CEI-led coalition urges Congress to end Green New Deal policies embedded in the Inflation Reduction Act
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The Competitive Enterprise Institute today sent a coalition letter to Congress urging lawmakers to make it a priority to get rid of the Inflation Reduction Act’s Green New Deal provisions, like subsidies undermining the freedom of Americans to choose their cars.
“The IRA is filled with numerous subsidies that were designed to shift our country away from reliable electricity generation (coal and natural gas) to unreliable electricity sources (e.g. wind and solar),” the letter states. “This comes at a time of concern about the reliability of the nation’s electricity grid, in large part because of misguided corporate welfare policies that undermine reliable baseload generation.
“The subsidies will drive up prices, diminish grid reliability, compromise mobility, and disproportionately impact the poor. Not to mention, the subsidies are expected to cost over $1 trillion.
“All IRA ‘green’ subsidies should be in the sights of policymakers. They work together as a central plan to achieve a radical and harmful shift in how our country produces and uses electricity, among other things. Given that they work together to achieve this Green New Deal, they should be eliminated together to restore freedom and ensure our country can reliably and affordably meet its energy needs.”
The letter was signed by more than 50 conservative, free market, and pro-energy groups.