Tag Archives: Inflation Reduction Act

economic news, environmental news

DeSantis had me … then he lost me

Just as I was feeling pretty good about Florida Gov. Ron  DeSantis’s ability to do the job to which he was elected, he then stiffs me with a petulant slap at the Biden administration’s effort to help ease the pain of Floridians suffering from the effects of Hurricane Idalia.

DeSantis wants to become the Republican presidential nominee in 2024. He took time off from the campaign trail to inform Florida residents of the things his state’s government is trying to do to protect them against the hurricane. That’s what he was elected to do, yes? Of course!

Then the GOP governor says “no dice” to President Biden’s relief effort — part of the Inflation Reduction Act — that totaled $350 million. The feds can keep the money, DeSantis said. What? But … shoot, governor, it’s money that aims to help your residents, your constituents, the people to whom you are responsible!

As Politico reports: “It’s unfortunate that some officials are putting politics ahead of delivering meaningful progress for hard working Americans,” said White House spokesman Michael Kikukawa. “Despite this, President Biden and his administration are working with cities, counties, businesses, nonprofits, and other entities in the Sunshine State to ensure Floridians benefit from the lower costs and stronger economy delivered by his agenda.”

Yeah, it’s “unfortunate.” It’s also disgusting and petulant.

The IRA contains several energy-savings provisions in it. As Politico reports: The Biden administration has explored ways around the energy rebate blockade but has come up empty so far, according to federal and state officials. The IRA was written in a way that requires the rebates to go through a state energy office. Unlike many federal laws, there is no federal fallback option or way to circumvent an obstinate governor.

Gov. DeSantis, though, will have none of it, given that it just might reflect positively on President Biden.

Joe Biden, national news

Expectations have let me down

My expectation of a transfer to smooth governance from an administration that prided itself on chaos, confrontation and confusion perhaps might have placed too large a burden on the new guys who took over in January 2021.

President Biden’s term in office so far has been anything but smooth, seamless and serene. Indeed, the administration has found itself fighting with Republicans in much the same manner its immediate predecessor fought with Democrats.

Except for one little factor that I had hoped would come into play: President Biden brought decades of legislative and government administrative experience to a task to which Donald J. Trump brought none of the above.

Silly me. I didn’t count — as I should have — on Republican obstructionism born out of the GOP’s anger over the way Democrats responded to Trump getting in the way.

But … it has.

To be sure, the president has been able to claim bipartisan victories on gun legislation and on infrastructure renovation. The number of Republican lawmakers to join their Democratic colleagues has been nominal … and that’s the nice way of saying it.

The recent enactment of the Inflation Reduction Act more or less illustrates a point I intend to make, which is that it is dangerous to govern only with the endorsement of those within your own party. Biden received zero Republican support in the House for the IRA. It took a tie-breaking vote by Vice President Harris to put the bill over the top in the Senate.

I had placed a great deal of faith in my belief that Joe Biden’s many decades in government would buy him some political capital that he could spend on behalf of our needs. My faith was misplaced, I am sorry to acknowledge.

Indeed, the president found himself in hot water with Democratic Party progressives because — and this just kills me — he boasted about how he was able to work with narrow-minded Republicans in pushing through legislation.

I continue to stand with President Biden because I believe in the crux of where he wants to lead this nation. He told us he wants us to treat each other with fairness and compassion. He wants to steer us away from the bitterness we heard daily from the four years his predecessor occupied the White House.

That’s all worth endorsing, at least in principle.

Except that Republicans continue to adhere to the politics of meanness and retribution. I hoped that a better day would have dawned by now. Maybe it will … eventually.

johnkanelis_92@hotmail.com

environmental news

Climate change: legislative target

President Biden’s recent success has prompted plenty of discussion about whether his political standing will hold up through the 2024 election, presuming he actually runs for re-election.

I want to look briefly at one aspect of Biden’s hot streak. It’s the Inflation Reduction Act and the provision contained in it that deals straight ahead with what I consider to be the nation’s most serious existential threat: climate change.

Forbes magazine has taken a good look at specific aspects of the IRA. Here is its summary of the climate change aspect of the law:

The bill includes numerous investments in climate protection, including tax credits for households to offset energy costs, investments in clean energy production and tax credits aimed at reducing carbon emissions.

Now, I have to ask: Why is any of that such a bad thing?

The Inflation Reduction Act is a slimmed-down version of Biden’s Build Back Better legislative ideal. He couldn’t get all Democrats — let alone any Republicans — to buy into the initial version of the bill. So, he settled on this dialed-back facsimile.

What I find horribly disconcerting from GOP critics is their insistence that efforts to curb carbon emissions is a “job killer.” In a way, yes, this emphasis will reduce jobs … in the fossil fuel industry. The payback, though, comes with investment in new clean-energy jobs. 

Here’s What’s In The Inflation Reduction Act – Forbes Advisor

You might recall a statement that 2016 Democratic presidential nominee Hillary Clinton said about her plan to convert to clean energy. She pledged to virtually eliminate fossil fuel jobs; her foes led by GOP nominee Donald Trump hammered her mercilessly. Except that she said in the very next sentence that she would want to replace those fossil fuel jobs with clean energy jobs.

Here’s a bit more from Forbes: Though the bill may fall short of bringing immediate price relief to consumers, it’s monumental in other ways. According to The Wilderness Society, a nonprofit land conservation organization established in 1935, the Inflation Reduction Act is described as a “breakthrough” on climate policy.

A “breakthrough on climate policy”? I agree about whether this bill bring much immediate relief on inflation. However, I am going to retain a belief that tax breaks and household incentives are going to bring immediate relief to the stresses humankind is putting on our fragile planet.

johnkanelis_92@hotmail.com