#shorts On 10/15/2022, President Joe Biden delivered remarks on ‘lowering costs for Americans families’ at the East Portland Community Center in Oregon. Biden arrived to Portland, Oregon after a brief stop in Southern California. Biden said his Green New Deal repackaged as the ‘Inflation Reduction Act’ will help middle class families afford to buy energy efficient coffee machines. Biden on his plan to lower inflation: if you buy “an efficient coffee machine, you get a tax credit for it.”

“it lowers their cost of a family on inflation — for their family, it’s reduced. It goes on. The same way what’s in the Inflation Reduction Act has to do with your ability to be able to get tax credits for buying — if you need a new coffee machine, a new washer, a new refrigerator, and you buy an efficient refrigerator, efficient coffee machine, you get a tax credit for it. It costs you less money.”