ConservAmerica President Jeff Kupfer released the following statement today to mark the second anniversary of the Inflation Reduction Act:
On the second anniversary of the Inflation Reduction Act, we recognize the significant investments that American businesses have made across our country, relying in many cases on the incentives and programs established by the bill. These investments have improved the United States’ energy and economic security by developing more domestic energy, onshoring manufacturing, fostering more secure supply chains, and creating new jobs. While Democrats’ decision to pass the IRA as a partisan bill was flawed, there remains a strong conservative case for preserving the IRA’s most effective provisions. Good economic policy, as well as good energy and environmental policy, must be durable and predictable. As 18 House Republicans wrote last week, policymakers must prioritize business and market certainty. They should also focus on what still needs to be accomplished, including permitting reform, and move forward with the bipartisan permitting reform bill that the Senate Energy Committee overwhelmingly passed last month.
Read more: The conservative case for keeping the Inflation Reduction Act