"For starters, it contains a hidden gas tax. "
"President Donald Trump has promised to reduce gas prices, improve energy security, create domestic manufacturing jobs, boost the economy, and ensure that Americans breathe the cleanest air. But by gutting the Inflation Reduction Act, or IRA, Congress’ big new budget bill would undermine all of these objectives – and more.
House Republicans’ top two priorities are to extend the soon-to-expire tax cuts that they passed in 2017, and to minimize the amount that doing so will add to the nation’s over $36 trillion in debt. The massive budget bill they narrowly passed in May is their effort to achieve both.
The Congressional Budget Office estimated that the House bill’s proposed tax cuts would add about $4.5 trillion to the debt over the next decade – more than a 12% increase from today’s levels.
To pay for some of those tax cuts, the House bill would repeal most of the IRA’s climate and clean energy investments. The IRA, passed by Democrats in 2022, committed hundreds of billions of dollars to developing clean energy and fighting climate change."
Dana Nuccitelli reports for Inside Climate News June 11, 2025.
SEE ALSO:
"One Big, Beautiful, Climate-Killing Bill" (Yale Climate Connections)
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