House Proposed Bill Does Not Go Far Enough in Undoing IRA Tax Credits

House Proposed Bill Does Not Go Far Enough in Undoing IRA Tax Credits

President Trump campaigned on ridding U.S. taxpayers of Biden’s Green New Deal, namely the “clean” energy tax credits in the Democrat-passed Inflation Reduction Act (IRA), but the House of Representatives has only managed to repeal some 60% of the ten-year cost of the tax credits in its proposed bill. The IRA was designed as an energy entitlement program with no caps, sunsets, or accountability. Although first estimated to cost $369 billion, it …