Congress: Repeal Biden’s Green Energy Handouts

Fuel America’s Future: Repeal Wasteful Energy Handouts, Renew Pro-Growth Tax Cuts

As Congress prepares for the upcoming reconciliation process, there is an opportunity to correct course on two fronts: repeal costly and inflationary energy subsidies for unreliable energy (generators) sources, and lock in the economic growth delivered by the 2017 Tax Cuts and Jobs Act (TCJA). 

The Inflation Reduction Act (IRA)—despite its name—gave green energy handouts to the politically well connected to fund programs Americans don’t want or need. Biden’s IRA Tax Credits have raised costs, stifled innovation, and limited Americans’ ability to choose the energy solutions that best fit their needs.   

What the IRA has done is committed potentially  trillions of corporate cronyism dollars from taxpayers to  companies for boondoggle green energy projects that hinder America’s energy production. Biden’s green energy handouts distort markets, pick winners and losers, and put upward pressure on costs. Americans have seen their utility costs go up as ratepayers are forced to pay for useless capital investments that don’t add capacity, making energy less affordable and less reliable.  

Refuel America’s Economy: End Costly Energy Subsidies

It’s time to invest in America’s energy dominance to build and maintain an economically competitive and secure nation. American energy demand is growing, global competition is increasing. Renewable and traditional energy are not mutually exclusive.  

What the country needs is to make the American Dream affordable again. As the largest and most prosperous economy in history, the United States consumes a lot of energy. All that energy keeps the factories running, your lights on, your internet online, your cars going, and your life steaming ahead. America has the natural resources, capital, and technology needed to reignite the American Dream. 

Policymakers recognize the growing demand for reliable, affordable energy. In 2023, oil, natural gas, coal, and other traditional energy sources produced 80% of energy Americans consumed. American families and businesses cannot afford a legislative environment that prematurely sidelines oil, natural gas, and coal in favor of speculative green projects propped up by subsidies. 

Repealing these misaligned IRA tax credits would send a strong message: Congress is serious about energy security, fiscal responsibility, and restoring a level playing field for American energy. 

Powering Prosperity: Make the Tax Cuts and Jobs Act Permanent

But repeal alone isn’t enough. The savings must be repurposed toward policies that create broad-based, lasting prosperity—starting with making the Tax Cuts and Jobs Act permanent. 

The TCJA has proven to be one of the most successful pro-growth tax reforms in decades. It lowered individual tax rates across the board, expanded the standard deduction and child tax credit, and gave small businesses the certainty and breathing room they need to invest and grow. Since its passage, middle-class families have seen higher take-home pay, and the U.S. economy has remained globally competitive in the face of mounting headwinds. 

Don’t Let Washington Pull the Plug on American Prosperity

If Congress fails to act, these benefits will expire—raising taxes on working Americans at the worst possible time. According to Tax Foundation estimates, the average family could face a $1,500 annual tax increase. That’s not just poor timing—it’s bad policy. 

Congress can cut billions of dollars allocated for Biden’s Green New Deal scam to fund tax cuts while unleashing American Energy Dominance through the reconciliation bill now.  

The reconciliation bill, otherwise known as the “Renewing the American Dream Act” provides a strategic opportunity. Congress can do two things that matter to families, businesses, and the economy: repeal harmful, wasteful IRA energy tax credits, and make the TCJA permanent to ensure economic certainty and growth. This is our chance to restore U.S. energy dominance and cut taxes. 

It’s simple: If we decide to favor green energy handouts, America would not have enough power to fuel a prosperous life for you and your family—and we would all feel the pain by continuing to pay higher prices at the pump and at the grocery store. 

Repealing IRA subsidies and locking in pro-growth tax reform isn’t just good politics—it’s good policy. 

It’s time to restore energy abundance, protect taxpayers, and renew the promise of the American Dream.