When the Democrat-majority Congress adopted the $370 billion Inflation Reduction Act (IRA), it was cheered and condemned as a massive federal intervention to accelerate a “clean energy” transition from fossil fuels to meet President Joe Biden’s plans for a carbon-free economy by 2050.
Those polar views haven’t changed since Vice President Kamala Harris—now Democrats’ 2024 presidential candidate—cast the deciding vote in a 51–50 partisan tally on Aug. 12, 2022, to send the “New Green Deal” to Biden’s desk.
With November’s elections on the horizon, the fate of the landmark IRA is on the ballot. If Republicans triumph, and former President Donald Trump regains the White House in January 2025, it is going away—quickly….