Special Briefing: The Inflation Reduction Act: Investment Opportunities and Challenges

The panelists discuss the impact of the Inflation Reduction Act on state and local budgets, focusing on the opportunities and challenges that are on the road ahead. Our panel of experts included Ben Beachy, vice president of manufacturing and industrial policy, BlueGreen Alliance; Sarah Gimont, associate legislative director for environment, energy and land use policy, National Association of Counties; Justin Marlowe, research professor, University of Chicago Harris School of Public Policy; and Richard Prisinzano, director of policy analysis, Penn Wharton Budget Model, the Wharton School, University of Pennsylvania. 

Notable Quotes:

 “This win-win approach to climate change that we see here is a rebirth of the US industrial policy.” - Ben Beachy

 "The funding provided in the law is really going to be beneficial for community and economic development, areas in which counties play a critical role." - Sarah Gimont

 "It creates all sorts of interesting and creative opportunities for states and localities and public utilities and pension plans and potentially even nonprofits foundations, other ways to get directly involved." - Justin Marlowe

 "Our modeling and analysis basically says it has no meaningful effect on inflation, either increasing or decreasing." - Richard Prisinzano 

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Special Briefing is published by the Volcker Alliance, as part of its Public Finance initiatives, and Penn IUR. 

The views expressed on this podcast are those of the panelists and do not necessarily reflect the position of the Volcker Alliance or Penn IUR.