Maya Boddie, Alternet
August 25, 2024
A Democrat-backed 2022 climate law is "drawing growing GOP support," causing friction among Republican lawmakers, according to a Sunday, August 25 Politico report.
While the Inflation Reduction Act "is undeniably bringing federal money, private investments and jobs into communities around the country overwhelmingly represented by Republicans," Politico notes that no GOP lawmakers voted for the bill in 2022, "and conservatives consistently charge that its hundreds of billions of dollars in subsidies for electric vehicles, wind, solar and other technologies will drive up prices, distort the markets and benefit China."
Per the report, earlier this month, 18 House Republicans signed onto a letter asking Speaker Mike Johnson to spare the energy tax credits from efforts to repeal the Inflation Reduction Act, with many of them seeing the incentives as both good for the planet and extremely beneficial for local economic development."
However, some far-right Republicans, like Rep. Chip Roy (TX), are calling some colleagues who signed the letter hypocritical.
Noting that the "18 Republicans voted last year to repeal the IRA climate subsidies," Roy claimed via X, "Now, [they] want to preserve so-called ‘green’ handouts to Democrats’ corporate cronies."
Politico reports that Nick Loris, vice president of public policy at the Republican-aligned firm C3 Solutions, predicts GOP members will "treat the tax credits as something of a buffet, with Republicans picking and choosing what they like and what they don’t."
He emphasized, "There’s going to be some division for sure, but it’s not going to be black and white, either."
READ MORE: Conservative admits Trump’s policies 'would result in price spikes' for most Americans
The possible party showdown, Politico adds, is "all part of an intensifying debate within the Republican Party about how to respond to climate change, a rising priority for many young voters. And while more GOP lawmakers say they want to be active on the issue, many conservatives — including Republican presidential nominee Donald Trump — still don’t buy the reality of human-caused global warming and the impact of fossil fuels."
Politico's full report is available here.
No comments:
Post a Comment