The hugely ambitious project is aimed at speeding America's transition to clean energy, rebuilding its industrial might and increasing social justice.
"I wish I hadn't called it that, because it has less to do with inflation than it has to do with providing alternatives that generate economic growth," Biden said at a recent meeting with donors in the western state of Utah. "This is the most significant climate and clean energy legislation in US history," said Lori Bird of the World Resources Institute, an environmental group.
For now, Biden's urgent concern is finding ways to capitalize before the November 2024 presidential elections on what he calls"Bidenomics." The Republican Party has pushed back against Biden's campaign, recently issuing a statement deriding his"desperate attempt to sell the so-called Inflation Reduction Act," which it blasted as a"scam."
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