Freedom Caucus Seeks IRA Repeal

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Trump tax cuts

The Daily Caller

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US Politics

Biden’s Inflation Reduction Act (IRA) is 'costly, it’s inflationary, and we should repeal every dollar of it,' says House Freedom Caucus member

Summary

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67% Informative

GOP Rep. Chip Roy and Eric Burlison say a full repeal of former President Biden’s Inflation Reduction Act (IRA) could imperil the final House tax bill's passage.

The two conservative lawmakers’ decision to go to the mat for a full IRA repeal sets up a clash with moderate House Republicans who appear committed to saving the law's green energy tax credits from the chopping block, which Trump has vowed to eliminate.

Twenty-one House Republicans wrote a joint letter March 9 urging Congress ’ chief tax writer to preserve the law’s green energy tax credits during the budget reconciliation negotiations.

The considerable number of GOP lawmakers that signed the letter suggests that a full repeal of the climate law's tax credits would be too painful for House Republicans .

Speaker Mike Johnson is trying to build consensus in crafting a tax and spending bill that can pass House .

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formal

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English

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