Gov. Michelle Lujan Grisham Discusses President Biden's Visit and Inflation Reduction Act Impact

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Summary:



In a one-on-one interview with Action 7 News, Gov. Michelle Lujan Grisham shared insights on President Biden's visit to New Mexico and the implications of the Inflation Reduction Act.


The President's Focus on Nonpartisan Economic Agenda

Governor Lujan Grisham highlighted the nonpartisan economic agenda that President Biden is advancing. She emphasized his choice to visit a rural, small community and county rather than making politically biased decisions. The Inflation Reduction Act takes center stage in this agenda, with three main areas of focus: clean energy, healthcare cost reform, and corporate taxation.

Impacts on New Mexico's Economy

The governor detailed how the Inflation Reduction Act is set to inject an estimated $15 billion into the state's economy. The act offers tax credits to individuals and businesses that aim to reduce their energy consumption, promoting a shift towards cleaner energy sources.

New Mexico's Energy Transformation

Discussing the act's significance for New Mexico's energy landscape, Governor Lujan Grisham underscored its substantial investments in renewable energy and climate change initiatives, including efforts in solar, wind, and geothermal energy. She expressed optimism about the state's potential to become a hydrogen energy hub.

Long-Term Opportunity and Investment

The governor emphasized that President Biden's visit and the Inflation Reduction Act mark the beginning of a long-term opportunity for New Mexico. She highlighted the substantial investments from the Infrastructure Law and the Inflation Reduction Act, suggesting that this is just the start of a continued influx of funding.

Other Topics Discussed

During the interview, the governor also addressed topics such as the Child, Youth, and Families Department (CYFD), her efforts to promote electric vehicles, and concerns about crime in the state.

Upcoming Coverage

Action 7 News will be airing additional segments of the interview with Governor Lujan Grisham, covering her insights on CYFD, electric vehicles, and crime, during their broadcasts at 4, 5, and 6 PM.


With the Inflation Reduction Act already in effect since January 2022, New Mexico anticipates a transformative era of economic growth and energy innovation under President Biden's sustained investment.

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