I rise today, I can say, out of frustration, out of anger, out of disappointment that our administration is continuing to break the law that we all passed and that President Biden signed, knowing full well what was in it. I am talking about the Inflation Reduction Act, the IRA. The reason I am saying this is because, in putting this bill together, at the time that we did, I made sure that everyone involved had to sign off on it. The President, the majority leader, and the Speaker knew exactly what was in the bill and the purpose of the bill. I still believe that the purpose of this bill was done in the right, proper way. I think it was a transformative bill, if we could just stay within the guidelines of how the bill was written. It is not left to interpretation, but they have interpreted. They are trying to, basically, implement a piece of legislation that they couldn't get passed, and I have said this. The purpose of the bill had three purposes. The first on the Inflation Reduction Act was to reduce our debt. We all talked about that. We have $33.8 trillion in debt today, and if everything that we do does not take that into account and we do not think about our children and grandchildren and future generations, what we are leaving them is untenable. Something has to be done. So that piece of legislation had debt reduction in it--debt reduction. It is also based on securing our energy. When the Ukraine war broke out, we were not energy secure.…
On the recordDecember 5, 2023
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