House Passes Budget Resolution, a One-Way Ticket to Higher Energy Bills and Higher Unemployment

This evening, House Republicans narrowly passed their FY2025 budget resolution, which calls for slash-and-burn legislation to make room for a massive $4.5 trillion tax giveaway to billionaires and corporations, which would threaten clean energy investments from the Inflation Reduction Act (IRA). These potential cuts would disproportionately impact Republican-held districts, which have received approximately 80% of the $165.8 billion in private investment spurred by the IRA’s tax incentives. 

In response, Evergreen Action Executive Director Lena Moffitt released the following statement:

“The House’s budget resolution is wrecking ball aimed at manufacturing jobs across America—especially in Republican-held districts. The GOP’s plan to hand billionaires a massive tax break would likely slash clean energy job growth, end energy tax credits for solar manufacturers and consumers, and get rid of rebates for programs that help Americans save on their energy bills—gutting investments that voters overwhelmingly support

“From Georgia to Nevada, companies are investing in clean energy and creating a manufacturing boom in red and blue communities alike. Some 80% of the manufacturing investments and jobs spurred by this legislation have largely gone to red states, and slashing funding from these programs will primarily harm Republicans’ own constituents.

“If Republicans pass their extreme agenda, expensive fossil fuels would win, more affordable clean energy would lose—and Americans would pay the price. Republicans are waving the white flag on our manufacturing competition with China, abandoning innovation that is creating jobs and decreasing pollution. This resolution is a one-way ticket to higher energy bills and higher unemployment across the country.”

Last month, a new national poll from YouGov revealed broad, bipartisan support for preserving federal investments that strengthen clean energy industries and promote their use. When asked about specific programs and tax credits, voters overwhelmingly backed each by two-thirds or more, including incentives to bolster clean energy supply, rebates helping consumers save on energy bills, and investments in solar manufacturing. You can find additional key takeaways from the poll here.

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