On Wednesday’s MSNBC broadcast of “The Andrea Mitchell Report,” Treasury Secretary Janet Yellen said President Joe Biden’s major plan to cut costs “dramatically improves access to clean energy in the United States.” “Creating incentives for people to work together” and “over time.” This helps reduce household utility costs. ”
host Andrea Mitchell asked.[H]Oh, I think you’re in Georgia today, getting the message out to people that the economy is getting better and getting even better, lowering food prices, lowering the prices that people feel at their kitchen tables. Can you do it? “
“So the president has suggested, and I certainly agree, that lowering the cost of living should be the top priority for the economy,” Yellen said. “And he’s proposed a variety of ways to do this. But one important way is to lower energy prices and make them less volatile. Now, if Putin invades Ukraine or there is a supply disruption in the Middle East, oil and We are seeing the cost of energy skyrocket to the detriment of Americans, and the Inflation Control Act is comprehensive legislation that creates incentives to dramatically improve the use of clean energy in the United States. Today is coming to Georgia to visit a company called Suniva that manufactures solar cells. And of course this is an important input into solar panels. We rely very heavily on China for the supply of these goods. In addition, Inflation Control Act incentives encouraged Suniva to restart its solar cell factory and manufacture solar cells in the United States. But over time, this will help households reduce their energy bills. But in addition to that, it will also make the supply chain more resilient. And, very importantly, this policy will generate very good jobs and It’s creating jobs, most of which don’t require a college education, and in areas of the country where there hasn’t been a lot of investment in recent decades.Andrea, this is about batteries, electricity. It’s happening all over the country in areas related to clean energy, like autos, wind, etc. But it’s happening around the country with the bipartisan bill passed two years ago, CHIPS and the Science Act, and of course the bipartisan Infrastructure Act. Something similar is happening in semiconductors as a result of a huge amount of work.”
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