PRESS RELEASE: STATEMENT: BIDEN TAKES EXECUTIVE ACTION TO INVEST IN CLEAN ENERGY AND DOMESTIC MANUFACTURING

FOR IMMEDIATE RELEASE 
June 6, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

STATEMENT: BIDEN TAKES EXECUTIVE ACTION TO INVEST IN CLEAN ENERGY AND DOMESTIC MANUFACTURING

Thanks to Biden, U.S. Will Triple Domestic Solar Manufacturing by 2024

WASHINGTON, D.C. — President Biden will use executive action today to boost the supply of solar technology in the United States, kickstarting several clean energy projects.

By executive action, President Biden will use the Defense Production Act to accelerate domestic production of clean energy technology, use federal procurement to spur additional solar manufacturing capacity, and ensure a steady supply of clean energy technology until American manufacturing reaches its full potential.

Read the White House fact sheet here

Invest in America’s senior adviser Zac Petkanas issued the following statement:

“President Biden’s executive action puts the United States firmly on the path to being a solar and renewable energy powerhouse. Not only is clean energy crucial to addressing climate change, these actions will boost domestic manufacturing and lower energy costs for American families.

“America is on track to triple domestic solar manufacturing by 2024 and that is fantastic progress thanks to President Biden.”

President Biden’s agenda will lower costs for working families.

  • It will lower child care costs — which cost parents $30-35 billion in income before the pandemic. Access to affordable child care could increase the lifetime earnings for women with children by nearly $100,000.

  • It will lower the cost of long term care, expanding access to affordable home care to hundreds of thousands of Americans.

  • It will lower energy costs, saving the average American family $500 per year by investing in clean energy.

  • It will lower health care costs and premiums for those buying coverage through the ACA by extending the American Rescue Plan’s cost saving premium tax credits; adding hearing coverage to Medicare; and closing the Medicaid gap for low-income Americans.

  • It will lower prescription drug costs for Americans by letting Medicare negotiate drug prices, so consumers are no longer at the whim of pharmaceutical companies.

  • It will lower taxes for low-and-moderate-income workers by extending the American Rescue Plan’s Earned Income Tax Credit to millions.

  • It will lower education costs by expanding Pell grants and making universal preschool a reality.

  • It will lower housing costs by creating more than one million new affordable homes in rural and urban areas.

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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