President Joe Biden's Climate Spending and Legacy Protection
President Joe Biden aims to protect climate spending and other parts of his legacy from a potential return of Donald Trump. Biden has yet to spend hundreds of billions of dollars from various legislation, including the American Rescue Plan and infrastructure laws.
Key Points
- Biden has yet to spend hundreds of billions of dollars from various legislation
- The bills include loans, grants, and tax credits for green economy initiatives, manufacturing, infrastructure, and technological competition with China
- The administration aims to allocate the money before a potential Trump presidency to protect the funding
Pros
- Allocating funds for green economy initiatives
- Reviving the country's manufacturing base
- Investing in infrastructure and challenging China for technological supremacy
Cons
- Potential interference with pending grant approvals by a future Trump presidency