President-elect Donald Trump's nominees for key cabinet positions could significantly influence the future of the Inflation Reduction Act, a landmark climate legislation passed during the Biden administration.
President-elect Donald Trump has nominated three potential Cabinet members who will likely be key to the future of the Biden-era Inflation Reduction Act, if they are confirmed by the Senate. The landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House, Senate and House of Representatives.
Trump has already nominated three people to posts in his administration who are likely to be key to the future of the IRA, if they are confirmed by the Senate: hedge fund executive, a former Trump administration official, and a Republican congressman. Any full repeal of the IRA would have to be passed by both chambers of Congress, where Republican lawmakers so far have been reluctant to completely discredit the law's benefits. House Speaker Mike Johnson, R-La., told CNBC in September that he would use the IRA 'strategically' to benefit his constituents. There's a good reason for this approach: As of late October, roughly three quarters of the clean energy investments that have been made with IRA funds benefitted congressional districts that backed Trump in the 2020 presidential election, according to a report by the Center for American Progress. But what future Trump Cabinet members would do is also 'pretty profoundly important' to the future of the massive legislation, said Tanuj Deora, a former director for clean energy at the Biden administration's Office of the Federal Chief Sustainability Officer. The agencies hold considerable power over the interpretation and implementation of the IRA's programs and incentives, like tax credits and business loans.
INFLATION REDUCTION ACT DONALD TRUMP CABINET NOMINEES REPUBLICAN PARTY CLIMATE POLICY
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