On the recordOctober 25, 2023
While I thank my friend and colleague and I appreciate the fact that through his work and the work of Republicans, we did reduce it by $1.5 billion, but there remains another $2 billion of funding. I say to my colleagues on both sides of the aisle: How are we going to ever balance the budget when we continue to fund things like this? That is my question. Why don't we pay for this, then? Can we at least pay for this out of something? Why don't we pay for this out of the Inflation Reduction Act? Why don't we pay for it by eliminating some of the IRS agents that got expanded? Tell me. Go to the American people and say, what would you like to give up to pay for that? That is what I would like to know. I would like to know for the American people: What would you give up in order to pay for $2 billion of more of this kind of subsidy? By the way, in the Inflation Reduction Act, 90 percent of the subsidies go to corporations making over a billion dollars. Mr. Chair, 78 percent of electric vehicle tax credits are claimed by Americans making over $100,000. Couples making up to $300,000 are still eligible. These subsidies could make wind and solar account for nearly 60 percent of U.S. electricity generation by 2050, which might sound fine in unicorn land, but for the people who need reliable energy on a cloudy, windless day, we might actually want to have gas or coal or nuclear. By the way, all of this subsidizes the heck out of China.…
Source
govinfo.gov




