The Inflation Reduction Act alone was set to dole out $1.2 trillion, according to Goldman Sachs, $783 billion of which would be used toward the goal of reducing the Earth’s temperature through initiatives like making homes more energy efficient and replacing internal combustion vehicles with electric vehicles.
The Associated Press also cited the Environmental Protection Agency’s recent outpouring of $3 billion to replace lead pipes and the Department of Energy’s $544 million loan to SK Siltron CSS, LLC to expand silicon carbide wafers for electric vehicles.
For instance, the administration had very little use for the money passed in the infrastructure bill, with only $125 billion of its $884 billion in direct investments spent, according to the May Politico report.
Similarly, the Inflation Reduction Act, the climate change law, has seen only $60 billion in funding decisions dispersed out of the $145 billion designated for direct spending as of April.
While some delays stemmed from provisions requiring spending to occur in later years, for the most part, the Biden administration was simply unprepared to actually do anything with the laws Biden signed.
https://spectator.org/biden-desperately-tries-to-save-his-legacy/
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