By Natalie Quillian, Vice President and Chief of Staff
In his first two years in office, President Biden worked with congressional Democrats to pass landmark legislation that made the Bionomics key pillar of his Investing in America agenda. The American Rescue Plan, the Bipartisan Infrastructure Act, the CHIPS and SCIENCE Act, and the Anti-Inflation Act will reduce spending across the country, create good-paying jobs, revitalize American manufacturing, and empower workers. Red changes life. This year, the President and the entire Biden-Harris administration are working every day to implement these laws quickly and effectively and invest in communities that are often left behind. And we’re showing Americans how President Biden’s agenda is benefiting their communities: We’ve engaged cabinet and administration officials in 40 states through four investment tours across America, holding hundreds of meetings to highlight the impact of the president’s agenda. have done And we launched a new website, invest.gov, where Americans can see how President Biden’s actions are impacting their communities.
While we have more work to do, there are many indicators of progress we’ve made this year. Here are 10 of our favorites:
Invest in America 2023 Top 10
1. Save 15 million Americans $800 in health insurance coverage by 2023, cap insulin at $35 for seniors on Medicare, negotiate 10 drug prices, Medicare and Medicaid beneficiaries made vaccinations offered free of charge, and applied four-quarters of the inflation rate. The Inflation Reduction Act saves hundreds of dollars per prescription drug for some seniors, all because of the Inflation Reduction Act.
2. 210,000 new clean energy jobs through August 2022, and 252,000 construction jobs in 2023 due to investment spurred by the Inflation Relief Act.
3. Mobilize nearly $180 billion in private sector investment by 2023, bringing private sector investment in clean energy and manufacturing to $628 billion since President Biden took office. A recent Treasury study showed that 81% of the announced investments in clean energy projects since the De-Inflation Act was signed were in countries with lower than average wages.
4. Strong forecasts and expectations for productive construction investment in the United States, likely driven by new projects and investments created by the President’s investment agenda in the United States, including the Bipartisan Infrastructure Act, CHIPS and The law of science, and the law of deflation:
Significant investment in clean power generation spurred by the Inflationary Reduction Act has also led forecasters to increase their estimates of clean power generation in the United States:
5. BAE Systems Inc. in New Hampshire. announced the first potential CHIPS award, signaling a new phase of CHIPS implementation that will continue to encourage investment, strengthen America’s supply chain, protect national security, and create jobs.
6. More than 33,000 infrastructure projects have been announced from the Bipartisan Infrastructure Act in 2023 alone, including $30 billion for rail worldwide, seven regional clean hydrogen hubs, projects that will replace hundreds of thousands of lead pipes. , and 60 projects to improve the electric grid bring the total number of projects announced since the Bipartisan Infrastructure Act was signed into law to 40,000.
7. Workers in industries, especially unionized workers, received historic wage increases, including 30% raises for UAW workers at the Big Three, 55% raises for Teamster workers at UPS, 32% for kitchen workers in Las Vegas. % increase, and a 21% increase for Kaiser Permanente health workers.
8. The White House has launched five task force centers across the country to build pipelines for good jobs in areas that see a focus on public and private investment by the Investing in America agenda. The first lady traveled to workforce centers across the country to highlight investments secured from employers, community colleges, unions and local leaders to build new workforce pipelines, including tens of thousands of workers in the construction trades. Training commitments, new semiconductor manufacturing accreditation programs. , and new and expanded registered education programs.
9. America’s Climate Corps launched to mobilize a new, diverse generation of clean energy, conservation, and resilience workers. In just the first few weeks after the initiative was launched, more than 40K people, mostly under the age of 35, showed interest.
10. Add 7 million households to the Affordable Connections program by 2023, for a total of 22 million households enrolled in the program that saved households between $30 and $75 per month on their Internet bills last year does
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Image Source : www.whitehouse.gov