Commonwealth Foundation Joins Over 50 Organizations Opposing Anti-Energy Policies in the Inflation Reduction Act on its Two-Year Anniversary

Originally published at the Competitive Enterprise Institute

The Competitive Enterprise Institute today sent a coalition letter signed by more than 50 conservative and free market organizations to Congress urging the dismantling of the “green” subsidies in the Inflation Reduction Act of 2022 (IRA). August 16 marks the two-year anniversary of the legislation becoming law.

“The cost of these subsidies may reach $1 trillion or more, but the tax dollars squandered are only part of the burden,” the letter states. “The IRA forces upon Americans politically favored energy sources too expensive to compete on their own. At the same time, it tilts the balance against conventional and reliable energy sources, especially the fossil fuels that America possesses in great abundance. The unavoidable result is costlier energy bills.”

Read more at CEI.org