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Inflation Reduction Act Is A $2 Trillion Lie Crushing America’s Energy and Growth

The inaptly named IRA has driven up prices, wrecked the economy, and must be repealed.

by Frank Lasee
June 02, 2025, 9:42 AM
in Electric Vehicles (EVs), Energy, Money & Finance, News and Opinion, Politics, Waste and Fraud
Reading Time: 3 mins read
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biden speaks ira signing
The Orwellian-named Inflation Reduction Act (IRA) was sold to Americans as a cure for rising prices, but it was a lie from the start. Instead of taming inflation, this monstrous law has fueled government overreach, bloated spending, and economic harm. [emphasis, links added]

As a Wisconsinite who’s spent years fighting for fiscal sanity and free markets, I’m calling on Congress to do what’s right: repeal every single word of the IRA. There’s no salvaging this disaster—it’s got to go.

Let’s cut through the noise. The IRA isn’t about reducing inflation; it’s a $1.9 trillion power grab dressed up as green policy. It funnels taxpayer dollars into unreliable wind and solar projects while strangling affordable, dependable energy like coal and natural gas.

At a time when families are struggling with high energy bills and a shaky electric grid, the IRA doubles down on weather-dependent technologies that fail when the wind stops or the sun sets.

This isn’t progress—it’s a recipe for blackouts.

Worse, the IRA supports supply chains controlled by the Chinese Communist Party (CCP). That’s right—your tax dollars are subsidizing industries that enrich our adversaries while undermining America’s energy independence.

From solar panels to electric vehicle components, the IRA hands billions to corporations cozy with Beijing, leaving small businesses and working families to foot the bill through higher costs.

This isn’t just bad economics—it’s a national security failure.

The law also works hand-in-hand with Biden-era EPA rules to force Americans into electric vehicles, whether they can afford them or not. In Wisconsin, where winters are brutal and rural roads stretch for miles, most folks don’t want or need a battery-powered car that struggles in the cold.

Yet the IRA’s incentives push industries away from what consumers want and toward what bureaucrats demand. That’s not a free market—it’s government micromanagement on steroids.

The results speak for themselves: record inflation, skyrocketing energy prices, a $36 trillion national debt, and an economy teetering on the edge.

On November 5, 2024, voters sent a clear message, rejecting Biden’s big-government agenda and demanding a return to fiscal responsibility and economic freedom.

The IRA stands as a symbol of everything they voted against: tax hikes disguised as green virtue, reckless spending that caused another downgrade of our debt and fuels inflation, and centralized control over our lives.

The IRA is rotten to its core, built on cronyism and a bait-and-switch promise of lower prices…

The IRA drives up energy costs, which will take away one of the advantages we have over other nations: low energy costs. Germany, Denmark, and the United Kingdom are suffering from deindustrialization because of their own IRA. Keeping it will do to our country what it is doing to theirs.

These countries are paying three to four times what we pay for electricity, and it’s rapidly increasing.

It will make reshoring manufacturing in a low- or no-tariff world impossible, as we have high labor costs, a robust regulatory burden, and currently comparatively low energy costs.

Some Republicans in Congress are tempted to keep parts of the IRA, cherry-picking tax credits or subsidies that might poll well. That’s a mistake we can’t afford to repeat.

The IRA is rotten to its core, built on cronyism and a bait-and-switch promise of lower prices, and keeping any of it means endorsing government-directed energy markets and corporate welfare.

That’s not conservative—it’s capitulation.

Read rest at Townhall

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Comments 3

  1. Richard Greene says:
    18 hours ago

    “IRA has driven up prices”

    Yet another conservative lie.

    The Inflation Reduction Act of 2022 was signed into law by President Joe Biden on August 16, 2022

    In August 2022, the year-over-year inflation rate in the US was 8.3% for all items.

    In April 2025, the year-over-year inflation rate in the US was 2.3%.

    The US inflation rate has generally been declining since its peak in June 2022. Both the rise and the fall were not caused by President Biden.

    Reply
    • Steve Bunten says:
      15 hours ago

      What is a lie is the liberal lie that the IRA did not cause inflation. But not surprising you would come on here to call this a conservative lie. There is nothing honest about your postings.

      Reply
  2. Spurwing Plover says:
    24 hours ago

    The title Inflation Reduction Act is a False and Misleading name it should be the End Of America Act written and sign by Traitors

    Reply

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