On May 1, 38 House Republicans sent a letter to the Chairman of the House Ways and Means Committee asking for a full repeal of the Inflation Reduction Act in budget reconciliation. The signers assert the IRA will cost taxpayers $1 trillion over the next decade and will “jeopardize America’s return to energy dominance.”
The letter addresses the other House and Senate Republicans who have penned letters of support for the legislation, saying the caucus previously had a unified stance to completely dismantle the IRA.
“If every faction continues to defend their favored subsidies, we risk preserving the entire IRA because no clearly defined principle will dictate what is kept and what is culled,” the May 1 letter reads.
The opponents of the IRA assert that it unfairly props up “unreliable” energy sources, while displacing “dependable, proven energy” like coal and gas.
House committees are currently working on markups of the reconciliation package. Speaker Mike Johnson said he wants the bill passed out of the House by Memorial Day, according to Politico.
