Tag: IRA

Trump Will Redirect Billions in Unspent Funds from Biden’s Climate Law to ‘Real Infrastructure’

Admin
Construction Plans

President-elect Donald Trump is planning to redirect unspent Inflation Reduction Act funding to spending on infrastructure, the Daily Caller News Foundation has learned.

“President Trump will rapidly defeat inflation and bring down all prices by ending the Democrats’ anti-energy crusade, which will cut energy prices in half during his first 12 months in office,” Karoline Leavitt, Trump-Vance transition spokeswoman, told the DCNF in a written statement. “He will also terminate the Green New Scam and rescind all unspent funds from the so-called ‘Inflation Reduction Act’ and redirect them to spending on real infrastructure.”

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Former Biden EPA Head and Climate Adviser Admits Green Energy Challenges Underestimated

Just the News

Former EPA administrator and climate advisor Gina McCarthy was a key backer of the Inflation Reduction Act (IRA). The law set the country on an aggressive march toward greenhouse gas emission reductions, including advancing wind and solar. By some estimates, the green energy credits in the law alone will cost $3 trillion over their lifetimes.

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Mike Johnson Signals He Will Try to Save Some Subsidies from Biden’s Massive Climate Bill

Daily Caller News Foundation
Mike Johnson

Speaker of the House Mike Johnson indicated Tuesday that he will try to save some of the green energy subsidies unleashed by President Joe Biden’s signature climate bill if he gets the chance to do so.

Elected Republicans are divided on whether to pursue a full repeal of the Inflation Reduction Act (IRA), and particularly its green energy subsidies, if the party is able to secure enough leverage in the 2024 elections. Johnson told CNBC on Tuesday that he would prefer to approach any potential repeal efforts “with a scalpel and not a sledgehammer.”

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Commentary: Solar Company Benefiting from IRA Has Forced Labor Problem

Virginia Star Staff
Solar Panel Installation

Vice President Kamala Harris was “proud to cast the tie-breaking vote” for the Inflation Reduction Act. Would she be proud if her administration’s solar subsidies fund supported forced labor in China?

That may be the case with Hanwha Qcells, a South Korean solar company operating in Georgia. Bloomberg recently reported that two Chinese suppliers of the company obtained polysilicon for solar panel components from companies sanctioned by the U.S. government for employing forced Uyghur labor. Hanwha and their Qcells plant leadership deny these allegations, but Bloomberg reports “that the company offers assurances but no public details of its polysilicon sourcing.”

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