Billions in handouts and subsidies for corporations and other special interests.

WASHINGTON DC (08/16/2022) – Today, President Biden is returning to the White House to sign the Inflation Reduction Act, a spending package that Democrats pushed through Congress using the budget reconciliation process. The bill will cost an estimated $437 billion, with $369 billion allocated for investments in what Democrats are calling "energy security and climate change."

The bill is full of...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the ongoing drama surrounding Joe Manchin's inflation bill and the details coming about regarding the FBI raid of Mar-a-Largo.

Links:

• Rubio on FBI raid
• Kamala Casts the Deciding Vote
• Bernie “Minimal Impact” on Inflation
• "No New Audits." And yet the Dems defeated an amendment that would have codified it.
• Government Motors
• Congress is Broken. It can be fixed. McKenna Column

Senator Manchin said that Democratic leaders had “committed to advancing a suite of commonsense permitting reforms this fall that will ensure all energy infrastructure, from transmission to pipelines and export facilities, can be efficiently and responsibly built.” With that promise, Manchin agreed to the “Inflation Reduction Act” that recently passed the Senate along party lines. But since then, 47 of his fellow Democratic Senators rejected a permit streamlining measure. The  Senate...

The American Energy Alliance urges all members to oppose H.R. 5376, the 2022 budget resolution reconciliation legislation.

The reconciliation package is filled with new taxes and spending that are bad policy at any time, but especially dangerous at a time of high inflation and with the economy tipping into recession. As multiple independent analyses show, this legislation will not reduce inflation despite the title adopted by its proponents. More government spending, more subsidies, and...

According to the University of Pennsylvania’s Wharton school , “The Inflation Reduction Act of 2022” championed by Senator Manchin and Senator Schumer likely would not reduce inflation at all. The study, from the Penn Wharton Budget Model, estimates the proposed bill would cause inflation to ‘very slightly’ rise until 2024 then possibly decline after that. Overall, the researchers indicate that there is “low confidence that the legislation will have any impact on inflation.”...

On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss Joe Biden going back on his campaign promise on raising taxes and a granular breakdown of the Schumer/Manchin "climate" bill.

Links:

• Coal associations: "This legislation is so egregious, it leaves those of us that call Senator Manchin a friend, shocked and disheartened."
• Letter from State Coal Associations
• Schumer-Manchin: A terror unleashed
• Joe Manchin’s Economy-Wrecking Inflation and Tax Increase Act
• ...

The Manchin/Schumer ”Inflation Reduction Act“ keeps and extends the $7,500 tax credit on electric vehicles  and removes the numerical cap but there are a number of stipulations related to obtaining the full credit, one of which is where the battery materials are made. To qualify for $3,750 of the credit, an increasing share of a vehicle’s battery minerals such as lithium and nickel must be extracted or processed in the United States or in a country with which the United States has a...

The American Energy Alliance urges all Senators to support S.J. Res. 55, the Congressional Review Act resolution of disapproval for the Council on Environmental Quality revisions to implementation rules for the National Environmental Policy Act.

Construction of infrastructure of all types takes far too long, and costs far too much, in the United States. One of the primary reasons for this excessive time and expense is the tangled mess of the NEPA review process. This costly and lengthy...

The Federal government has already spent well over $100 billion on renewable credits for electricity production since their enactment three decades ago, and the “Inflation Reduction Act” will cost taxpayers another $98 billion . The proposed bill is full of incentives for renewable energy technologies, chief among an extension of wind and solar tax credits significantly increasing subsidies for them, provided additional criteria are met during construction. It also offers new tax credits...

Last week, the day before the latest GDP data release showed the US economy tipped into recession in the first half of 2022, Senators Joe Manchin and Chuck Schumer announced a deal on a legislative package to be passed through the budget reconciliation process. That process allows the Senate to pass certain types of legislation with a simple majority vote, meaning that Democrats alone can pass partisan priorities. This deal represents an about-face from Manchin, given that just a couple of...