The Biden Miracle with Jay Turner

Why Is This Happening? The Chris Hayes Podcast

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News, Nbcnews, Why Is This Happening?, The Chris Hayes Podcast, Chris Hayes, Politics, Government, Society & Culture, Msnbc, Withpod

4.6 • 8.9K Ratings

🗓️ 3 September 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

During this year’s DNC, President Biden reflected on numerous accomplishments and discussed his track record. One of the signature pieces of legislation of the Biden presidency, and of Democrats in this era, is the Inflation Reduction Act, also known as the IRA. This August marked the 2-year anniversary of the landmark federal law. Our guest this week teamed up with his students to track the cumulative effects of the implementation of the IRA. Jay Turner is the Wiliam R. Kenan, Jr. Professor of Environmental Studies at Wellesley College. He’s also a historian, author on U.S. environmental politics and wrote “Charged: A History of Batteries and Lessons for a Clean Energy Future.” He joins WITHpod to discuss progress made, developments in batteries and electric energy sources, possible paths forward to reach ambitious goals and more.

Transcript

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0:00.0	If Trump is elected, we will see more projects be put on pause, investment is going to go away.
0:11.0	You know, companies are going to get scared off. I also think, you know, once the election takes place and if Harris comes into office, we'll likely see another surge of investment as kind of there's more regulatory certainty about what's going to go forward.
0:23.2	But I mean, for sure, right, Republican districts have a lot to lose if the
0:27.0	inflation reduction act gets rolled back. And I think, you know, it would be unclear
0:31.9	if that would happen even if Trump came into office.
0:34.6	This is a law, you know, they would have to be very clever about how they move the legislation
0:39.0	through Congress perhaps in other rescissions act unless they held a majority in both houses and the White House.
0:44.5	So I think it's going to be hard to undo the Inflation Reduction Act.
0:47.7	Hello and welcome to why is this happening with me your host Chris Hayes.
0:57.0	Well we are in the final stretch of the election here and at the DNC President Joe Biden, who is of course not the nominee, gave a speech on the first night of the convention, which he went through his record, and he spent a considerable amount of time on what I think is the signature piece of legislation of both the Biden presidency and I think of Democrats in this era it's I think the most significant piece of
1:23.6	legislation since the Affordable Care Act signed under President Barack
1:27.7	Obama in 2010 and I think may prove to be among the most important pieces of legislation
1:36.4	ever signed by a president.
1:38.4	I think it still has a possibility to be that.
1:40.8	And the reason it has a possibility to be that is there's a lot of different things in that
1:44.4	legislation. But as we just pass the two-year anniversary of it,
1:48.4	the most significant part of that legislation of the hundreds of billions of
1:52.2	dollars of incentives to
1:55.0	invest in and to buy clean energy. So it's got incentives for people that are creating
2:00.6	carbon-free energy and for consumers that are purchasing it and businesses that are purchasing it.
2:05.2	And those incentives have no limit to them in the bill. There's no amount of money set aside.
2:11.2	They just go out the door as the tax credits are used, which means
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