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A major flaw in the Inflation Reduction Act (IRA) is that there is effectively no cap on the tax subsidies that President Biden provides to his favorite “green” technologies. Despite more than four decades of subsidies for wind and solar technologies, the IRA continues to subsidize these technologies as if they were still emerging, which they are […]
On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss Biden’s tough week in the polls and at the podium. Check out The Unregulated Podcast, now streamed by billions, 300 million, trillions, 300 billion listeners. Links: American Energy Alliance · #160: Running the Guillotine (12/14/23)
President Biden’s climate law, the Inflation Reduction Act (IRA) of 2022, provides up to $7,500 in tax credits to consumers who buy electric vehicles made in the United States, using largely domestic materials. The law includes a general ban on Chinese products, orchestrated by Senator Manchin, Chairman of the Senate Energy & Natural Resources Committee, who was […]
This week on The Unregulated Podcast Thomas Pyle and Mike McKenna are joined by Travis Fisher, the director of energy and environmental policy studies at the Cato Institute, for a wide ranging discussion energy issues in the news. Links: American Energy Alliance · #157: Direct Communications Stated Directly (11/17/23)
The first major legislation House Republicans passed under Speaker Mike Johnson’s leadership would cut billions of dollars in green subsidies for energy efficiency upgrades included in President Biden’s climate law, the Inflation Reduction Act. The $58 billion measure, which funds the Energy Department and other agencies, rescinds more than $5.5 billion from the Inflation Reduction Act, including a $4.5 […]
Biden’s Department of Energy (DOE) has projected that President Biden’s infrastructure bill and his Inflation Reduction Act will save Americans up to $38 billion on electricity costs over the remainder of the decade, using a version of the Energy Information Administration’s (EIA) National Energy Modeling System (NEMS). Despite EIA being part of the DOE, EIA was not […]
On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss bumbles from Biden and co. this week, the Maui wildfire, and the latest ups and downs from the 2024 presidential contest. Links: US Mortgage Rate Climbs to 7.16%, Matching Highest Since 2001 Bloomberg Manchin… LA Times: Despite climate goals, California will let […]
WASHINGTON DC (08/17/2023) – The American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, has joined a coalition of free-market organizations working to save taxpayers from runaway Washington spending on green corporate welfare found in the so-called “Inflation Reduction Act.” AEA President Thomas Pyle issued the following statement: The Biden Administration’s […]
First Solar, an Arizona-based solar-panel manufacturer, expects to receive as much as $710 million this year—nearly 90 percent of its expected operating profit—from federal subsidies meant to encourage domestic renewable energy production. Those incentives could be worth more than $10 billion for the company over the next decade. The incentives were approved by a Democratic Congress and President Biden last year […]