Increased Green Tax-Credit Costs are a Sign of Successful Implementation of Biden’s New Law

The Inflation Reduction Act of 2022, which has been called Biden’s clean energy bill, has been moving along at a rate faster than was originally predicted.  More and more businesses are turning to green energy alternatives.  The law may end up costing the government much more that what was previously anticipated when the bill was first drafted.

“I think this is evidence that the bill was actually working, that people are making plans, they’re investing money,” John Podesta, a White House adviser who is overseeing implementation of the Inflation Reduction Act of 2022, said in a Reuters interview.

The government is applauding the current growth in renewable energy sector as a result of successful implementation of the clean energy bill.

Read More

Share this post