Natalie Quillian Assistant to the President and Chief of Staff
During President Biden's first two years in office, he worked with Congressional Democrats to pass historic legislation that is the cornerstone of the U.S. investment policy, a key pillar of Bidennomics. The American Rescue Plan, the Bipartisan Infrastructure Act, the CHIPS and Science Act, and the Control Inflation Act will reduce costs, create good-wage jobs, revitalize American manufacturing, and empower workers. It's changing lives across America. This year, the President and the entire Biden-Harris Administration have worked every day to quickly and effectively implement these laws and invest in communities that have been far too marginalized. And we're showing Americans how President Biden's policies are benefiting our communities. We have sent Cabinet and administration officials to more than 40 states through four Investing in America tours and held hundreds of events to highlight the impact of the president's policies. And we launched a new website — investment government — A place where Americans can learn how President Biden's actions are impacting their communities.
There is still work to be done, but there are many indicators of progress this year. Here are 10 of our favorites.
Top 10 investments in America in 2023
1. Save 15 million Americans $800 on health insurance coverage in 2023, cap Medicare insulin for seniors at $35, start negotiating prices for 10 drugs, and make Medicare and made recommended vaccines free for Medicaid beneficiaries and implemented four quarters of an inflation rebate provision. The Inflation Control Act has allowed some seniors to save hundreds of dollars per dose of medication. This is all thanks to the Inflation Control Act.
2. Investments spurred by the Inflation Control Act have created more than 210,000 new clean energy jobs since August 2022 and 252,000 construction jobs in 2023.
3. Private sector investment mobilized nearly $180 billion in 2023, bringing total private sector investment in clean energy and manufacturing since President Biden took office to $628 billion. A recent study by the Treasury Department found that 81% of investments in clean energy projects announced since the Anti-Inflation Act was passed are in counties with below-average wages.
4. Investment in manufacturing construction in the United States far exceeded expectations and expectations, likely mobilized by the President's investment policies in the United States, such as the Bipartisan Infrastructure Act, the CHIPS and Science Act, and the Control Inflation Act. This is likely driven by new projects and investments.
The Anti-Inflation Act, which spurred significant investment in clean power generation, also prompted forecasters to raise their estimates for U.S. clean power generation.
5. The first CHIPS award nomination has been announced for BAE Systems, Inc. of New Hampshire. This signals a new phase in his CHIPS implementation that will continue to stimulate investment, strengthen U.S. supply chains, protect national security, and create jobs.
6. More than 33,000 infrastructure projects announced under bipartisan infrastructure legislation in 2023 alone. This includes $30 billion for world-class rail, seven regional clean hydrogen hubs, projects to replace hundreds of thousands of lead pipes, and more than 60 projects to improve the power grid. Since the bipartisan Infrastructure Act was passed, the total number of projects announced has exceeded 40,000.
7. Workers in all industries, especially union members, won historic wage increases. Those include his 30% raise for his UAW workers at the Big Three, his up to 55% raise for Teamsters workers at UPS, his 32% raise for culinary workers in Las Vegas, and more. , Kaiser Permanente healthcare workers received a 21% raise.
8. The White House launched five workforce hubs across the country to create pipelines to high-quality jobs in areas where investment in America policies attract a high concentration of public and private investment. The first lady visited workforce hubs across the country to help build new workforce pipelines, including efforts to train tens of thousands of workers in the construction industry and a new semiconductor manufacturing certification program, including efforts to train employers, community colleges, and others. He highlighted the investment secured from , trade unions and local leaders. , and new and expanded registered apprenticeship programs.
9. Launched America's Climate Corps to mobilize a new and diverse generation of clean energy, conservation, and resiliency workers. In just a few weeks since launching the initiative, it has seen interest from over 40,000 people, the majority of whom are under his age of 35.
10. 7 million households will enroll in the Affordable Connectivity Program in 2023, bringing the total number of households enrolled in the program to more than 22 million, saving families $30 to $75 per month on their internet bills last year.
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