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The surprising new climate agency
E&E News ^ | October 17, 2022 | By Robin Bravender

Posted on 10/17/2022 12:31:30 PM PDT by Oldeconomybuyer

The IRS is a climate agency now.

The massive climate and energy law enacted by Democrats in August puts the IRS at the forefront of the effort to incentivize renewable energy across the economy. Of the nearly $370 billion of climate spending in the new law, about $270 billion will be delivered through tax incentives for electric vehicles, energy-efficient buildings, solar power and other “clean” energy technologies.

“The IRS is at the center of it because the way that you get this cash that the federal government has basically earmarked for all these things is through tax credits and benefits that you get when you file your tax return,” said Lauren Collins, a partner at Vinson & Elkins LLP who specializes in renewable energy.

This isn’t totally uncharted territory for the IRS, which has long been central to the government’s efforts to subsidize favored industries and energy types through the tax code, Collins said.

What’s different this time is the massive scale of federal investments under the law Democrats have dubbed the Inflation Reduction Act.

“It has taken what we’ve always done and just hyped it up, turned the dial up to 11,” Collins said. “Now we have tax benefits for a gazillion different renewable technologies, climate-benefiting programs, green manufacturing, domestic manufacturing, electric vehicles, the list goes on.”

Meanwhile, Republicans have seized on the specter of a beefed-up IRS to campaign against Democrats in this fall’s midterm elections.

If they’re successful in winning control of the House or the Senate, they would gain more power to investigate the IRS and its role in implementing the climate law. They would have more leverage to slash the agency’s funding during budget negotiations.

The administration and its allies accuse the GOP of spreading misinformation about its plans to staff up the IRS.

(Excerpt) Read more at eenews.net ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: biggovernment; boondoggle; globalwarming; hoax; irs; propaganda; socialism; taxes

1 posted on 10/17/2022 12:31:30 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

IRS = Inevitable Resource Shortage


2 posted on 10/17/2022 12:36:36 PM PDT by who_would_fardels_bear (This is not a tagline.)
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To: Oldeconomybuyer
"....federal investments...."

1984 talk.

3 posted on 10/17/2022 1:30:31 PM PDT by Paladin2
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To: Oldeconomybuyer

The IRS is the collection agency for the Federal Reserve. Private court system too.


4 posted on 10/17/2022 1:55:56 PM PDT by dljordan
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To: Oldeconomybuyer; All
Thank you for referencing that article Oldeconomybuyer. Please note that the following critique is directed at the article and not at you.

"The surprising new climate agency"


FR: Never Accept the Premise of Your Opponent’s Argument

The delegates to the Constitutional Convention had expected popularly elected federal lawmakers to accept the risk getting kicked out of office for making laws that proved to be unpopular with ordinary citizen voters.

H O W E V E R...

Very corrupt, post-17th Amendment ratification career lawmakers long ago discovered that the trick to protecting their jobs from disgruntled voters is to unconstitutionally front-end federal legislative powers with constitutionally undefined “federal regulatory agencies,” agencies run by non-elected bureaucrats who don't have to worry about the wrath of the voters.

And what's worse is that corrupt Congress is letting so-called “federal regulatory agencies” get away with oppressing the people by not only exercising stolen state powers, but also spending state revenues uniquely associated with those powers, such revenues stolen by the feds by means of unconstitutional federal taxes.

Desperate Democrats and RINOs then seemingly makes plans to steal the next election while non-elected federal bureaucrats force the people to engage in unwanted, politically correct agendas, the constitutionally indefensible (imo) New Green Deal for example, with money and powers that feds have stolen from the people!

The next step for Trump's red tsunami of patriot supporters, including closet Democratic Trump supporters, to help Trump drain the swamp is to vote Republican for both federal and state government races in November.

5 posted on 10/17/2022 3:02:12 PM PDT by Amendment10
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