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Senator Joe Manchin is seeking a bill on permitting reform this fiscal year that could help accelerate wind- and solar-power projects as well as pipelines for oil and gas. Utility energy projects such as power transmission lines and offshore wind farms as well as oil and gas pipeline projects can be delayed for years and […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss the bizarre talking points coming from the Biden administration regarding the recently passed reconciliation bill, and the big winners and losers from the bill’s provisions. Links: Liz, you’re fired… Bill Gates lobbys Manchin Old Trump Tweetz EDV Tax Credit Details EV giveaways […]
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 […]
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 […]
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, […]
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 […]
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.” […]
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 […]
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 […]
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 […]