spot_img

One Year Milestone: Biden’s Inflation Reduction Act Fuels Jobs and Climate Action

Today marks one year since President Biden signed his historic Inflation Reduction Act into law, a pivotal step in climate action and clean energy investment in America. In just 12 months, the act is making a significant difference, particularly for underserved communities and workers across the nation.

To date, over 170,000 clean energy jobs have been created with the promise of 1.5 million additional jobs expected over the next decade, according to outside estimates.

FILE – President Joe Biden speaks about the Inflation Reduction Act of 2022 during a ceremony on the South Lawn of the White House in Washington, Sept. 13, 2022. It’s a once-in-a-generation undertaking, thanks to three big bills approved by Congress last session. They’re now coming online. Biden calls it “Bidenomics.” Republicans criticize it as big government overreach. Taken together, the estimated $2 trillion is a centerpiece of Biden’s re-election effort.  (AP Photo/Andrew Harnik, File)

In a massive commitment to renewable energy, companies have announced $110 billion in new clean energy manufacturing investments just this year.

In a significant win for healthcare, nearly 15 million people are now saving an average of $800 per year on health insurance premiums, and seniors on Medicare are benefiting from a $35 per month cap on insulin costs.

FILE – Wind turbines operate in Livermore, Calif., on Wednesday, Aug. 10, 2022. Biden, on his three-state western swing this past week, emphasized to donors and voters how the Inflation Reduction Act addresses climate change and promotes the creation of jobs as the economy moves toward renewable energy. (AP Photo/Godofredo A. Vásquez, File)

As we celebrate this milestone, one must ask, how will this act continue to shape America’s clean energy landscape and further bridge the equity gap for communities across the nation?

- Advertisement -

Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

The post One Year Milestone: Biden’s Inflation Reduction Act Fuels Jobs and Climate Action appeared first on American Urban Radio Networks.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Do midterm redistricting efforts favor Republicans?

The U.S. Supreme Court slapped down an appeal from...

Illinois lawmaker calls for Aurora mayor’s resignation over alleged ICE ‘doxxing’

(The Center Square) – Illinois state Rep. Adam Niemerg,...

McCuskey, coalition of AGs urge SEC to review OpenAI

West Virginia Attorney General J.B. McCuskey has joined a...

Judge sets up high stakes baby formula NEC trial vs Mead Johnson

A federal judge has potentially cleared the way for...

Letlow and Fleming headed for runoff in Louisiana U.S. Senate race

Julia Letlow will face John Fleming in a runoff...

Illinois Quick Hits: Dems look at Chicago for national conventions

(The Center Square) – The Democrat National Convention’s committee...

Europe tried wealth taxes. Most gave up.

Democratic senators are advancing a series of proposals to...

A Lasting Legacy: How Brain Donation Is Advancing Autism Research

While organ donation can help save a life, brain...

More like this
Related

Do midterm redistricting efforts favor Republicans?

The U.S. Supreme Court slapped down an appeal from...

Illinois lawmaker calls for Aurora mayor’s resignation over alleged ICE ‘doxxing’

(The Center Square) – Illinois state Rep. Adam Niemerg,...

McCuskey, coalition of AGs urge SEC to review OpenAI

West Virginia Attorney General J.B. McCuskey has joined a...

Judge sets up high stakes baby formula NEC trial vs Mead Johnson

A federal judge has potentially cleared the way for...