A Reorientation of Policy
Just passed by the House, the Inflation Reduction Act is now on its way to President Biden’s desk.
The soon-to-be law is a landmark, though flawed, achievement.
As Roosevelt experts have explained, it makes historic and essential investments in clean energy, green industrial policy, and the IRS. But it still falls short of what is necessary to combat the climate crisis and achieve true environmental justice for Black, brown, and Indigenous communities.
“The best that can be said of the bill is that it represents a significant reorientation of policy in a number of areas,” Roosevelt President and CEO Felicia Wong told the New Yorker’s John Cassidy ahead of the House vote.
“It starts things in the direction we need to be going.”
Now, the work to create a high-care, low-carbon economy for all continues.
Catch up with our Understanding the Inflation Reduction Act series and a new piece by Roosevelt Chief Economist Joseph Stiglitz.
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