Budget Details Vision to Protect Progress, Lower Costs, Protect and Strengthen Social Security and Medicare, Invest in America and the American People, and Reduce the Deficit From Day One of this Administration, President Biden has tackled challenges head-on while delivering long-lasting results. Over the past three years, he has overseen a strong economic recovery, amassed…
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FACT SHEET: The President’s Budget for Fiscal Year 2025
Budget Details Vision to Protect Progress, Lower Costs, Protect and Strengthen Social Security and Medicare, Invest in America and the American People, and Reduce the Deficit From Day One of this Administration, President Biden has tackled challenges head-on while delivering long-lasting results. Over the past three years, he has overseen a strong economic recovery, amassed…
FACT SHEET: White House Calls on Congress to Support Critical Domestic Needs
The Biden-Harris Administration is delivering on its promises – lowering costs for families, protecting American lives from the devastating impacts of challenges like the climate crisis and the opioid epidemic, and ensuring America can compete to win in the global marketplace. At the same time, additional resources are needed to meet the needs of the…
Treasury Releases New Guidance on Solar, Wind Investments to Power Low-Income Communities
Today, as part of the Biden-Harris Administration’s Investing in America Agenda, the Department of the Treasury (Treasury) and Internal Revenue Service (IRS), in partnership with the Department of Energy (DOE), released a Notice of Proposed Rulemaking (NPRM) for the Low-Income Communities Bonus Credit Program. This allocated credit program is designed to provide up to a…
STATE FACT SHEETS: House Republicans’ Funding Bills Would Have Devastating Impacts for Hard-Working Families Across America
House Republicans’ bills would raise a host of costs for families, hurt students, seniors, and rural communities, slash support for law enforcement, and undermine our economy— while Congressional Republicans fight separately for multi-millionaires and big corporations to get massive tax cuts Earlier this year, the President and Congressional leaders reached a bipartisan budget agreement that…
FACT SHEET: Biden-Harris Administration Takes Action to Protect Communities from Extreme Heat Fueled by the Climate Crisis
New measures will protect communities from extreme heat Millions of Americans are being impacted by extreme heat waves, which are growing in intensity, frequency, and duration due to climate change. In June, heat waves broke records across the country. Puerto Rico experienced its hottest month in more than 120 years, and Texas recorded its top…
Treasury Issues Initial Guidance to Turbocharge Solar, Wind Investments in Low-Income Communities
Today, the Department of the Treasury (Treasury) and Internal Revenue Services (IRS), in partnership with the Department of Energy (DOE), released initial guidance on the Low-Income Communities Bonus Credit Program, the most significant tax incentive in U.S. history to promote investment in solar and wind facilities in low-income communities, on Indian Land, and as part…
Remarks by President Biden to Commemorate Earth Day | Triangle, VA
Prince William Forest ParkTriangle, Virginia 2:54 P.M. EDT THE PRESIDENT: Hello, hello, hello. (Applause.) Thank you, Za’Nyia, for sharing your story that embodies the spirit of Earth Day. On this day 54 years ago, with literally toxic rivers burning, air filled with pollution, millions of Americans from every age and background rallied together to stand…
Neera Tanden Remarks at Democracy Journal Conference
As Prepared For Delivery: Thank you so much, Michael [Tomasky], for the introduction. Good afternoon, everyone. I’m really honored to help round out this important conference. It feels a bit eerie that this conference is about “Making Middle-Out Economics the New Mainstream.” Because, in summer 2013, I wrote an article for Democracy Journal—an issue called…
An Update on Non-Housing Services Inflation
In a recent blogpost reviewing the latest CPI report, the CEA showed how one significant component of inflation, core services excluding housing (also known as “non-housing services,” or NHS), had recently accelerated. Given the broad decline in inflation—down about two-thirds from its peak in mid-2022—we wanted to take a closer look at what’s driving this…
