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Republican fight over green subsidies heads toward a boiling point

2024-08-26 09:13:17       source:Politico

August 25, 2024


Republicans plotting their party’s post-election policy agenda have a decision to make: What do they do with the Democrats’ 2022 climate law, now that its clean energy tax breaks are drawing growing GOP support?


No Republican voted for the Inflation Reduction Act two years ago, 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.


But the law is undeniably bringing federal money, private investments and jobs into communities around the country overwhelmingly represented by Republicans — and the once-united opposition is fraying.


Read more:

https://www.politico.com/news/2024/08/25/republican-fight-inflation-reduction-act-00176223