In the Search for Offsets, Biden’s IRA Giveaway Provides Trillions
Arlington, Virginia— In response to new reports that Republicans are continuing to search for spending offsets to pay for the Trump tax cuts, Americans for Prosperity issued a statement once again encouraging Congress to target the trillions of dollars in Biden-era Green New Deal giveaways included in the 2022 “Inflation Reduction Act.”
AFP Chief Government Affairs Officer Brent Gardner issued the following statement:
“When the so-called ‘Inflation Reduction Act of 2022’ passed under President Biden and a Democrat-controlled Congress, not a single Republican voted for the reckless spending, progressive cronyism, or lopsided energy policy that saddled Americans with a once-in-a-generation cost of living crisis.
“As Congress looks to address the federal deficit and to offset the cost of extending the Tax Cuts and Jobs Act, eliminating these Green New Deal subsidies should be the first item on the list.”
Last week, AFP launched a new ad campaign highlighting the possible savings that could be found by zeroing out subsidies that picked winners and losers with taxpayer funds. “It really is simple,” says the ad, “Eliminating Biden’s green new deal helps pay for President Trump’s tax cuts.”
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