Hartford Reporter

Washington, D.C. - On April 19, in the Ways and Means Committee, Rep. John B. Larson (CT-01) highlighted the jobs and progress for America’s green energy future created by the Inflation Reduction Act Democrats passed last year.  

 Larson asked, “Mr. Beachy, what is your estimate in terms of the jobs that the Inflation Reduction Act will create?”

“Sir, it’s not our estimate. We actually commissioned proper economic analysis from the Political Economy Research Institute at the University of Massachusetts. Their analysis shows that over the next decade, the climate and clean energy investments in this law would create over 9 million good jobs, and that is across sectors. I mentioned the 900,000 for manufacturing. There’re actually about 5 million jobs that would be created in clean energy thanks to the rapid expansion of clean energy deployment fueled by this bill. There are jobs to retrofit buildings to make them more energy efficient and healthier for residents. There are jobs to restore and protect our lands and build the resilience of our communities. There are jobs in agriculture for rural communities. The expanse of this bill reflects the fact that we have to restructure the economy to meet the challenges of climate jobs and injustice, and in so doing we’re creating over 9 million good jobs,” Ben Beachy, Vice President of Manufacturing and Industrial Policy, BlueGreen Alliance, replied.  

Issues: Economy Tax Policy

Original source can be found here.