Report: Democrats Are Giving Away $1 Trillion In Taxpayer Funds For ‘Green’ Subsidies – Due to ‘Green pork provisions included in Inflation (Reduction) Act’
By Marc Morano
February 13, 2024
8:41 am
https://thefederalist.com/2024/02/08/report-democrats-are-giving-away-1-trillion-in-taxpayer-funds-for-green-subsidies/BY: CHRISTOPHER JACOBS
During his time in the Obama administration, then-Vice President Biden once infamously proclaimed that we had to “spend money to keep from going bankrupt.” When he became president, he kept his word — at least when it comes to spending.
In an appearance before lawmakers last week, Congressional Budget Office (CBO) Director Phillip Swagel testified that the cost of the green pork provisions included in Democrats’ 2022 Inflation (Reduction) Act is likely to total $1 trillion. Unsurprisingly, the Biden administration figured out even more ways to spend money beyond what Congress, and the CBO, originally projected 18 months ago.
Preview of Fiscal Outlook
Swagel’s testimony largely focused on the accuracy of CBO’s budget projections — i.e., did fiscal conditions in prior years turn out as the budget gnomes forecast? But at the end of his prepared remarks, he turned to the upcoming release of the budget and fiscal baseline. How does CBO project the nation’s fiscal status in the coming decade?
https://www.climatedepot.com/2024/02/13/report-democrats-are-giving-away-1-trillion-in-taxpayer-funds-for-green-subsidies/
