{"id":2417773,"date":"2025-03-30T22:03:04","date_gmt":"2025-03-31T02:03:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-time-to-deflate-the-inflation-reduction-act-look-how-much-its-costing-you\/"},"modified":"2025-03-30T22:05:34","modified_gmt":"2025-03-31T02:05:34","slug":"its-time-to-deflate-the-inflation-reduction-act-look-how-much-its-costing-you","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-time-to-deflate-the-inflation-reduction-act-look-how-much-its-costing-you\/","title":{"rendered":"It\u2019s Time to Deflate the Inflation Reduction Act: Look How Much It&#8217;s Costing You"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fits-time-to-deflate-the-inflation-reduction-act-look-how-much-its-costing-you%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2417773&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article critiques the Inflation Reduction Act (IRA), describing it as misleadingly named and not genuinely aimed at reducing inflation. Enacted with party-line support, it is indeed characterized as a considerable funding initiative for &#8220;green&#8221; energy projects, financed through deficit spending. The author argues that the vast majority of the bill&#8217;s funds are allocated as subsidies and tax credits for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/outdated-solar-panels-wind-turbines-electric-car-batteries-will-clog-landfills-with-hazardous-waste-according-to-new-report\/\" title=\"Outdated Solar Panels, Wind Turbines, Electric Car Batteries Will Clog Landfills With Hazardous Waste According To New Report\">renewable energy sources<\/a> like wind and solar power, and also electric vehicle purchases.<\/p>\n<p>The article points out that while the Biden administration claims the cost of the IRA is approximately $369 billion, various analyses suggest the true costs could be considerably higher, ranging from $1.1 trillion to as much as $4.67 trillion over a decade or more. The funding is not only directed toward green initiatives but also to organizations linked to Democratic politicians. Furthermore, a notable portion of these investments are funneled into Republican-controlled districts, prompting some Republican lawmakers to support the IRA to protect local jobs and investments, complicating repeal efforts.<\/p>\n<p>The piece emphasizes that without a concerted effort from Republican leaders to repeal the IRA, it is likely to remain entrenched in american legislation, despite its controversial nature and the meaningful financial implications it presents.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p style=\"font-weight: 400;\">The Inflation Reduction Act (IRA) is one of the more deceitfully named pieces of legislation ever to come out of Washington. That&rsquo;s really saying something, considering that coming up with bull manure titles for congressional bills for PR purposes and to smooth their path toward passage is something of a DC parlor game of longstanding tradition.<\/p>\n<p style=\"font-weight: 400;\">Of course, once it was enacted into law on a party-line vote, Democrats were free to take off the mask and tell us all what we already knew: The Inflation Reduction Act was not a bill aimed at curbing inflation at all.&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20230810193446\/https:\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/08\/09\/remarks-by-president-biden-at-a-campaign-reception-albuquerque-nm\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/web.archive.org\/web\/20230810193446\/https:\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/08\/09\/remarks-by-president-biden-at-a-campaign-reception-albuquerque-nm\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw1zlqrlzam4ifLY_sZ8YNAy\">Joe Biden himself&nbsp;<em>literally&nbsp;<\/em>said so.<\/a><\/p>\n<p style=\"font-weight: 400;\">So, what was the true purpose of the IRA?<\/p>\n<p style=\"font-weight: 400;\">Simply, it was to create an enormous &ldquo;green&rdquo; energy slush fund, paid for by deficit spending. The lion&rsquo;s  of that spending comes in the form of subsidies and tax credits to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kerry-lobbying-against-legislation-to-ban-import-of-chinese-goods-produced-by-slave-labor\/\" title=\"Kerry Lobbying Against Legislation To Ban Import of Chinese Goods Produced by Slave Labor\">green energy sources<\/a> such as wind and solar power, battery storage, and electric vehicle (EV) purchases.<\/p>\n<p style=\"font-weight: 400;\"><a href=\"https:\/\/www.westernjournal.com\/humiliation-kamala-harris-biden-admits-inflation-reduction-act-name-mistake\/\" target=\"_blank\" rel=\"noopener\">The IRA<\/a> also directs substantial funding and subsidies for &ldquo;environmental justice&rdquo; initiatives and green lobbying groups, many of which are sketchy, newly formed, <a href=\"https:\/\/amzn.to\/3YuVZYV\">beak-wetting entities founded<\/a> and staffed by Democrat politicos, such as the&nbsp;<a href=\"https:\/\/powerforwardcommunities.org\/press-release\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/powerforwardcommunities.org\/press-release&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw0gEkWkXe6gGoRfrhTF7uyc\">$2 billion<\/a>&nbsp;given to&nbsp;<a href=\"https:\/\/powerforwardcommunities.org\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/powerforwardcommunities.org\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2bmBoDSAYwOBIKVRNmw4RO\">Power Forward Communities,<\/a>&nbsp;an organization formed in 2023 and with only a hundred bucks in reported revenue at the time of its 10-figure award.