Biden Explains Inflation Reduction Act on Anniversary

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One year today, since President Joe Biden signed the inflation reduction Act into law, the climate focused bill provides billions of dollars in tax credits to consumers, buying electric vehicles and companies producing renewable energy. But many Americans don't know much about the bill. That's according to recent polling, Biden and the lawmakers who helped pass the act will talk about it today and explain how it works. According to Wall Street and analysts, us companies and investors have benefited greatly from it. About 270 new clean energy projects have been announced for 2024 and 2025 investments in solar projects has reached $132 billion with over 86,000 new jobs expected.