Job One For The GOP: Kill The Inflation Reduction Act

[Geee]

Issues & Insights

What it will do, however, is:

• Enact much of the New Green Deal, a counterproductive bill that was conceived as a means to redistribute wealth rather than save the environment through green initiatives (anyone sensing a pattern here?), and was estimated to cost $51 trillion to $93 trillion over its first decade. 
• Raise energy costs and, says James Agresti of Just Facts, “make America poorer by subsidizing products that are much more expensive.”
• Outright rob millions of Americans of their livelihoods by requiring businesses to hire workers rather than letting them work as independent contractors, which many prefer. This provision of the bill is based on California’s 2019 Assembly Bill 5, which has stolen Californians’ right to work and hurt small businesses. The law is so depraved that it’s likely to require the state’s 70,000 independent truckers, who are key to moving goods from West Coast ports to the rest of the country, “to sell their trucks and either retire from the business or drive as an employee of a shipping company,” says Edward Ring of the California Policy Center. It’s nearly impossible to overstate how cruel and malevolent AB5 and the similar provision in the IRA are.
• Enact hidden taxes that hit Americans across all income groups (Agresti again).
• “Reduce the incentives of some people to work, mainly because of the enhanced health insurance subsidies, pushing down output and pushing up inflation,” says the CBO.
• Create a small army of IRS shock troops who will abet the progressive-socialist political complex’s consolidation of raw political power while wrecking families, individuals, and small businesses.
• Use its 40 pages of amendments to the Clean Air Act “to arm litigants hostile to the energy industries” and employ “various provisions of the Clean Air Act not heretofore deployed by the climate crowd as possible vehicles to re-engineer the U.S. economy,” says author and attorney Chris Horner.