Congress has the opportunity to fulfill Donald Trump's promise “End the New Scam to Green”, also known as subsidies for the Inflation Reduction Act. [emphasis, links added]
This will:
- Save us trillions of dollars
- Lower cost of living
- Create effective work
- Reduce corruption
Tell your representative Ending all IRA subsidy!
“I will terminate the new scam in green [IRA]transparent – President Trump
“End all government subsidies, including subsidies for electric vehicles, oil and gas” – Elon Musk
The IRA (also known as “Green New Scam”) has eight key subsidies.
Each subsidy 1) increases debt, 2) increases cost of living, 3) prevents production operations and job creation, and 4) increases corruption.
But everyone also has lobbyists who mistakenly claim that they are good for the United States.
IRA subsidies increase debt by trillions
Reliable estimates The IRA will cost more than $1 trillion in budgets over the next few decades, and then add trillions of dollars.
Doge, please note: These trillions can be cut, which will not cost the American people, but will benefit them greatly!
IRA subsidies increase cost of living
Higher federal debt means the government needs more borrowing, which brings interest rates to everyone, which means more expensive homes and cars.
Termination of the IRA will make homes and cars cheaper.
IRA prevents production business and job creation
The IRA will allocate $3 trillion to non-competitive businesses, otherwise it will invest in real production businesses.
Termination of the IRA will create new, lasting business and work.
IRA subsidies cause corruption
By subsidizing all forms of energy, including oil and gas, never before, The IRA converts much of the industry’s focus from creating cheap, reliable energy to lobbying for more subsidies.
Terminating the IRA will make the energy great again.
IRA subsidies are destroying our power grid
While all IRA subsidies need to be done, the worst is “clean electricity”, which is Pay reliable natural gas/coal-fired power plants to the power market and provide funding for intermittent solar/wind.
Terminating the IRA will make electricity cheaper and more reliable.
Myth: IRA subsidies benefit subsidies from many states and territories, especially Republicans, by subsidizing businesses and jobs.
the truth: The IRA is creating a small amount of unsustainable work – although with inflation, reduced economic opportunities and decreased grid damage every American!
Lobbyists seeking subsidies to businesses are putting pressure on politicians, especially Republicans Termination of the IRA will result in catastrophic losses in investment in businesses and job opportunities.
but The IRA has not created new investments yet, and it has shifted its investments to non-competitive businesses and jobs.
According to data cited by DOE, IRA created up to 142,000 jobs in 2023. For comparison, according to the Bureau of Labor Statistics, 2023 The entire U.S. economy creates 2.6 million jobs.
Most or all of the meager 142,000 jobs that IRA creates in 2023 may be created in other more productive businesses. anyway, IRA subsidy work has made us rich.
For example, We pay $20-7 million to work on electric vehicles each, which costs less than the national average!
Misunderstanding: The cancellation of IRA subsidies will create harmful instability by providing financial support for certain unpredictable projects.
the truth: We want instability in subsidized projects so that companies invest in real value creation and avoid seeking subsidies.
Lobbyists who want to keep IRA subsidies at the expense of the country say we should “use scalpels” to cut other subsidies, not theirs.
but Good surgeons use scalpels to cut out the entire cancer, and that's what we need to do with IRA.
Read more at Energy Talk Point
