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Inflation Reduction Act

President Joe Biden’s landmark Inflation Reduction Act makes historic investments in America’s middle class by creating new, good-paying jobs; accelerating the transition to a clean energy economy, including through electric vehicle (EV) tax credits and rebates; and lowering the cost of utilities, health care coverage, and prescription drugs. Moreover, the law takes on entrenched special interests like Big Oil and Big Pharma and makes multibillion dollar corporations finally pay their fair share in taxes.

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CAP Testimony Before the House Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs and Subcommittee on Health Care and Financial Services In the News

CAP Testimony Before the House Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs and Subcommittee on Health Care and Financial Services

Emily Gee testified before subcommittees of the U.S. House of Representatives Oversight Committee on how the Inflation Reduction Act has lowered health care and energy costs for American families while investing in a future powered by clean energy.

U.S. House of Representatives Oversight Committee

Emily Gee

Congressional Republicans’ Plan To Cut Clean Energy Investments Would Cause Higher Energy Bills and Job Losses Across States Article
Workers carry a solar panel onto a roof in Schaumburg, Illinois.

Congressional Republicans’ Plan To Cut Clean Energy Investments Would Cause Higher Energy Bills and Job Losses Across States

The clean energy supply chain spurred by U.S. investment has created jobs and helped to lower electricity costs; repealing these investments midstream would increase electricity prices for households and businesses in nearly every state.

Shannon Baker-Branstetter, Jamie Friedman

States Must Lead the Way on Climate Report
Photo shows two workers in protective gear installing a large solar panel on a while roof with a body of water in the background

States Must Lead the Way on Climate

State governments must step up to help avoid the worst impacts of climate change and build a more prosperous, inclusive, and globally competitive American clean energy economy.

Reema Bzeih, Sam Ricketts, Shannon Baker-Branstetter

The Inflation Reduction Act Lives Up to Its Name Testimony

The Inflation Reduction Act Lives Up to Its Name

Trevor Higgins, senior vice president of the Energy and Environment department at the Center for American Progress, filed written testimony before the U.S. House Budget Committee at a hearing on energy costs titled “The Cost of the Biden-Harris Energy Crisis.”

Trevor Higgins

Clean Energy Investments Are Boosting the U.S. Economy Testimony

Clean Energy Investments Are Boosting the U.S. Economy

Trevor Higgins, senior vice president of the Energy and Environment department at the Center for American Progress, filed written testimony before the U.S. House Committee on Energy and Commerce’s Subcommittee on Energy, Climate, and Grid Security; the testimony occurred at a hearing on energy costs titled “From Gas to Groceries: Americans Pay the Price of the Biden-Harris Energy Agenda.”

Trevor Higgins

A Holistic Approach to Environmental Justice Video

A Holistic Approach to Environmental Justice

The Friendship House Association of American Indians is using Inflation Reduction Act funds to support the building of Village SF, an inter-Tribal community project that will help the more than 18,000 Indigenous peoples in the San Francisco Bay Area reconnect with nature, their culture, and their community.

Margaret Cooney, Jeremy Hill, Hai-Lam Phan, 2 More Olivia Mowry, Lauren Vicary

How Project 2025 Threatens the Inflation Reduction Act’s Thriving Clean Energy Economy Report
Photo shows two workers wearing protective gear installing a couple solar panels on a sunny rooftop

How Project 2025 Threatens the Inflation Reduction Act’s Thriving Clean Energy Economy

As the two-year anniversary of the Inflation Reduction Act is commemorated, the Biden-Harris administration's historic climate action offers much to celebrate, having secured unprecedented clean energy advancements and substantial gains against climate change—but Project 2025 has the potential to reverse this pivotal progress and derail the nation's clean energy transition.

Devon Lespier, Jessica Ordóñez-Lancet

Organized Labor Is Uncovering the Truth About Offshore Wind in Rhode Island Video

Organized Labor Is Uncovering the Truth About Offshore Wind in Rhode Island

On the front lines of the clean energy transition, Rhode Island’s offshore wind developments and union workforce are disproving misinformation spread by the fossil fuel industry and showcasing the benefits of federal climate investments for local communities and economies.

Margaret Cooney, Devon Lespier, Hai-Lam Phan, 2 More Adam Reich, Olivia Mowry

Historic Investments in Electric Vehicle Batteries and Chargers are Expanding Opportunities in Communities with High Poverty Rates Article
An electric car is plugged into a charging station with a palm tree in the background.

Historic Investments in Electric Vehicle Batteries and Chargers are Expanding Opportunities in Communities with High Poverty Rates

Since the passage of the Inflation Reduction Act, communities with higher poverty rates and lower median incomes have seen a surge of investment in manufacturing EV batteries and charging equipment.

