Abolishing the Inflation Reduction Act (IRA)
TL/DR –
The Biden Administration and Democrats in 2022 supported the Inflation Reduction Act (IRA), labeling it as the biggest investment in energy and climate in American history, with the bill expanding the IRS, reducing drug costs, and implementing parts of the “Green New Deal”. However, the Act has been criticized by Steve Milloy, founder of Junk Science and Senior Fellow at the Energy & Environment Legal Institute, who argues that the IRA lacks scientific basis and will cost taxpayers over a trillion dollars. Milloy, a former Trump EPA transition team member, advocates for repealing every subsidy of the Inflation Reduction Act and combating what he calls “Green New Scam spending.”
Inflation Reduction Act Lauded by Democrats and Biden Administration
The Inflation Reduction Act (IRA) of 2022, referred to as the largest climate and energy investment in US history, was commended by Democrats and the Biden Administration. The legislation is seen as a critical step towards addressing the climate crisis, promoting environmental justice, and securing America’s leadership in domestic clean energy production.
Controversy Over Green New Deal Provisions
The IRA bill not only expanded the IRS by over 80,000 agents and reduced drug costs but also incorporated components of the “Green New Deal.” Critics like Steve Milloy, founder of Junk Science and Senior Fellow at the Energy & Environment Legal Institute, argue that the “Green New Deal” elements are a scam.
Call for the Repeal of the Inflation Reduction Act
During his campaign, President Donald Trump pledged to eradicate the “Green New Scam.” Milloy, along with other critics, are now advocating for Congress to repeal all subsidies under the Inflation Reduction Act, which they claim will cost Americans over a trillion dollars.
Questioning the Validity of Climate Fears
According to Milloy, the Left’s push for radical green proposals such as the IRA, lacks scientific basis. Majority of climate fears have not materialized and dire predictions over the last half century remain unfulfilled.
Concern Over Costs
States like Florida stand to receive billions to boost manufacturing of items like solar panels. However, Milloy contests this will result in higher costs for consumers and taxpayers, exceeding a trillion dollars.
Political Implications
“Cutting checks for fraudulent activity should stop. When lawsuits arise, argue that Green New Scam spending is waste, fraud, and abuse. If courts mandate wastage of taxpayer money on fraud then Republicans should make it a campaign issue in 2026,” advised Milloy.
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