Biden Plans $600M in Climate Investments

Biden Plans $600M in Climate Investments
Image copyright: The White House [via Wikimedia Commons]

The Spin


Democratic narrative

These newly-announced investments will help the US in its crucial fight against climate change, helping it greatly reduce emissions and stopping the planet from overheating. Best of all, it’s paid for through a series of tax changes that won’t affect ordinary Americans.


Republican narrative

The Inflation Reduction Act isn’t the panacea the Democrats think it is, especially since they’re lying about how much it will cost. Investments like the ones Biden is announcing — and other parts of the IRA — will actually add hundreds of billions of dollars to the national deficit, crippling the US economy in ways that supposed climate change won’t.


Metaculus Prediction


Public Figures


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