IRA inflation Reduct Act BBB 3
belated 1123 OOPS?
MERRI OK
---
---
sorta surprisng
what-is-in-the-inflation-reduction-act-and-how-much-will-it-reduce-the-deficit
Policymakers recently enacted the Inflation Reduction Act of 2022, a bill that addresses some priorities related to climate change and healthcare. Overall, that legislation is projected to reduce deficits by $238 billion over the next 10 years, according to estimates from the Congressional Budget Office.
That reconciliation bill includes $499 billion of new spending. Of that amount, $391 billion would be dedicated to climate and energy programs, such as introducing new and expanded tax credits that would incentivize the generation of clean energy, wider adoption of electric vehicles, and environmental conservation. The remaining $108 billion of new spending would go towards healthcare purposes, such as extending eligibility for subsidies to purchase health insurance from Affordable Care Act (ACA) marketplaces; such subsidies were expanded by the American Rescue Plan through 2022 and would now be extended through 2025.
..grafs
The enactment of the Inflation Reduction Act is a promising step forward in our nation’s fiscal situation seriously. The legislation marks the most significant deficit reduction bill in over a decade. As Foundation CEO Michael Peterson noted in a recent statement, “Looking ahead, there is much more work to be done to put our nation on a more sustainable fiscal path, but the deficit reduction provisions in this legislation are an important step in the right direction.”
---
---
AN 2 26
America lost $35 billion in clean energy projects last year — thanks to Trump
===
Fox News panel slams the Inflation Reduction Act with data that’s 2 years out of date
09/06/24 mma
Fox News panel slams the Inflation Reduction Act with data that’s 2 years out of date
Perhaps the team at Fox simply forgot what year it is?
Written by Craig Harrington
Research contributions from Zachary Pleat
Published 09/06/24
All five of the co-hosts of Fox News’ midday program Outnumbered got in on the action Friday of taking shots at one of the Biden-Harris administration’s signature legislative accomplishments: the Inflation Reduction Act.
In their criticisms of the law they seemed completely unaware of the dramatic reduction of inflation that has occurred over the past two years, and they dishonestly characterized the bill as a sort of Trojan horse for major climate legislation.
On the September 6 edition of Fox News’ Outnumbered, co-host and former Trump press secretary Kayleigh McEnany introduced the segment by slamming President Joe Biden for “admitting” that the Inflation Reduction Act “wasn't about inflation; it was really about his climate agenda.”
As the segment progressed, all of the co-hosts took turns deriding the “Inflation Explosion Act” for supposedly resulting in increased inflation and mocking President Joe Biden for his purported recent admission that the IRA was actually just a version of the Green New Deal.
Fox News’ production team also paired the segment with a misleading on-screen graphic criticizing Biden for annualized inflation rising from 1.4% before he took office to 9.1% in June 2022.
Video
CitationFrom the September 6, 2024, edition of Fox News' Outnumbered
Both of Fox’s lines of attack are deeply misleading.
First, the Inflation Reduction Act is not simply a rebrand of the Green New Deal. Fox has been lying about this for years, and it has never been true.
The Biden administration has also not been secretive about the historic climate provisions included in the bill. As the bill was being negotiated in July 2022, The Washington Post touted that its provisions included “the nation’s biggest-ever climate bill.” CNN likewise described the law as “the largest climate investment in US history, and by far the biggest legislative win for the environmental movement since the Clean Air Act.” Last August, the White House marked the first anniversary of the passage of the IRA by releasing a fact sheet boasting that the IRA “is the most ambitious investment in combating the climate crisis in world history.”
Second, the inflationary peak the Fox personalities claimed to be so upset about occurred more than two years ago. The Inflation Reduction Act was negotiated in Congress and enacted into law amid that inflationary peak.
The IRA was enacted in August 2022 and, since it went into effect, all traditional measurements of inflation have improved considerably –– a fact McEnany glossed over.
Fox viewers were shown this graphic, which included only January 2021 (when the economy was still largely dampened by COVID) and June 2022 (peak of inflation). Fox could have easily shown its viewers more recent data, demonstrating that inflation has been stable for over a year and is now only slightly higher than pre-pandemic levels:
Fox personality Lisa Kennedy Montgomery slammed the administration, saying that working families “haven’t gotten a raise” and that the price of eggs has risen to “$10 a dozen,” but those statements are simply false.
