Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Can big business save the Democrats’ climate legislation?

Reading Time: < 1 minute

In a surprising turn of events, it seems that big business might be the key factor in preventing Republicans from dismantling President Joe Biden’s climate law, should they gain control of Congress and the White House next year. Despite the GOP’s traditional stance on limited government and fiscal responsibility, trade groups like the U.S. Chamber of Commerce and the American Petroleum Institute are gearing up to defend the Inflation Reduction Act, which provides green subsidies and clean energy programs.

Christopher Guith, senior vice president at the Chamber’s Global Energy Institute, emphasized the importance of the law for energy security and competitiveness. API President Mike Sommers also expressed readiness to fight for certain provisions of the law, such as hydrogen and carbon capture tax credits.

While some Republicans have voted to rescind parts of the law and show hostility towards electric vehicles, others are supporting aspects they find favorable. The debate within the GOP highlights the complexity of the issue, with some lawmakers advocating for a more nuanced approach to the law rather than a complete repeal.

The influence of business groups like the Chamber and API on Republican lawmakers remains uncertain, as some believe these organizations have lost influence within the party. However, the economic impact of the law, including job creation and investments in clean energy projects, could sway opinions in favor of preserving certain aspects of the legislation.

As the debate continues within the GOP and with former President Donald Trump weighing in on the issue, the future of the Inflation Reduction Act remains uncertain. With conflicting views and potential pressure from various stakeholders, the fate of Biden’s climate law hangs in the balance as Republicans consider their next steps.

Taylor Swifts New Album Release Health issues from using ACs Boston Marathon 2024 15 Practical Ways To Save Money