Biden Believes the Inflation Reduction Act Was Aimed at Climate Change and Suggests a More Suitable Name Should Have Been Used, according to RealClearPolitics.

TL/DR –

President Biden suggested that the naming of his recently passed infrastructure bill, the Inflation Reduction Act, may have caused confusion about its actual purpose. He stated that the bill was actually about addressing climate change and creating jobs and should have been named to reflect that. The President also noted that the legislation was designed to aid in shifting the US economy from fossil fuels to renewable energy.

Biden’s Inflation Reduction Act and Climate Change Connection

President Biden has clarified that the Inflation Reduction Act was primarily about addressing climate change: “We should have named it what it was”.

Read More US Economic News