Summary: In an audacious strategy, President Joe Biden has invited his Republican successor to attempt dismantling his signature clean-energy manufacturing law. During a Brookings Institution speech, he specifically questioned whether Trump would end a new electric battery plant in a GOP-supported district. With an objective to leave a resilient economic legacy post-pandemic, Biden is set on defending his transformative legislation, the 2022 Inflation Reduction Act.
Biden’s administration is working proactively to protect his considerable accomplishments and maneuver around upcoming Republican leadership. This is part of a time-honored Washington tradition where outgoing leaders make late policy revisions before the arrival of the rival party.
Biden ordered his team to channel as much financial support as possible from four large financial packages he navigated through Congress. He plans to highlight the Inflation Reduction Act benefit of a $2,000 cap for certain Medicare beneficiaries. He also intends to finalize rules to limit excessive banking fees and conceal so-called “junk fees” of businesses before leaving office.
Hoping to abolish key laws and policies of Biden’s presidency, Trump, assures to unravel these upon returning for a second term, once Republicans gain total Congressional control. However, Biden believes the jobs and projects created are so valued that Republicans will grapple with canceling them.
Biden’s administration focuses on protecting its milestone laws and selecting federal judges while creating last-minute federal norms. These are intended to promote Biden’s policy objectives of countering climate change, decreasing consumer fees, and cutting drug costs.
In foreign policy, Biden actively supports continued help for Ukraine amidst conflict with Russia and underlines the importance of US alliances with entities like NATO, disapproved by Trump.
Although Biden aims to secure his legacy against Trump’s actions, control over some aspects rests with the incoming administration. It’s up to Trump and his team whether to act on policy suggestions.
Editor: Sudiksha Kochi, Savannah Kuchar, and Reuters.
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