I must disagree. The so-called Inflation Reduction Act, I don't know if anyone's keeping score, but when I go to the grocery store since the Inflation Reduction Act, prices are higher. When I go to the gas station, prices are higher. It hasn't really reduced inflation, but that is another story. Since the Inflation Reduction Act provides approximately $11.7 billion for the loan program office to issue new loans, we are going to keep going. We are going to burden the taxpayer with the potential for these loans to go bad, and they have gone bad. This additional funding raises significant concerns that the program will, once again, be used as a piggy bank for any administration and the Secretary to reward politically-favored industries. Madam Chair, my bosses, my constituents, can't afford this continued grifting. We have to stop the gravy train for these failed green energy companies on the backs of taxpayers. If private industry wants to invest, God bless them, but the taxpayers shouldn't be forced to. Madam Chair, I reserve the balance of my time.
On the recordJuly 23, 2024
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