Happy birthday to the Inflation Reduction Act! 🎂
Today, we celebrate one year of the Inflation Reduction Act — the most significant investment in fighting climate change and advancing clean energy in our nation’s history.
Click the image above to watch a personal message on how the Inflation Reduction Act is powering our nation into the future.
As I often point out, Delaware is the lowest-lying state in the nation. That means we are especially vulnerable to the impacts of climate change. We see it in the form of sea level rise, more intense flooding, and blistering heat waves. In fact, according to scientists, July was the world’s hottest month on record. Tackling climate change is the challenge of our time. Fortunately, we are turning this adversity into opportunity.
Thanks to the Inflation Reduction Act, we have put our nation on a path to a 40 percent reduction in greenhouse gas emissions by the end of this decade. In just a year, companies have announced the creation of more than 170,000 new clean energy jobs across our nation. This law is generating a clean energy boom, lowering everyday costs for families, and creating good-paying jobs across our country.
The Inflation Reduction Act is also helping lower health care costs. Up and down the First State and across the nation, Americans are feeling the impact of these cost savings — from seniors saving on prescription medications to families saving on health insurance premiums. What’s more, the Inflation Reduction Act is helping make our tax system fairer and more equitable while also ensuring that the wealthiest Americans and highly profitable corporations pay their fair share.
I believe that we can do good and do well at the same time, and this law is proof of that. While we have made tremendous progress, our work continues. Together, I know that we can leave future generations with a thriving economy and a safe, livable planet to call home.