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p style=\"font-weight: 400;\">The group is led by Timothy J. Mayopoulos, who ran Fannie Mae for six years during the Obama administration. One of its directors is Shaun Donovan, an eight-year Obama veteran, including a stint as secretary of Housing and Urban Development.<\/p>\n<p style=\"font-weight: 400;\">That award was only&nbsp;<a href=\"https:\/\/coalitionforgreencapital.com\/cgc-receives-5-1b-as-epa-obligates-greenhouse-gas-reduction-funding-to-launch-first-us-national-green-bank\/#:~:text=With%20its%20%245%20billion%20award,benefiting%20every%20low%2Dincome%20and\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/coalitionforgreencapital.com\/cgc-receives-5-1b-as-epa-obligates-greenhouse-gas-reduction-funding-to-launch-first-us-national-green-bank\/%23:~:text%3DWith%2520its%2520%25245%2520billion%2520award,benefiting%2520every%2520low%252Dincome%2520and&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2C_lHhj7MVJqJ8LTdFtQQS\">40 percent as much<\/a>&nbsp;as was gifted to the&nbsp;<a href=\"https:\/\/coalitionforgreencapital.com\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/coalitionforgreencapital.com\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2GZFDKkvpUYcmBx7ZFzgXA\">Coalition for Green Capital<\/a>&nbsp;(they must have had $250 in total revenue to be able to swing that kind of money), whose board members at the time included Hugh Frater, another <a href=\"https:\/\/www.westernjournal.com\/obama-judge-blocked-receiving-deportation-info-lacks-competence-address-national-security\/\" target=\"_blank\" rel=\"noopener\">Obama<\/a> head of Fannie Mae, and Cecilia Martinez, Biden&rsquo;s Senior Director for Environmental Justice at the White House Council on Environmental Quality.<\/p>\n<p style=\"font-weight: 400;\">As The Heartland Institute points out in a new policy study,&nbsp;<a href=\"https:\/\/heartland.org\/wp-content\/uploads\/2025\/03\/Mar-25-IRA.pdf\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/heartland.org\/wp-content\/uploads\/2025\/03\/Mar-25-IRA.pdf&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw33u7iGvI3HgNsGngvgub6r\"><em>The High Costs of Climate Scams: Assessing the Green Giveaways in the Inflation Reduction Act<\/em>,<\/a>&nbsp;the true cost of these and all the other open-ended subsidies tucked away in the IRA is hard to quantify, but they are also certainly an order of magnitude higher than the $369 billion the Biden administration claimed.<\/p>\n<p style=\"font-weight: 400;\">Goldman Sachs pegged the actual cost at&nbsp;<a href=\"https:\/\/www.goldmansachs.com\/insights\/articles\/the-us-is-poised-for-an-energy-revolution\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.goldmansachs.com\/insights\/articles\/the-us-is-poised-for-an-energy-revolution&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2nhSBD6Ch7qjbDysgL12nl\">$1.2 trillion through 2032<\/a>.<\/p>\n<p style=\"font-weight: 400;\">Credit Suisse thought it was approximately $1.7 trillion before they disappeared the study. The left-wing Brooking Institution estimated <a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2023\/03\/BPEA_Spring2023_Bistline-et-al_unembargoedUpdated.pdf\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.brookings.edu\/wp-content\/uploads\/2023\/03\/BPEA_Spring2023_Bistline-et-al_unembargoedUpdated.pdf&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw0uRZMvIxp0VnIbRkNaXzem\">$1.2 trillion through 2031.<\/a>&nbsp;The Committee for a Responsible Federal Budget went with&nbsp;<a href=\"https:\/\/www.crfb.org\/blogs\/ira-energy-provisions-cost-could-double-new-emissions-rule\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.crfb.org\/blogs\/ira-energy-provisions-cost-could-double-new-emissions-rule&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw3EwplqTU5X4FXjNUm3eU30\">$1.1 trillion through 2031.<\/a>&nbsp;Wood Mackenzie ballparks it from&nbsp;<a href=\"https:\/\/www.woodmac.com\/news\/opinion\/IRA-tax-credits-for-renewables\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.woodmac.com\/news\/opinion\/IRA-tax-credits-for-renewables\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw1ShF_rwdxlt4bLdo07FLPq\">$2.5 to $3 trillion.<\/a>&nbsp;The Cato Institute thinks it&rsquo;s possibly as high as $1.97 trillion over the next decade and&nbsp;<a href=\"https:\/\/www.cato.org\/sites\/cato.org\/files\/2025-03\/Policy-Analysis-992-Update-2.pdf\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.cato.org\/sites\/cato.org\/files\/2025-03\/Policy-Analysis-992-Update-2.pdf&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2UUPSr6phX676Itxsa8Zsz\">$4.67 trillion through 2050.