In reality, average hourly wages are up, wage growth has outpaced inflation since May 2023, and the average egg price is $3 per dozen nationwide. Even with inflation, an analysis from the Center for American Progress shows that wage increases had surpassed price increases by November 2023.
related
07/11/24 4:31 PM EDT
05/15/24 1:53 PM EDT
02/13/24 4:34 PM EST
04/11/24 2:04 PM EDT
05/01/24 9:21 AM EDT
06/27/24
===
---
Marc Morano
Weekly update ⋅ February 16, 2024
America is Wasting Over a Trillion Dollars on "Green" Programs | NewsRadio 740 KTRH
NewsRadio 740 KTRH
According to Marc Morano from The Climate Depot, the bill was merely a disguised 'green pork barrel' falsely labeled as the 'Inflation Reduction ...
---
WaPo: Wear Clothes Made From Human Hair to Save the Earth
One America News Network
WaPo: Wear Clothes Made From Human Hair to Save the Earth. with Marc Morano. An error occurred. Try watching this video on www.youtube.com, or ...
---
DC Jury Found 'Hockey Stick' Critics Defamed Scientist. What Does That Mean For Scientific ...
The Daily Caller
... Marc Morano, a former senior staffer for the Senate Environment and Public Works Committee who later founded ClimateDepot.com, told the Daily ...
---
Inflation Reduction Act's 30C EV Charging Tax Credit - One America News Network
One America News Network
To watch the full show, head over to OAN Live where you can download the OAN Live app to gain access to all our exclusive full-length content. Share ...
---
Rep. Pete Stauber (R-MN) was served a “reality check” by U.S. Secretary of Transportation Pete Buttigieg on Friday, after the pro-Trump election-denying Republican repeatedly took credit this week for a massive infrastructure project in his home state, funded by President Joe Biden’s legislation the Minnesota Congressman voted against.
“Reality check: I approved this because it’s a deserving project, consistent with President Biden’s priorities. This is happening because the Biden infrastructure package passed, despite your ‘no’ vote,” wrote Secretary Buttigieg on social media, in response to Rep. Staubert’s video providing what he claimed was a “fact check.”
At issue is President Joe Biden’s signature Infrastructure Investment and Jobs Act (IIJA), which he signed into law in November of 2021. Although bipartisan, just 13 Republicans in the House and just 19 in the Senate voted for it.
“I was recently proud to announce that both Duluth, Minnesota and superior Wisconsin received over $1 billion in federal funding to help replace the Blatnik Bridge,” Congressman Stauber, a three-term backbench Republican, proudly declared in his social media video (below). “The Blatnik Bridge has helped drive our Twin Ports economy for the past six decades, and it needs repair and replacing. Securing the money to help replace this bridge has long been a priority of mine. And I am proud to help deliver over $1 billion in federal funds to the north.”
READ MORE: Jury Orders Trump to Pay E. Jean Carroll $83.3 Million
He also berated President Joe Biden and Democratic Governor Tim Walz. President Biden was a U.S. Senator for more than 35 years, and Governor Waltz was a U.S. Congressman for a dozen years.
“Now I know it’s been a while since the President and the governor worked in Congress. So maybe they need a little refresher on the legislative process, just because the infrastructure bill passed Congress and was signed into law that did not magically guarantee federal money for the Blatnik Bridge.”
Sec. Buttigieg’s “reality check” also came after Rep. Stauber earlier in the week posted on social media, “I’m proud to announce that Duluth, MN and Superior, WI have received over 1 billion in federal funding to help replace the Blatnik Bridge. This is a HUGE win for #MN08 and I was proud to advocate for these funds!”
That post earned a “Readers’ note” correction says: “Pete Stauber voted against the bill that is funding this project.”
The Minnesota Democratic-Farmer-Labor Party blasted Stauber: “FACT CHECK: you said the law that’s funding the Blatnik Bridge replacement was a path to socialism and voted against it. Give it up.”
Minnesota author Eric Chandler also berated Congressman Stauber: “Shorter: I will vote against infrastructure. But when money is approved by others who realize infrastructure costs money, I will put out my hand for some.”
READ MORE: Not Just Trump: GOP Voters Cheer and Applaud Boebert and 5 GOP Rivals for Arrest Records
Jake Schwitzer, the executive director of Minnesota’s North Star Policy Action added, “It’s extremely funny that this guy thinks that Biden wasn’t going to fund this bridge, but then he was presented with a letter with Stauber’s name way down the list of signatures and was like HANG ON GIVE IT A BILLION DOLLARS. Just vote for the bill if you want credit man.”
See the social media posts below or at this link.
---
MMA 12 23
Congressional Republicans have signaled their intention to find scandal in the Department of Energy’s loan program that would aid their efforts to repeal President Joe Biden’s landmark Inflation Reduction Act and its historic $369 billion in climate and energy provisions. Now, right-wing media are assisting those GOP efforts by targeting solar energy company Sunnova in reporting that mischaracterizes its federal loan guarantee and attacks the renewable energy industry as a whole.