Jasia Smith, Jamie Friedman

3 International Climate Priorities for 2024 Report
Photo shows several flags arranged in a circular formation, flying against a grey cloudy sky

3 International Climate Priorities for 2024

As President Joe Biden’s first term draws to a close, his administration must deliver on three international climate policies to catalyze a 21st-century clean energy economy and avoid the worst impacts of climate change.

Anne Christianson, Trevor Sutton, Frances Colón

2024 Affordable Care Act Marketplace Plan Selections by Congressional District Interactive
A staff nurse checks a patient at a hospital.

2024 Affordable Care Act Marketplace Plan Selections by Congressional District

A new CAP interactive explores the proportion of nonelderly people who made federally facilitated marketplace plan selections during the 2024 open enrollment period by congressional district. Without congressional action, consumers will lose the enhanced financial assistance that supported record levels of enrollment.

Nicole Rapfogel

First Solar Thin Film Research and Development Center Article
A field of solar panels is seen in the middle of the desert.

First Solar Thin Film Research and Development Center

First Solar is spending $450 million to establish a research and development center focused on the production of thin film photovoltaic modules.

4 Things To Know About the EPA’s Upcoming Car Emissions Standards Article
Photo shows a black plaque with gold lettering reading

4 Things To Know About the EPA’s Upcoming Car Emissions Standards

The Environmental Protection Agency’s finalized emissions standards for cars and light trucks in model years 2027 through 2032 will drive billions of dollars in public health, climate, and economic benefits.

Leo Banks

‘Clean Up To Green Up’: Building a Clean Energy Workforce and a Brighter Future in Detroit Video

‘Clean Up To Green Up’: Building a Clean Energy Workforce and a Brighter Future in Detroit

The Green Door Initiative is using federal investments from President Joe Biden's Justice40 Initiative and the Inflation Reduction Act to ensure that all people—regardless of race, income, or ZIP code—have access to good jobs and live in safe and healthy communities.

Margaret Cooney, Hannah Malus, Cathleen Kelly, 5 More Matthew Gossage, Toni Pandolfo, Jeremy Hill, Andrew Sonntag, Hai-Lam Phan

Rebuilding the IRS Improves Customer Service and Reduces the Tax Gap Article
A sign reading

Rebuilding the IRS Improves Customer Service and Reduces the Tax Gap

Funding from the Inflation Reduction Act helps ensure that the wealthy and large corporations pay what they owe and that customer service improvements continue.

Jean Ross

How Cities Can Take Advantage of Direct Pay Past Event

How Cities Can Take Advantage of Direct Pay

Please join the BlueGreen Alliance, the Center for American Progress, Lawyers for Good Government, and the National League of Cities for a virtual briefing on how cities, towns, and villages can take advantage of direct pay programs and tax credit bonuses.

Online only

CAP Files Amicus Curiae Briefs Highlighting Importance of the Inflation Reduction Act in Lowering Drug Prices Article

CAP Files Amicus Curiae Briefs Highlighting Importance of the Inflation Reduction Act in Lowering Drug Prices

These briefs emphasize the benefits of the Inflation Reduction Act’s Medicare prescription drug price negotiation program for affordability and health equity.

Sophia Weaver, Marquisha Johns, Andrea Ducas, 3 More Jamie Crooks, Devon Ombres, Ben Olinsky

CAP Files Amicus Curiae Brief Highlighting Importance of the Inflation Reduction Act in Lowering Drug Prices Article

CAP Files Amicus Curiae Brief Highlighting Importance of the Inflation Reduction Act in Lowering Drug Prices

This brief, filed by the Center for American Progress and the NAACP in response to Boehringer Ingelheim Pharmaceuticals Inc. v. U.S. Department of Health and Human Services et al., emphasizes the benefits of the Inflation Reduction Act’s Medicare prescription drug price negotiation program for affordability and health equity.

Sophia Weaver, Marquisha Johns, Andrea Ducas

How Inflation Reduction Act Electric Vehicle Incentives Are Driving a U.S. Manufacturing Renaissance Report
Photo shows several cars lined up on both sides of a divider with EV chargers that display orange signs reading

How Inflation Reduction Act Electric Vehicle Incentives Are Driving a U.S. Manufacturing Renaissance

More than a dozen new incentives enacted through the Inflation Reduction Act, the Infrastructure Investment and Jobs Act, and the CHIPS and Science Act have sent investments in EV manufacturing skyrocketing, resulting in more than 84,000 announced jobs in just the first year of implementation.

Leo Banks

LNG Exports Raise Natural Gas Prices for Americans Article
Construction cranes stand silhouetted by the sunset at the Golden Pass LNG terminal.

LNG Exports Raise Natural Gas Prices for Americans

U.S. export terminals for liquified natural gas (LNG) are turning what was once a domestic energy source into an internationally traded commodity, exposing American households and businesses to higher natural gas prices set on a volatile global market.

Chris Martinez

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