Biden has announced more than $13 billion in new funds to help lower energy costs for low- and middle-income families, including helping with heating bills and unpaid utility bills this winter, with less than a week until the midterms.
The measures being taken are expected to be announced today by Vice President Kamala Harris as she attends a union hall and training facility in Boston.
Energy bills will soar this year with inflation still at record highs and gas prices still higher than when Biden took office.
Heating oil bills are also expected to be 27 percent higher and electricity 10 percent higher.
Harris will announce $4.5 billion in aid from the US Department of Health and Human Services and $9 billion under the Inflation Reduction Act.
Critics were enthusiastic about the decision, saying Biden should focus on developing energy in the US rather than spending taxpayers’ money.
David Williams of the Taxpayers Protection Alliance told DailyMail.com: “Once again, the Biden administration has it all wrong. Instead of spending taxpayers’ money to lower energy costs, they should encourage more energy development, which costs taxpayers nothing and leads to more economic growth.
“The government is so obsessed with spending money on green energy that it won’t do anything to help lower-income people as winter and cold weather approach.
“This is an election year gimmick that, frankly, wouldn’t have happened if the administration wasn’t so hostile to US energy development.
“If Biden goes further with this, there is absolutely no reason to usurp more money, as there are hundreds of billions of unspent taxpayers’ money in COVID relief funds.
According to a statement from the White House, the US Department of Health and Human Services is providing $4.5 billion in aid. This is to help reduce heating costs under the Low-Income Energy Assistance Program (LIHEAP), which helped 5.3 million households with heating, cooling and weathering in the past year
Electricity prices have risen sharply in the US, reaching a record high of $0.166 per kWh in July
“Finally, if the government manages to pass their windfall tax on to oil companies, it will have even less impact because of higher energy prices when companies take the new tax into account.”
The U.S. Department of Health and Human Services will help reduce heating costs under its Low-Income Energy Assistance Program (LIHEAP), which has helped 5.3 million homes with heating, cooling and weathering over the past year.
The White House added, “In addition to covering home heating costs this winter and unpaid utility bills, the program will help families perform cost-effective home energy repairs to lower their heating and cooling bills.”
Also, under the new plans, $9 billion will be allocated to funding from the Inflation Reduction Act.
The measure will support up to 1.6 million households and allow them to upgrade their homes and reduce energy bills.
There are expected to be two separate sets of rebates to help households with energy costs.
One is for whole-home energy efficiency retrofits and the other for high-efficiency and electrical home appliances.
The moves are expected to be announced today by Vice President Kamala Harris as she attends a union hall and training facility in Boston.
The White House added: “In addition to reducing costs, energy-efficient and electrical upgrades to buildings and appliances can reduce indoor and outdoor air pollution, improving health in our communities.
“In addition, they will reduce millions of tons of greenhouse gas emissions annually to combat climate change.”
Data from the US Energy Information Administration recently showed that nearly half of households rely on natural gas for heating.
It also found that bills could rise 28 percent this winter compared to last winter.
According to the National Energy Assistance Directors Association, energy costs in the US are set to rise to their highest price in more than a decade this winter.
US households now owe $16 billion in late energy bills, double the pre-pandemic total
The new measures expected to be announced to help Americans come days after Biden claimed the US was not experiencing record inflation.
Already lied about Because gas prices were lower compared to when he took office, he was asked by a reporter about the 8.2 percent inflation America is currently facing.
The News Nation reporter asked, “You called the midterm elections a choice rather than a referendum. Given record inflation, why should voters choose Democrats?’
Biden replied, “Since it’s not record inflation anymore, I’m bringing it down. Look what we inherited.’
While inflation has fallen slightly from a 40-year high of 9.1 percent in June, the 8.2 percent is still higher than at any point in the previous four decades.
President Joe Biden twisted the truth during an interview last Thursday, in which he claimed the United States was not experiencing record inflation.
While inflation has fallen slightly from a 40-year high in June of 9.1 percent, the 8.2 percent is still higher than at any point in the previous four decades.
Biden got slightly good news last week when it was announced that the country’s GDP grew 2.6 percent in the third quarter of 2022, the first time it grew since the fourth quarter of 2021.
It all comes with voters who will elect a new Congress and much of the Senate within days.
Voters told a Suffolk University/USA Today poll that inflation and the economy are the top issues facing them in the polls, with 36.7 percent preferring abortion, which Congress controls, immigration and crime.
Biden got slightly good news last month when it was announced that the country’s GDP grew 2.6 percent in the third quarter of 2022, the first time it grew since the fourth quarter of 2021.
“We’re down $1.25 since the peak this summer, and they’ve gone down over the past three weeks as well, adding up some real savings for families today,” Biden said.
“The most common gas price in America is $3.39 lower than over $5 when I took office,” he continued.
The average price of a gallon of gasoline on the AAA site was $3.76 last Thursday. When he took office, it averaged $2.39 — or about half of what he said it was then — according to the Energy Information Institute.
Prices rose from the spring of 2020 after the pandemic eased before Biden took office, due to Russia’s invasion of Ukraine in February, and peaked in July — causing political headaches for Biden and Democrats.
He also accused Shell Oil of abusing its record profits announced last Thursday. The company previously said its third-quarter profit was nearly $9.45 billion. Biden accuses oil companies and refiners of not passing on savings to consumers.
Biden made the comments during a trip to Syracuse, New York, where he studied law and met his first wife, Nelia Hunter. Many relatives were present. It came as the Democrats struggled to maintain control of Congress.
His party is facing headwinds, even in blue states like New York, and Biden tore Donald Trump on the economy amid criticism that Democrats placed too much emphasis on abortion issues after the Supreme Court overturned Roe v. Wade.
“The previous president made a series of broken promises in places like Wisconsin, Indiana and Ohio,” Biden said. ‘On my watch we have fulfilled our agreements. On my watch, made in America isn’t just a slogan, it’s reality.’
“My predecessor was the first president since Herbert Hoover, no joke, who lost jobs throughout his administration,” he said. That reference included the 2.9 million jobs lost, with the pandemic wiping out previous job gains.
Biden praised Micron Technology Inc.’s plans. to invest up to $100 billion in computer chip production, praising the Chips & Science Act. One of the key authors, Majority Leader Senator Charles Schumer, was in attendance, as was Senator Kyrsten Gillibrand (DN.Y.).
Previously, Biden attended Onondaga Community College and toured Micron Pavilion, along with Micron President and CEO Sanjay Mehrotra, and Central & Northern New York Trades Council President Greg Lancette.
Looking at a replica of the future Micron semiconductor facility,” Biden quipped, “It’s good it’s coming home because we invented the suckers,” laughing Senator Kyrsten Gillibrand.”