Thursday 22 September 2022 09:44 PM John Kerry admits he doesn't think the Inflation Reduction Act has 'much to do ... trends now
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Former Secretary of State John Kerry said publicly that President Biden's Inflation Reduction Act doesn't have 'much' to do with inflation – even as he praised the law's billions in climate funding.
Kerry was referring to the bill title that Senate leaders stuck onto the resurrected legislation after Senate Majority Leader Charles Schumer was able to hammer out a deal with West Virginia Sen. Joe Manchin, who had raised repeat concerns about potential impacts on record inflation.
Negotiators scrubbed Biden's proposals, many from his original Build Back Better plan, and slapped on the Inflation Reduction Act moniker, although many of its most ambitious programs that the administration cheered had to do with carbon emissions reductions and new funds to promote electric vehicles.
Kerry, the Biden administration's special envoy for climate, emphasized those provisions of the new law. The law includes $375 billion in
