President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol. The proposal directs $550 billion of Democrats’ $1.75 trillion Build Back Better Act toward the nation’s buildout of zero-carbon electricity, electric vehicles and pollution cleanups. A new analysis by the Rhodium Group, a consultancy firm, found that the mix of funding and executive branch actions could, technically, deliver the emissions cuts Biden promised. (New modeling from independent consultancies that includes the beefed-up spending on tax credits and other climate provisions is expected in the coming days). And if Biden, already the oldest person to assume the presidency, is defeated in 2024, the next administration could reverse the regulatory and executive actions almost as easily as the current White House enacted them.

Source: Huffington Post October 29, 2021 02:29 UTC