<\/a><\/p>\n<p style=\"font-weight: 400;\">The point being, whatever the true cost, the IRA is going to cost insane amounts of dough. Considering that the IRA is a market-distorting, inefficient, environmentally dubious, massively expensive legislative piece of green featherbedding that not a single Republican voted for, one would assume that congressional Republicans are <a href=\"https:\/\/www.youtube.com\/watch?v=uDcQfa8EjEA\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.youtube.com\/watch?v%3DuDcQfa8EjEA&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw3rlVebYPkM-oPEX8JNel-t\">gearing up<\/a>&nbsp;to take on IRA repeal like Arnold Schwarzenegger in&nbsp;<em>Commando<\/em>, right?<\/p>\n<p style=\"font-weight: 400;\">See, the Democrats were smart. Any sort of spending in Washington becomes entrenched and sacrosanct very quickly, and a significant amount of the IRA&rsquo;s green subsidies are being allocated to Republican-controlled or Republican-leaning congressional districts.<\/p>\n<p style=\"font-weight: 400;\">As of last June, according to&nbsp;<em>Bloomberg Opinion<\/em>,<em>&nbsp;<\/em>$161 billion of the $203 billion allocated so far for investment in &ldquo;clean&rdquo; technology manufacturing had gone to&nbsp;<a href=\"https:\/\/www.bloomberg.com\/graphics\/2024-opinion-biden-ira-sends-green-energy-investment-republican-districts\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.bloomberg.com\/graphics\/2024-opinion-biden-ira-sends-green-energy-investment-republican-districts\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2RVKbdMbyyNb4EOzJfJ7K8\">80 Republican House districts,<\/a> including nine of the 10 districts receiving the biggest allocations, and 21 of the largest 25. Of the 51 projects allocated more than $1 billion, 43 of them were located in Republican districts. The Clean Economy Tracker, a project of Atlas Public Policy and Utah State University, lists that&nbsp;<a href=\"https:\/\/cleaneconomytracker.org\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/cleaneconomytracker.org\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw1Lg7cM_On8_Ev8qM2npzCY\">73 percent<\/a> of &ldquo;clean&rdquo; energy and technology manufacturing facility investments have gone to Republican congressional districts.<\/p>\n<p style=\"font-weight: 400;\">Accordingly, 18 Republican members of the House of Representatives&nbsp;<a href=\"https:\/\/garbarino.house.gov\/sites\/evo-subsites\/garbarino.house.gov\/files\/evo-media-document\/FINAL%20Credits%20Letter%202024.08.06.pdf\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/garbarino.house.gov\/sites\/evo-subsites\/garbarino.house.gov\/files\/evo-media-document\/FINAL%2520Credits%2520Letter%25202024.08.06.pdf&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw3w1I_b1lBfQMY2Thit7L0L\">sent a letter<\/a>&nbsp;to Speaker of the House Mike Johnson (R-LA) this past August, urging him to support the IRA&rsquo;s green tax credits, the premature repeal of which, they argue, &ldquo;would undermine private investments and stop development that is already ongoing.&rdquo; Sixteen of the 18 signatories won reelection in November, while one of them, union shill Lori Chavez-DeRemer of Oregon, was tapped by President Trump to head the Department of Labor.<\/p>\n<p style=\"font-weight: 400;\">The number of pro-IRA Republicans has only grown since then.<\/p>\n<p style=\"font-weight: 400;\">On March 9, 25 GOP members signed&nbsp;<a href=\"https:\/\/www.novoco.com\/public-media\/documents\/house-republicans-ira-tax-credits-letter-03092025.pdf\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.novoco.com\/public-media\/documents\/house-republicans-ira-tax-credits-letter-03092025.pdf&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw2hk6aCChIvArFFwxbEg_ra\">another letter,<\/a>&nbsp;this time addressed to Rep. Jason Smith (R-MO), chairman of the House Ways and Means Committee, urging him to keep &ldquo;on our current path to energy dominance amid efforts to repeal or reform current energy tax credits.&rdquo; With the GOP having only a five-seat majority in the House, Democrats would only need to flip five of those 25 signatories to block any IRA repeal.<\/p>\n<p style=\"font-weight: 400;\">To his credit, Trump&nbsp;<a href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/01\/unleashing-american-energy\/\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/01\/unleashing-american-energy\/&amp;source=gmail&amp;ust=1743466622505000&amp;usg=AOvVaw02prZ4VYi4HFi6dycHau0J\">issued an executive order<\/a><u>&nbsp;(EO)<\/u>&nbsp;just hours after taking the oath of office that immediately paused the disbursement of IRA funds. Without congressional repeal of the IRA, however, all that EO does is maintain a holding pattern until a Democrat eventually returns to the White House and issues an EO to reverse Trump&rsquo;s EO and turn on the green spigot once again.