How the Inflation Reduction Act bankrolls EPA overreach
The Inflation Reduction Act offers a master class in implementing expensive, counterproductive, and highly partisan energy policy. In previous posts, I discussed 1) how the electricity generation subsidies in the Inflation Reduction Act could cost taxpayers $2.5 or $3 trillion and 2) why policymakers should remove those subsidies before expanding the high‐voltage transmission system. As we count the reasons why repealing the energy subsidies in the Inflation Reduction Act is a good idea, let’s also consider their interaction with the Environmental Protection Agency’s (EPA’s) proposed p...