The Trump administration insists that renewables are making energy more expensive and that more fossil-fueled power will reduce utility bills. But those claims are false — and if congressional Republicans succeed in repealing key tax credits supporting the growth of clean energy, Americans will suffer the consequences in higher electric bills.
So finds a report released Thursday by think tank Energy Innovation warning lawmakers of the costs of repealing the clean-energy tax credits created by the 2022 Inflation Reduction Act, the Biden administration’s signature climate law.
The fate of those tax credits remains highly uncertain. Some Republican lawmakers have voiced support for keeping them in place, but others have criticized the incentives, which could channel hundreds of billions of dollars to solar and wind power, batteries, electric vehicles, and other carbon-free technologies over the next decade. President Donald Trump has also vowed to repeal the IRA. - Canary Media
Wednesday, March 26, 2025
Repealing the IRA will cost Americans plenty
I'm not even going to try to predict how much "repeal" is or isn't likely, at this time. But even the fact that so much spending is being hindered is a big problem.
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ICYMI, as part of Finstad's PROVE IT Act, the House Small Business Committee held a hearing on April 1 ... and it was no April Fools Day joke as they heard from a representative of the National Stripper Well Association (small oil and natural gas drillers) complaining of the methane emissions regulatory package and a methane waste emissions charge (WEC), established under the 2022 Inflation Reduction Act. But they also expressed with great joy that the Trump Administration was now empowered with Administrator Lee Zeldin expressed goals to rescind all methane rules and regulations, and "we are confident with this new Administrator that they will be eliminated."
ReplyDeleteThe hearing was entitled “The Gold Age: Unleashing Main Street Through Deregulation"
No concern that Trump's Gold Age will mean more pollution and the associated health risks.