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Biden’s Climate Agenda Will Cost Taxpayers Nearly $800 Billion


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TownHall

President Joe Biden’s so-called “climate initiatives” will cost the United States hundreds of billions of dollars.

According to the Congressional Budget Office (CBO), the President’s Inflation Reduction Act (IRA) has a heftier price tag than initially thought.

The CBO said Biden’s climate agenda was projected to cost $428 billion. In 2022, the CBO initially expected the IRA’s climate and energy provisions to tap out at $400 billion. However, experts admit that the estimate was too low.

“The budgetary effects of energy-related tax provisions remain highly uncertain,” the CBO said.

However, per the latest figures, the investment banking company Credit Suisse revealed that the Left’s radical climate policy will cost nearly $800 billion. :snip:

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