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  • Writer's pictureDahlia Foundation

Biden fights for political gain a year after ambitious climate law

On August 16, 2022, when the US president signed the $750 billion plan into law, the country was in the midst of a dramatic surge in prices that was battering the Democratic leader's popularity. So "the Inflation Reduction Act" seemed a logical name, even though the plan aimed largely -- through some $350 billion in subsidies and tax credits -- at speeding the transition to green energy.

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