A White House official said the Biden administration plans to provide around $13 billion in aid to households to lower energy costs, prompting critics to denounce the measure as an “election year gimmick” and that the real fix would be to adopt policies that boost domestic energy production.
Vice President Kamala Harris plans to announce the newest initiative while visiting a union hall and training facility in Boston later on Nov. 2, an administration official told reporters during a call on Tuesday.
The initiative includes $4.5 billion in new resources under the Low-Income Home Energy Assistance Program (LIHEAP) to help lower heating costs for families this winter, according to a White House fact sheet. Part of the funds will be for covering heating costs and some will be for making home energy repairs to lower heating and cooling bills.
Another $9 billion in new rebate program funding will come from the Inflation Reduction Act. The money will be used for upgrading homes to lower energy bills, including by installing half a million heat pumps and retrofitting homes with better insulation.
‘Election Year Gimmick’
Proponents of the new initiative said the measures would lower energy bills for American families, while opponents have criticized them as increasing government dependency and trying to buy votes ahead of the midterms.“Instead of spending taxpayer money to bring down energy costs, they should be encouraging more energy development, which costs taxpayers nothing and spurs more economic growth,” he said.
Williams called the move an “election year gimmick that quite frankly didn’t have to happen if the administration wasn’t so hostile to American energy development.”
Echoing Williams’s view that the measure is a ploy to win over voters ahead of the midterm election was Will Hild, executive director of Consumers’ Research, who in remarks to the Daily Mail called it a “short-term gimmick” meant to “distract from the myriad ways their policies are increasing costs for consumers from the gas pump to the grocery store and everywhere in between.”
‘Taking Action to Lower Energy Costs’
Secretary of Energy Jennifer Granholm praised the new initiative in a statement, saying it’s another way the Biden administration and the Department of Energy are “working together to cut costs for families and businesses.”“It means states and tribes will have greater resources to meet people’s needs and move us even faster down the path to a net-zero emissions economy,” Granholm said.
Sen. Marco Rubio (R-Fla.) reacted to Biden’s “MAGA trickle down” economics comments by arguing it’s the president’s policies that are “crashing our economy.”