Description: President Joe Biden, from within Washington’s political hub, robustly requested the impending Republican president, this week, to abstain from dismantling his signature law, a law which has kick-started nationwide clean-energy manufacturing endeavors, even including those on Congress territory leaning towards the GOP. “Will the imminent president put a stop to a new electric battery plant established in Liberty, North Carolina, projected to create numerous employment opportunities?” challenged the incumbent president in a speech delivered on Tuesday at the Brookings Institution, a thinktank with a slight left-leaning bias. “Would they put an end to an emerging solar plant making headway in Cartersville, Georgia? Are they really planning on doing that?”
As his presidency draws closer to its conclusion, Biden seeks to leave behind an imprint of post-pandemic economic resurgence. Simultaneously, he challenges Republican opponents of his policy direction to support the preservation of the 2022 Inflation Reduction Act, a cornerstone of Biden’s financial strategies. The president wishes to ensure the security of the pioneer act that released billions in monetary incentives to promote the establishment of clean-energy factories.
Looking ahead, Donald Trump, the president in waiting, has pledged to unravel a variety of expansive laws and guidelines set in place during Biden’s tenure, particularly once the Republicans gain total control of Congress and the White House upon his second term. Biden is risking the hope that the resultant jobs and projects will amass such favorability among the recipients that his Republican rivals will lack the audacity to dismantle them.
Simultaneously, in the hidden depths of policy making, the Biden coalition is exhausting all means available to safeguard Biden’s additional major accomplishments from possible Trump dismantling, and to sidestep potential Republican supremacy. This aligns with the custom in Washington where the departing administration tends to execute policy shifts at the eleventh hour before the arrival of the challenging party.
Biden has guided his administration to allocate as much of the available resources from the four significant spending laws that managed to pass through Congress: the American Rescue Plan, the Bipartisan Infrastructure Act, the CHIPS and Science Act, and the Inflation Reduction Act.
Furthermore, Biden is projected to accentuate a distinct aspect of the Inflation Reduction Act the following month, when a new limit of $2,000 will be instituted for particular Medicare benefactors. To add to this, federal institutions are close to finalizing a range of new regulations targeted at limiting bank overdraft fees and preventing businesses from obscuring so-called “junk fees” from customers, prior to Biden vacating the office.
In recent communication, Biden’s top adviser, Jeff Zients, engaged with White House personnel, referring to the concluding six weeks as a “race to the finish line” to “achieve as much as we can for the people of America.”