Households can save up to 30% with tax credits for efficient heating and cooling equipment that will save them hundreds of dollars on utility bills.
The IRA will also lower the deficit and ask the ultra-wealthy and corporations to pay their fair share. President Biden and Congressional Democrats successfully fought to pass this historic legislation to help all Americans, including African Americans, who have been at the frontline of climate change, by lowering costs, advancing environmental justice while building a cleaner future, and growing the economy from the bottom up and the middle out by creating good-paying, union jobs across the country. By signing the Inflation Reduction Act, President Biden is delivering on his promise to build an economy that works for working families, including Black families.
The Biden-Harris Administration’s vital policies and programs include: By signing into law the historic American Rescue Plan (ARP), Bipartisan Infrastructure Law, Inflation Reduction Act, and implementing robust regulatory reform, President Biden has led the most equitable economic recovery on record, creating nearly 10 million jobs since coming to office, and helping create new economic opportunities for African Americans, including Black-owned businesses, and made long overdue investments in Black communities. The Administration has delivered real and lasting change and continues to work each day to deliver equitable outcomes and opportunity for African Americans.Įconomic Opportunity for Black Families and Communities. That has meant: record drops in unemployment for Black workers historically low credit card delinquency rates – which hit Black and Latino borrowers hardest historically low foreclosures and evictions and historically low Black child poverty rates. The Biden-Harris Administration is working to protect and advance civil rights, voter protections, racial equity, and economic opportunity for Black communities. Centuries of injustice and decades of disinvestment in Black communities not only undermine the American promise of equal opportunity, but also keep our entire nation from reaching its potential.
For generations, entrenched disparities in our society and economy, at times facilitated by the federal government, have made it harder for Black Americans to have a fair shot at the American dream. The Administration has taken an historic approach to advancing racial equity, including directing every agency across the whole of the federal government to address the lasting impacts of systemic racism on Black communities. Get Involved Show submenu for “Get Involved””įrom the first day in office and every day since, the Biden-Harris Administration has led the charge to ensure that all African American families and communities can live with dignity, safety, respect, and achieve greater economic opportunity.The White House Show submenu for “The White House””.Office of the United States Trade Representative.
Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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