schumer and holdout West Virginia senator Joe Manchin. -- This bill will be the most significant legislation in history to tackle the climate crisis and improve our energy security right away, and give us a tool to meet the climate goals... we’ve agreed to by cutting emissions and accelerating clean energy. It’s a huge step forward.
This bill will reduce inflationary pressures on the economy. It will cut your cost of living and reduce inflation, it lowers the deficit and strengthens our economy for the long run as well.
This bill has won the support of climate leaders like former vice-president Al Gore, who said the bill is, quote, long overdue and a necessary step to ensure the United States takes decisive action on the climate crisis that helps our economy and provides leadership for the world.
Climate activists have broadly welcomed the bill which, if passed by Congress, would give Biden a massive victory ahead of November’s midterms. Inflation at 40-year highs and soaring prices in supermarkets and at gas pumps have contributed to the president’s low approval ratings.
It also follows months of stalling on Biden’s agenda, specifically by Manchin, who didn’t like the cost of $1.8tn Build Back Better spending package featuring measures like extended child tax credit.
Biden acknowledged: This bill is far from perfect. I know the bill doesn’t include everything that I’ve been pushing for since I got to office. For example, I’m going to keep fighting to bring down the cost of things for working families and middle class families by providing for things like affordable childcare, affordable elder care, the cost of preschool, housing, helping students with the cost of college, closing the health care coverage gap...
My message to Congress is this. This is the strongest bill you can pass to lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis and promote energy security, all the time while reducing the burdens facing working class and middle class families.
So pass it. Pass it for the American people. Pass it for America.