Biden’s Inflation Reduction Act Seen as Key in U.S. Midterm Elections
Biden’s Inflation Reduction Act Seen as Key in U.S. Midterm Elections
Author(s): Mateusz Piotrowski
Subject(s): National Economy, Governance, Economic policy, Government/Political systems
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Biden; Inflation Reduction; Act; USA;
Summary/Abstract: On 16 August, U.S. President Joe Biden signed into law the Inflation Reduction Act to complete the Build Back Better economic and political plan that was at the heart of his electoral agenda. The act is intended to contain the soaring costs of living for Americans caused by inflation and to reduce the budget deficit. At the same time, it includes the largest package of measures for climate protection to date, facilitating the implementation of U.S. climate policy goals. The effects of the act will be felt only in a few months, and therefore its significance for the outcome of the November midterm elections to Congress will depend on building an effective campaign message.
Series: PISM Bulletin
- Page Count: 2
- Publication Year: 2022
- Language: English
- Content File-PDF
