Volts Trump's big bill: How bad is it and what comes next?
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Jul 11, 2025 Dive into the controversial 'Big Beautiful Bill' and its fallout on the Inflation Reduction Act. Experts dissect the implications for police and healthcare, while reflecting on the evolving climate politics. Key provisions of energy tax credits are examined, revealing bipartisan support amidst new supply chain challenges. The discussion navigates legislative outcomes and their impact on clean energy incentives, offering insights into the future of climate policy and advocacy strategies.
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Impact of the Inflation Reduction Act
- The Inflation Reduction Act (IRA) was the most ambitious climate legislation globally at its time.
- Approximately 80% of its emissions reductions came from a few key tech-neutral tax credits.
Unexpected Survival of IRA Provisions
- Despite political shifts, many chunks of the IRA remained intact after Republicans secured an electoral trifecta.
- The preservation of these credits under new leadership was unexpected and notable in climate politics history.
Rise of Ferocious Partisanship
- Bipartisan shifts usually don't lead to total repeal but often significant partisan reversals as seen recently.
- This intense partisanship that overrides all else is a relatively new and harmful phenomenon in politics.