With the Republican House majority officially secured, Republicans will have a trifecta come January 20. They need to use their newfound power to repeal the so-called Inflation Reduction Act in its entirety.
Democrats passed the IRA without a single Republican vote through budget reconciliation. Republicans can repeal it without a single Democratic vote through budget reconciliation.
The law never had anything to do with inflation. Immediately after Congress passed it, the media called it what it always was: a climate and health-care law. Joe Biden himself has said more than once that the law wasn’t about reducing inflation.
Democrats gleefully enriched the National Treasury Employees Union, which represents IRS employees, with $80 billion in additional IRS funding, and the NTEU has been sure to send them a thank-you note each year since, along with the normal 95+ percent of its PAC donations. Extra revenue raised from tax enforcement is nowhere near what was promised, but for Democrats it’s about the spending, not the results.
