WASHINGTON DC (05/23/25) – This week, the House passed the “Big, Beautiful” budget reconciliation bill. This bill advances key elements of President Trump’s agenda to unleash America’s energy potential.
The House bill prioritizes energy security and affordability by eliminating costly green energy subsidies and wasteful green grants to outside organizations. While it falls short of full repeal of the egregious IRA green subsidies, it does dismantle numerous Biden-era climate and energy programs. These programs are projected to cost taxpayers between $936 billion and $1.97 trillion over the next decade, with potential liabilities reaching up to $4.7 trillion by 2050. The rapid conclusion of the House bill is a major win for taxpayers.
American Energy Alliance President Thomas Pyle issued the following statement:
“By targeting the IRA green energy provisions, Speaker Johnson and House Leadership have taken an important step in dismantling what President Trump has called the ‘Green New Scam.’ An especially large thanks goes to Representative Chip Roy and members of the House Freedom Caucus who tirelessly championed these measures.
“We look forward to the Senate taking up this bill, where the debate among Republicans should be over what more should be cut, not what spending they may want to retain. The immediate end to these tax credits must be included in any bill sent to President Trump’s desk so he can fulfill his campaign promise of saving American families from the costly IRA.”
AEA Experts Available For Interview On This Topic:
- Tom J. Pyle, President
- Kenny Stein, Vice President of Policy
- Alex Stevens, Manager of Policy and Communications
Additional Background Resources From AEA:
- Rolling Back the IRA: House Bill Marks Key Victory on Energy Policy
- Repeal the IRA in the Reconciliation Bill
- Don’t Fall for the Phase-Out Fallacy
For media inquiries please contact:
THOMAS.PYLE@ENERGYDC.ORG