STATEMENT: President Biden’s Signing of Inflation Reduction Act is Crucial in Combating Nation’s Most Pressing Issues

Earlier this week, President Biden signed the Inflation Reduction Act into law. This landmark legislation allocates $740 billion toward investing in climate action, corporate tax reform, and healthcare. AAPI Victory Alliance released a statement commending the bipartisan legislative achievement. 

AAPI Victory Alliance Executive Director Varun Nikore issued the following statement: 

“President Biden’s signing of the Inflation Reduction Act is the first step in combating some of our nation’s most pressing issues. Not only will the IRA be investing in the future of energy and climate action, corporate tax reform, and healthcare, but it will be investing in the fate of future generations.

“After over a year in the making, our elected leaders were able to band together and pass this historic piece of legislation that will undoubtedly positively affect this country. While there is still more work to do to ensure the safety of those in our community facing the injustices and inequities of climate change, we look forward to seeing the impact the Inflation Reduction Act will have on American society.”

 ###