On November 22, The Washington Free Beacon reported, “A solar company that was awarded a $3 billion Department of Energy loan has been accused of scamming dementia patients on their deathbeds into signing five-figure, multi-decade solar panel leases.” The article noted that the accusation “comes as the DOE’s Loan Programs Office is facing scrutiny from Congress over potential conflicts of interest involving the $3 billion federal loan to Sunnova Energy,” and quoted a former Energy Department official who claimed, “This is reminiscent of the mortgages of the 2000s, just getting people to sign, with no care at all as to the consequences. … Why not just call it subprime solar?"
While the report is troubling and worthy of scrutiny, the incidents documented by The Washington Free Beacon are not evidence that taxpayer money has been wasted or misused, nor is the story representative of all residential solar programs. In fact, as E&E News reported, “A loan program office official who was granted anonymity to speak candidly emphasized that the Sunnova project is a loan guarantee and that no money has actually gone out the door.” The article also cited clean energy lobbyist Joe Britton, who pointed out the political nature and the hypocrisy of the attacks:
In lieu of have a smoking gun of taxpayer dollars going to a company and then that company going into default … they’ve gone down a host of other tributaries that they think might be worthy of political attack,” Britton said.
“The company may be really successful, they may have great technology, they may be able to scale well and create a ton of new U.S. manufacturing jobs. But they’re finding other angles of trying to attack them,” he continued, pointing to efforts to tie recipients of money to China without putting similar scrutiny on the oil and natural gas industry.
Nevertheless, congressional Republicans have seized on the reporting by The Washington Free Beacon to probe the loan guarantee awarded to Sunnova, while Fox News’ Jesse Watters has suggested “the entire solar industry is a scam” that is being funded by “400 billion of your money.”
Right-wing media targeting Sunnova
- Right-wing outlets misleadingly described the Energy Department’s loan guarantee to suggest that the Biden administration had directly paid Sunnova billions of dollars. The Washington Free Beacon wrote that GOP legislators “are probing the Biden administration's decision to grant an unprecedented $3 billion loan to a solar company accused of scamming elderly dementia patients,” while Fox News Digital reported, “Republican leaders in the House and Senate are probing the Department of Energy (DOE) over its recent $3 billion award to a solar energy company that has been accused of scamming vulnerable customers.” The Washington Free Beacon, [12/12/23; FoxNews.com, 12/8/23]
- The Daily Wire reported on the Sunnova probe on December 9, adding: “President Joe Biden has been pushing the Democrats’ leftist green energy agenda seeking to address the ‘climate crisis’ and has emphasized expanding solar energy. Earlier this year, the Biden administration launched a $7 billion ‘Solar for All’ grant competition … created by the president’s Inflation Reduction Act.”The Daily Wire, [12/9/23]
- Jesse Watters Primetime featured the story on December 11, claiming: “Democrats have been telling us for years solar is the future. A lot of times it's just a big rip-off.” Watters continued: “This spring, Joe Biden gave a huge contract to a solar company that many are calling a scam. That company is called Sunnova and the Better Business Bureau gave them an F. Normally you wouldn’t really reward bad behavior, but the Biden administration just handed the company $3 billion — billion — of your money.” Fox News, *Jesse Watters Primetime*, [12/11/23]
- Fox Business host Elizabeth MacDonald compared Sunnova to Solyndra, a now-defunct solar energy firm that was previously a target of conservative ire during the Obama administration. MacDonald said: “The complaint has been money is flying out the door unchecked with no strings attached. That the Biden White House has a $400 billion green energy loan program overseen by an insider,” referring to Energy Department loan director Jigar Shah. She also said that the loan given to Sunnova “is about six times what the Obama White House gave green energy failure Solyndra.” Fox Business, *The Evening Edit*, [12/12/23; Media Matters, 11/13/14]
- On December 13, Watters aired a second segment suggesting that “now we’re beginning to think the entire solar industry is a scam and that Joe Biden poured 400 billion of your money into the scam,” claiming that the Energy Department’s loan guarantees were “letting solar panel companies hand out leases like we're handing out mortgages in 2008.” Fox News, *Jesse Watters Primetime*, [12/13/23]
Led in part by Watters’ coverage, Fox News has spent the past year spreading misinformation about offshore wind turbines and misleading viewers about the Inflation Reduction Act in an effort to undermine Biden’s climate agenda.
In reality, the IRA has transformed the clean energy landscape by funding new developments and electric vehicle production across the U.S. Since its passage, 272 clean energy projects have been announced in the United States, representing $278 billion in new investment and creating over 170,000 new jobs, according to Climate Power. Meanwhile, Canary Media reports that “solar is the fastest-growing source of electricity in the U.S., making up almost half of all new power capacity in the first three quarters of 2023.”
