ICYMI: NYT: E.V. Investments Flow to States Where Politicians Denounce Biden Climate Policies

No Congressional Republicans Voted for it, But Their Districts Will Greatly Benefit

In Case You Missed It — The investments in President Biden’s Inflation Reduction Act will greatly benefit the districts of Congressional Republicans, despite the fact that none voted for it, according to The New York Times. The story noted that “states that voted for former President Donald J. Trump will receive most of the grants announced by the White House on Wednesday to promote battery and raw material production in the United States.”

President Biden’s agenda is creating jobs, lowering costs, and boosting the economy for all American families.

READ COVERAGE FROM THE NEW YORK TIMES HERE

KEY POINTS: 

  • Democrats pushed through climate change legislation this year that earmarked tens of billions of dollars to create a U.S. supply chain for electric vehicles. Republicans and the states they represent are poised to cash in on much of the political and economic windfall.

  • For Republican members of Congress, none of whom voted for the climate law, it’s the best of both worlds. They can call the spending wasteful, while benefiting politically from the jobs and money that car and battery factories bring to their districts.

  • Even before President Biden signed the Inflation Reduction Act in August, billions of dollars were flooding into electric-car and battery factories. The legislation is expected to supercharge the investment, a large chunk of which is flowing to states whose representatives are often skeptical of climate change and have close ties to coal, oil and natural gas businesses.

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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