By the Arizona Free Enterprise Club |
It was Biden’s biggest “accomplishment.” The so-called Inflation Reduction Act, which he later admitted had nothing to do with inflation (it actually did, just not in the direction the name suggested) but was really about dumping billions (really trillions) into subsidizing the green new scam. It was the biggest acceleration towards the “Net Zero” climate scam resulting in utilities across the country, especially here in Arizona, spamming the grid with unreliable energy generation such as solar, wind, and battery storage, driving up rates for utility customers while shattering reliability.
And President Trump promised on the campaign trail that he would terminate it on day one, instead committing to unleash American energy dominance, “drill, baby, drill”, and slash harmful regulations standing in the way of building affordable baseload generation. The recently passed “One Big Beautiful Bill” was the avenue to do the first.
What finally made it through Congress and was signed into law on July 4th terminated tax credits for electric vehicles, “energy efficient” home improvements, and residential solar this year. As for the much larger credits, those subsidizing grid scale solar and wind farms, it’s much more complicated.
