{"id":253835,"date":"2023-04-21T17:23:52","date_gmt":"2023-04-21T15:23:52","guid":{"rendered":"https:\/\/climatescience.press\/?p=253835"},"modified":"2023-04-21T17:27:04","modified_gmt":"2023-04-21T15:27:04","slug":"gop-debt-ceiling-bill-guts-bidens-signature-climate-law-saves-taxpayers-billions-climate-change-dispatch","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=253835","title":{"rendered":"GOP Debt Ceiling Bill Guts Biden\u2019s Signature Climate Law, Saves Taxpayers Billions"},"content":{"rendered":"\n
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From Daily Caller<\/a><\/strong><\/p>\n\n\n\n

By JOHN HUGH DEMASTRI<\/a><\/p>\n\n\n\n

CONTRIBUTOR<\/p>\n\n\n\n

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House Speaker Kevin McCarthy unveiled a Republican budget proposal Wednesday that would end the hundreds of billions of dollars worth of green tax cuts in President Joe Biden\u2019s signature climate law, the Inflation Reduction Act (IRA).<\/p>\n\n\n\n

The proposed legislation<\/a> would defund the IRS programs responsible for implementing the tax credits in the (IRA), which analysts at Goldman Sachs recently estimated<\/a> could cost as much as $1.2 trillion, more than three times the Congressional Budget Office\u2019s original estimate of $370 billion. The Republican spending plan \u2014 also known as the Limit, Save, Grow Act of 2023 \u2014  would also<\/a> block student loan forgiveness, take steps to claw back COVID-19 benefits from fraudsters and impose more stringent work requirements for beneficiaries of anti-poverty welfare programs while raising the debt ceiling by $1.5 trillion. <\/p>\n\n\n\n

\u201cThe Limit, Save, Grow Act will limit federal spending, save taxpayers trillions of dollars, grow our economy, and lift the debt limit into next year,\u201d said GOP House leadership in a statement<\/a> Wednesday. \u201cThis legislation will make us less dependent on the whims of the Chinese Communist Party and curb high inflation, all without touching Social Security or Medicare \u2014 because no one is hurt more by inflation than seniors.\u201d<\/p>\n\n\n\n

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Does President Biden think it's "wacko nonsense" to
\u2713 LIMIT reckless government spending
\u2713 SAVE taxpayers money
\u2713 GROW our economy

That's what Republicans will do when we vote for a responsible debt limit increase. The President should stop ignoring the crisis and join us.<\/p>— Kevin McCarthy (@SpeakerMcCarthy) April 19, 2023<\/a><\/blockquote>