Heinrich floats “Inflation Reduction Act 2.0”
President Biden recently admitted that the Inflation Reduction Act was “really a climate change bill.” Other news outlets including PBS have regularly noted that “reducing inflation was not the point” of the bill in the first place. Instead, what we have is a costly and inefficient “green” boondoggle. In fact Goldman Sachs said the law will cost $1.2 TRILLION. That’s three times what Democrats have claimed.
With that, it is utterly unsurprising that not only did Sen. Martin Heinrich support the original legislation, but he has actually called for ANOTHER massive “green” spending bill similar to the IRA. He recently told the Albuquerque Journal,
An IRA 2.0.
That’s what Heinrich hopes for the future, “if we have the right stars align in Congress.”
“If you look at the IRA, it is really the culmination of the last 16 years of legislating.
Of course Heinrich’s own statement is an admission that the IRA had nothing to do with reducing inflation. The bill included a bunch of left-wing Democrat priorities that had been around for 16 years. Instead, the law is a grab bag of so-called “renewable” energy subsidies, EV charging stations (which have been extremely slow to roll out), and numerous other so-called “green” agenda items that Heinrich and the left have wanted for years.
Of course, Heinrich wants even more with a second version of the law because Heinrich’s TRUE constituency is the radical environmental groups and their aligned interests who suck up tax dollars while doing little (or worse) for the environment.
