CEI urges Congress to end the Inflation Reduction Act’s subsidies at the heart of the Green New Deal
By
Guest Contributor
March 6, 2025
Editor’s Note: The Inflation Reduction Act (IRA) was badly mistitled, and intentionally so. The Biden administration and Democrats in Congress took advantage of Americans’ desire for a response to high and rising prices for food, fuel, and other basic consumer goods. The people of the United States wanted federal leadership to take step to alleviate inflation. Instead they were lied to and got a bill that led to more inflation, along the way imposing unwanted mandates, limiting or directing peoples’ choices, in part by providing hundreds of billions in spending on President Joe Biden’s all of government approach to fighting climate change. Democrats had been unable to sell the Green New Deal scam to the public, so they repackaged it as Inflation Reduction, and brought it up for a vote. It passed without a single Republican vote.
The law resulted in billions of dollars being wasted on various green boondoggles, including companies given huge infusions of taxpayer dollars in IRA spending, only to still go bankrupt due to poor technology and lack of consumer demand. Billions more taxpayer dollars have been shipped, without accountability or transparency, to environmental startups with no track history, but with strong connections to Biden, Biden administration bureaucrats, and powerful Democratic Congress swamp creatures.
More than a year after the IRA’s passage, when confronted with the fact that the IRA wasn’t doing anything to curb inflation, Biden finally stated out loud at a fundraiser that the IRA, “has nothing to do with inflation; it has to do with … $368 billion, the single-largest investment in climate change anywhere in the world — no one has ever, ever spent that.” The IRA spending itself was, in fact, inflationary, meaning the law had just the opposite of its stated effect. That’s what Republicans and other critics of the law said at the time of its passage, but the mainstream media chose to ignore this fact.
https://climaterealism.com/2025/03/cei-urges-congress-to-end-the-inflation-reduction-acts-subsidies-at-the-heart-of-the-green-new-deal/
