A coalition of green energy groups and advocates announced Wednesday that they plan to meet with lawmakers on Capitol Hill to preserve tax credits for former President Joe Biden’s signature climate law as Republicans believe it swept Spend cuts. [emphasis, links added]
Representatives of these green groups will meet with members of Congress as part of the Protection of Green Energy Tax Reduction Act (IRA)according to the press release.
Republican lawmakers have gradually cut down on IRA spending cuts and dozens of federal initiatives to redistribute funds and align them with President Donald Trump’s agenda to implement extensive immigration enforcement, enhance reliable energy, and Americans cut taxes.
More than 100 meetings have been planned with legislators from both sides, held by members of the Solar Industry Association (SEIA), the Sustainable Energy Business Council and the National Hydropower Association.according to the press release.
Biden signed the IRA entry law on record inflation levels in August 2022, which he later claimed largely passed his climate agenda.
The bill provides substantial subsidies to other industries from renewable energy companies and electric vehicle manufacturers.
Trump previously called the IRA “Green new scam“And promised in September “All uninsured funds revoked under misnamed” ActThis is expected to cost U.S. taxpayers about $780 billion by 2031.
Biden-Harris administration has launched dozens of green energy programs during Biden's sole term as part of his landmark climate agenda, including the establishment of strict tailpipe emission standards in March 2024 and passed Provide various subsidies and incentives to lead the adoption of electric vehicles. .
Now, renewable energy companies want to convince lawmakers to maintain the Biden-era tax cuts. …
However, in a list of potential budget cuts, Republican members recently proposed the abolition of energy tax credits on the committee's way and means, noting that savings over 10 years could be $796 million.
Republicans criticize since Biden's IRA passincluding Republican Oklahoma Senator James Lankford, who said in 2022 The Climate Act “will not reduce the deficit, it will not reduce inflation, it will just increase taxes, it will increase significantly.”
.@SenatorLankford: The Lower Inflation Act “will not reduce deficits, it will not reduce inflation, it will only increase taxes, it will greatly increase spending.”
More: https://t.co/fgazm8f3gk pic.twitter.com/scv11b7bfp
– newsmax (@newsmax) August 4, 2022
“Look, at the end of the day, the IRA tax credit is unbearable,” “I think they need to leave,” Rep. Byron Donalds, a Republican Florida, said in September 2024. We have enough government subsidies to surface from this town and we don't need more. ”
Seven senators and 14 U.S. delegates also sent a letter to Senate Majority Leader John Thune and House Speaker Mike Johnson calling for the repeal of the “green tax credits” in December 2024 waived”. …
Transportation Secretary Sean Duffy signed a memorandum on January 28 to begin overturning the Biden-Harris administration’s strict standards for vehicle fuel economy.
Read the full post of the Daily Caller
