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NewDEAL Statement on the Second Anniversary of the Inflation Reduction Act

News Category: Statements and Press Releases

NewDEAL Statement on the Second Anniversary of the Inflation Reduction Act

"Two years after President Biden signed the Inflation Reduction Act (IRA), it's clear that the law is working and state and local leaders are seeing the benefits in their communities. In addition to containing a variety of provisions to lower costs for American families, especially on healthcare and energy, the legislation is powering the Biden-Harris Administration’s successful efforts to invest in a clean energy economy that means more good-paying jobs, less unhealthy pollution in our air, and fewer extreme weather events caused by climate change.

"The law exemplifies the cooperation needed between the federal, state, and local governments to meet specific needs of communities and regions, and it's impact is being felt all over the country, in blue and red states and in urban and rural areas."