The giant $369bn bill signed by the president on Monday promises to bring big savings by offering tax rebates for green investments
The giant climate bill signed by Joe Biden on Tuesday is set to touch upon myriad aspects of Americans’ lives, helping shape everything from the cars they drive to the stovetops in their kitchens.
Biden has lauded the $369bn of climate spending in the Inflation Reduction Act as the “largest investment ever in combatting the existential crisis of climate change” and predicted it will save people hundreds of dollars each year in energy costs. This claim is based upon a series of investments aimed at shifting buying habits away from a polluting status quo towards cleaner, electrified vehicles and appliances.
