US EditionWhat They Were Saying About The IRA
Summary by American Energy Alliance
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What They Were Saying About The IRA
The Republican controlled Congress is now considering a plan to fully repeal President Biden’s poorly named Inflation Reduction Act (IRA) of 2022. There are many reasons to fully repeal the IRA, however the “Green New Deal” elements are especially troubling. The IRA’s energy subsidies are projected to cost taxpayers between $936 billion and $1.97 trillion over the next decade, with potential liabilities reaching up to $4.7 trillion by 2050. This…
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