11/14/23 2:47 PM EST
07/17/23 2:48 PM EDT
12/30/22
---
an 11 23
when President Joe Biden signed the Inflation Reduction Act of 2022 into law, many Democrats hailed it as a recipe for job creation — including jobs in red states where GOP members of Congress bragged about voting against it.
In a report published on November 1, The Guardian's Oliver Milman describes Republicans who are vocal critics of the law yet hypocritically take full advantage of it.
"At least a dozen Republican members of Congress have welcomed clean energy investment flowing to their electorates following Joe Biden's landmark climate bill, even as they launch fresh attempts to dismantle the legislation," Milman explains. "The group of conservative lawmakers, including the House of Representatives members Nancy Mace, Clay Higgins and Marjorie Taylor Greene, have all recently praised the arrival of new renewable energy, battery or electric vehicle jobs in their districts even after voting against last year's Inflation Reduction Act (IRA), which was loaded with incentives for clean energy projects."
Milman notes that the League of Conservation Voters (LCV) has been tracking the "hypocrisy" of Republicans who have bashed the Inflation Reduction Act while trying to take credit for its benefits.
LCV Senior Government Affairs Advocate David Shadburn told The Guardian, "We are clearly seeing this disconnect House Republicans are feeling between their voters and their fossil fuel donors. Voters want clean energy jobs, but the donors in big oil and gas want the repeal of this stuff. These members are stuck between these two things."
Milman points out that Rep. Nancy Mace (R-South Carolina), for example, has "called the bill 'absurd' and a 'fiasco' but, more recently, has issued glowing statements about the carmaker Volvo boosting its electric vehicle production and a scheme to further electrified public transit." And Rep. Marjorie Taylor Greene (R-Georgia) called the climate bill 'extremely dangerous' but then lauded the 'fantastic' decision of QCells, a solar company, to expand its manufacturing base in her district."
READ MORE:'Straight up communism': Nikki Haley echoes Marjorie Taylor Greene rhetoric to attack Democrats
===
badash an
aug
fifth-place Republican presidential candidate Nikki Haley is ramping up her rhetoric ahead of next week’s first GOP presidential debate, sharpening her spear to target Democrats and President Joe Biden with charges of communism, just as top Trump supporter U.S. Rep. Marjorie Taylor Greene (R-GA) has been doing.
Haley, the former Trump UN Ambassador, attempted to paint herself as a reasonable Republican when she was the governor of South Carolina, but is now rated a “Hard Core Conservative” by OnTheIssues. Over the past few years she has positioned herself as tough on China, gradually but increasingly weaving remarks attacking “Communist China,” and the “Chinese Communist Party” into issues here at home.
“The Chinese Communist Party is building missiles and we’re arguing over gender pronouns. China is laughing at us,” Haley declared in June.
Despite her false suggestion that somehow the Chinese military is stronger than the American military, and despite her clear attack on transgender people, Haley earned an “Amen” from Caitlyn Jenner, but rancor from many others.
“I was just in Beijing,” wrote New York Times diplomatic correspondent Edward Wong. “I can tell you I didn’t have a single conversation with anyone about the use of pronouns in the US or about any American ‘culture war’ issues.”
On Wednesday, Haley moved from attacking Communist China and the CCP to accusing the President of the United States of signing into law a “communist manifesto.”
The Inflation Reduction Act (IRA), part of President Biden’s signature legislation that has helped drop inflation from 9% a year ago in July to just 3%, is now being targeted by Haley.
“The so-called ‘Inflation Reduction Act’ is a communist manifesto filled with tax hikes and green subsidies that benefit China and make America more dependent on Beijing. While Joe Biden cozies up to Xi Jinping, American families are footing the bill for all this spending,” Haley claimed.
Her rhetoric increasingly mirrors that of far-right Republican Marjorie Taylor Greene.
“It’s an old Republican trope,” Rolling Stone reported earlier this month, “to claim everything Democrats do is communism. But Marjorie Taylor Greene took it to the extreme, as she is wont to do, claiming that with the indictments of Donald Trump, ‘Americans are actually seeing what communism really looks like.'”
“The more times they indict Trump, the more people realize that the Biden administration is a communist regime,” Greene had told Fox News.
READ MORE:Trump calls Fani Willis 'a racist' ahead of potential indictments
And on Tuesday, while again defending Trump, Greene combined his four criminal indictments totaling 91 charges, calling the prosecutions “straight-up communism.”
Watch the video above or at this link.
---