<\/p>\n<p style=\"font-weight: 400;\">If <a href=\"https:\/\/www.westernjournal.com\/cia-whistleblower-zeroes-trumps-signal-controversy-someone-serious-trouble\/\" target=\"_blank\" rel=\"noopener\">the Trump administration<\/a> truly wants to Make America Great Again, it cannot rely on stopgap executive orders. It needs Congress to act.<\/p>\n<p style=\"font-weight: 400;\">As the leader of the party, the president must make clear to congressional Republicans, especially the Gang of 25, that repealing the IRA root and branch is a centerpiece of the MAGA agenda, something that simply&nbsp;<em>has to <\/em>be done, and he and his people must move heaven and earth to get them to vote accordingly. Short of that, the Inflation Reduction Act is likely here to stay.<\/p>\n<\/p>\n<p><i><b>The views expressed in this opinion article are those of their author and are not necessarily either d or endorsed by the owners of this website. If you are interested in contributing an Op-Ed to The Western Journal, you can learn about our submission guidelines and process <a href=\"https:\/\/www.westernjournal.com\/submitop-ed\/\">here<\/a>.<\/b><\/i><\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! 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This is notable given the long-standing tradition in DC of crafting deceptive titles for congressional bills to aid their passage. Once it was passed along party lines, Democrats revealed that the IRA was not actually intended to reduce inflation, a fact acknowledged by President Joe Biden himself. The real aim of the IRA was to establish a vast &#8220;green&#8221; energy fund financed through deficit spending, primarily through subsidies and tax credits for renewable energy sources like wind and solar power, battery storage, and electric vehicle purchases. Additionally, it allocates significant funds for &#8220;environmental justice&#8221; initiatives and green lobbying groups\u2014many newly formed organizations linked to Democratic politicians\u2014such as Power Forward Communities, which received $2 billion despite having only reported $100 in revenue at that time.<\/p>\n<p>The group leading these efforts includes Timothy J. Mayopoulos, who previously managed Fannie Mae during Obama&#8217;s presidency, and Shaun Donovan, another Obama administration veteran who served as Secretary of Housing and Urban Development. The funding awarded is substantial; for instance, it represents only 40% of what was granted to the Coalition for Green Capital\u2014a group with minimal reported revenue but influential board members connected to past administrations.<\/p>\n<p>According to a recent policy study by The Heartland Institute titled &#8220;The High Costs of Climate Scams: Assessing the Green Giveaways in the Inflation Reduction Act,&#8221; estimating the true cost of these subsidies is challenging but likely far exceeds the Biden administration&#8217;s claim of $369 billion. Various estimates suggest costs ranging from $1.1 trillion up to nearly $4 trillion over several years.<\/p>\n<p>Despite being an expensive piece of legislation that no Republican supported initially, many Republicans are now benefiting from IRA-funded projects in their districts\u2014over 73% have gone towards Republican areas according to some reports\u2014which complicates any potential repeal efforts by GOP lawmakers.<\/p>\n<p>In light of this situation where many Republicans are now advocating support for IRA-related tax credits due to ongoing investments in their districts\u2014even after Trump issued an executive order pausing disbursements\u2014the future repeal seems uncertain without strong congressional action led by party leadership emphasizing its importance within their agenda.<\/p>\n<p>The opinions expressed here reflect those solely attributed to their author and do not necessarily represent those held or endorsed by this website&#8217;s owners<\/p>\n","protected":false},"author":1,"featured_media":2417774,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/03\/Michael-Featured-Image-2025-03-30T174207.164.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[7983,9168,5708,4762,10964],"class_list":["post-2417773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-budgeting","tag-economy","tag-inflation","tag-legislation","tag-taxes"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/03\/Michael-Featured-Image-2025-03-30T174207.164.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2417773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2417773"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2417773\/revisions"}],"predecessor-version":[{"id":2417777,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2417773\/revisions\/2417777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2417774"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2417773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2417773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2417773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}