Texas Poised to Lose Billions in Investment if Donald Trump Elected
S E E D E D C O N T E N T
T exas and other Republican states that benefit disproportionately from the Inflation Reduction Act (IRA) would lose billions of dollars of investment in their economy were Donald Trump to be re-elected in November and seek to repeal the landmark Biden administration deal.
In November, a Trump campaign official told the Financial Times the former president would "cut a lot of that spending" if he wins, while in February allies of Trump indicated the IRA was firmly in his crosshairs—with Myron Ebell, a climate change denier who led Trump's Environmental Protection Agency transition team, telling the Guardian he would "undo everything Biden has done."
However, experts say that not only would repealing the act—which was passed in 2022, and provides $500 billion in investment for infrastructure necessary for a transition to a green economy—be hard to do, but would likely see states like Texas lose out economically to foreign countries like China, and could inadvertently keep the price of domestic fossil fuels higher.
"The Inflation Reduction Act is really industrial policies sort of masquerading as climate policy—and we've seen this wave of new manufacturing," Doug Lewin, a leading consultant on the energy industry in Texas, told Newsweek . "This is really starting to give us a share in the United States of the clean energy economy."
According to analysis by energy consultancy RMI, Texas benefits the most from the IRA; by 2030, it will have received $131 billion in investments.
It is also among GOP states which will receive the most per-capita funding, including Wyoming ($12,300 per person by 2030), North Dakota ($10,700 per capita) and West Virginia ($9,100 per capita).
LINK TO SEEDED ARTICLE: https://www.msn.com/en-us/news/politics/texas-poised-to-lose-billions-in-investment-if-donald-trump-elected/ar-BB1j9HsW?ocid=hpmsn&cvid=839c795dfe014551ab0b670d6291bff4&ei=8
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Oops, might need to rethink this one, Walking Eagle.
You're asking him to hurt himself
You're asking him to hurt himself
Indeed, I am.
dementia don still thinks obama is president...
yup, didn't the moron say so the other day in one of his diarrhea of the mouth offerings (basically anything it utters)? for the 3rd time I believe?
he had another gaffe fueled weekend in the media. he's turning into the perfect GOP candidate, brain dead...
He is since he has repeated it more than once.
every time he strays from the teleprompter, he sounds more like a babbling moron. I wonder what meds he takes to keep breathing...
There was a clip on TV this morning showing trump slurring his words repeatedly during his speeches over this past weekend. It doesn't matter iif he's reading from the teleprompter or not
[deleted sweeping generalizations]
And then we'll also see the Republicans who voted against the bill, but still rushed out in front of cameras to ask for congratulations to bring in all those jobs say they were right to vote against it.
What!!! righties being hypocrites, impossible. /s
they no longer feel any shame by their own hypocrisies...
Did they ever?