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[144] [145] The Biden administration itself claimed that as of January 10, 2025, the IIJA, CaSA, and IRA together catalyzed $1 trillion in private investment (including $449 billion in electronics and semiconductors, $184 billion in electric vehicles and batteries, $215 billion in clean power, $93 billion in clean energy tech manufacturing and ...
The Build Back Better Act was a bill introduced in the 117th Congress to fulfill aspects of President Joe Biden's Build Back Better Plan.It was spun off from the American Jobs Plan, alongside the Infrastructure Investment and Jobs Act, as a $3.5 trillion Democratic reconciliation package that included provisions related to climate change and social policy.
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
The bill includes spending of $105 billion in public transport. It also give $110 billion to fixing roads and bridges, including measures for climate change mitigation, such as access for cyclists and pedestrians. [60] The Infrastructure Investment and Jobs Act was approved by Congress [61] [62] [63] and signed by Biden into law in November ...
In March 2024, the Washington Post published an article called, "Biden’s $7.5 billion investment in EV charging has only produced 7 stations in two years." [ 39 ] The plan called for $100 billion in funding for American energy infrastructure , aiming to transition the country to 100% carbon-free electricity production by 2035.
Joe Biden's tenure as the 46th president of the United States began with his inauguration on January 20, 2021. [1] [2] Biden, a member of the Democratic Party who previously served as vice president for two terms under President Barack Obama from 2009 to 2017, took office after his victory in the 2020 presidential election over the incumbent president, Donald Trump of the Republican Party.
This page was last edited on 30 December 2024, at 07:17 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.