Nearly a year after passage of the budget reconciliation law known as the Inflation Reduction Act, federal money is pouring into Biden administration programs to address climate change while congressional Republicans are doing what they can to stem the tide.
At least four of the fiscal 2024 House Appropriations bills released so far propose to rescind some funding included in the IRA, including a big chunk of a $27 billion Greenhouse Gas Reduction Fund established at the EPA.
The rescissions, targeted at the administration’s landmark effort to spend nearly $370 billion to address climate change, have drawn the ire of environmentalists. Republicans have defended them as part of their no-holds-barred campaign to reduce federal spending.
