How Trump Is Trying to Undo the Inflation Reduction Act. “The biggest effects of the Trump administration on clean energy…has been to introduce massive chaos.” “It would have allowed the US to try to catch up with China in key industries… we will essentially be ceding these industries to China”

https://time.com/7262600/how-trump-is-trying-to-undo-the-inflation-reduction-act/

by mafco

11 comments

  1. The fossil fuel industry pats Donnys head and says good boy.

  2. Yep. I heard the other day solar companies are questioning their “guaranteed” IRA loans. The industry is folding fast. It will take years to recover after these actions.

    All while other countries are moving full steam ahead.

  4. At last a pic of Joe in my feed, so good to see besides all the other crackboys day to day.

  5. There was a whole bunch of heavy equipment and materials that were ordered by contractors that were awarded contracts funded by the IRA. Can’t wait to see what happens if they try and claw back those awards….

  6. What the billionaire class really wants gone from the inflation reduction Act is the 15% minimum tax on corporations that earned over a billion dollars.
    It’s a tax that didn’t even affect the companies that didn’t use loopholes to get their tax burden to like 2% or even 0%.

  7. Consider, if you will, the textbook Definitions of what we are dealing with.

    conservatism (noun), con·​ser·​va·​tism kən-ˈsər-və-ˌti-zəm, plural conservatisms

    : inclination to preserve what is established : belief in the value of established and traditional practices in politics and society

    This is no way would espouse newer technology or innovation in my book. This shows with maintaining reliance on fossil fuels. This is also why it seems like GOP wants humanity to stop evolving as a species (with a relatively more intelligent mind) and travel back to the 1800’s.

  9. I am in the industry but this article has absolutely no new information.

  10. Trump and MAGA are Luddites. Luddites were English textile workers opposed to automated machinery. The term is now used to describe those opposed to the introduction of new technologies. His opposition is also influenced by personal greed. His petty actions will mire the US in the past while the rest of the world surges into the future.

  11. Not sure why “what do these foreign leaders have on Trump?” isn’t one of the main questions being asked. I can’t wait for the videos….

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