The bill aims to tackle global warming by using billions of dollars in tax incentives to ramp up wind, solar, geothermal, battery and other clean energy industries over the next decade. Companies would receive financial incentives to keep open nuclear plants that might have closed, or to capture emissions from industrial facilities and bury them underground before they can warm the planet. Car buyers with incomes below a certain level would receive a $7,500 tax credit to purchase a new electric vehicle and $4,000 for a used one. Americans would receive rebates to install heat pumps and make their homes more energy-efficient.
I would like to know more details, most of all about how things actually happen (for instance can they succeed in keeping the nuclear plants open?). At the very least I will reiterate my oft-repeated claim that the age of policy gridlock has been dead for some while. (And Congress just passed the Chips and Science Act.) Here is the full NYT story. I do hope to cover the new bill more as details come out, but in terms of broad sweep most of the basic ideas already have been analyzed on MR.