
READOUT: Deputy Secretary Adeyemo Roundtable with Labor Leaders on the Inflation Reduction Act
11/23/2022
U.S. Department of the Treasury
Office of Public Affairs
Press Release: FOR IMMEDIATE RELEASE
November 23, 2022
Contact: Treasury Public Affairs; Press@Treasury.gov
READOUT: Deputy Secretary Adeyemo Roundtable with Labor Leaders on the Inflation Reduction Act
LOS ANGELES, CA – U.S. Deputy Secretary of the Treasury Wally Adeyemo participated in a roundtable discussion with labor leaders yesterday to discuss Treasury’s implementation of the strong worker provisions included in the Inflation Reduction Act and ways to help ensure workers benefit from the gains created by the transition to a clean energy economy. The roundtable was hosted by the Los Angeles/Orange Counties Building and Construction Trades Council and included leaders from IBEW, Ironworkers, Laborers, Plumbers, Roofers and Waterproofers, and Boilermakers unions.
The roundtable is part of a series of discussions the Treasury Department has been hosting as it solicits input from the public to inform its work implementing the Inflation Reduction Act. Nearly three quarters of the bill’s $369 billion climate change investment – $270 billion – is delivered via tax incentives, putting Treasury at the forefront of this landmark law.
In the meeting with labor leaders, Deputy Secretary Adeyemo discussed how the Inflation Reduction Act will help ensure that workers benefit from the clean energy economy they’re helping build, including through apprenticeship rules that will help expand the union labor force and prevailing wage rules that will help ensure workers receive fair pay.