Liam Denning: Green Spending Has a New Ally: Republicans
Submitted on August 15, 2024 - 2pmHouse Republicans' resistance to green spending is waning as they face the economic impact of green investments in their districts. Speaker Mike Johnson received a letter from 18 GOP members urging him to preserve clean technology subsidies in the Inflation Reduction Act, despite many having opposed it. Their concern is that dismantling these subsidies could lead to lost jobs and unfinished projects in their areas. With a significant share of the IRA’s $200 billion investment and job growth slated for Republican districts, these members are balancing ideological stances with economic realities, especially in competitive or moderate districts.