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Biden Acknowledges Inflation Reduction Act's True Focus on Climate Change

President Biden admits the $369 billion legislation was primarily aimed at climate initiatives, not reducing inflation.

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Democratic presidential nominee, U.S. Vice President Kamala Harris is embraced by U.S. President Joe Biden during a campaign event at IBEW Local Union #5 on September 2, 2024 in Pittsburgh, Pennsylvania. (Michael M. Santiago / Getty Images)
President Joe Biden speaks from a distance after stepping off Air Force One at Detroit Metropolitan Wayne County Airport in Romulus, Mich., Friday, Sep. 6, 2024. (AP Photo/Manuel Balce Ceneta)

Overview

  • Biden's recent speech in Wisconsin highlighted the true intent behind the Inflation Reduction Act.
  • The act, passed in August 2022, was described by Biden as the most significant climate change law ever.
  • Republican critics argue the act has contributed to rising costs of living, including groceries and gas.
  • Vice President Kamala Harris cast the tie-breaking vote for the act, complicating her stance on inflation.
  • Biden's admission has sparked discussions on the transparency and naming of legislative bills.