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Brandon Gill Presses Experts About The ‘Importance Of Repealing IRA Green Energy Subsidies’
Forbes Breaking News
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5/29/2025
During a House Oversight Committee hearing before the congressional recess, Rep. Brandon Gill (R-TX) questioned experts about the consequences of green energy subsidies and the Inflation Reduction Act.
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00:00
Thank you. And I now recognize myself for five minutes. And thank you to the witnesses
00:07
for taking the time. We really, really sincerely appreciate it. Mr. Lieberman, the one big
00:13
beautiful bill phases out the IRA and its harmful green energy subsidies. While phasing
00:21
these subsidies out, I think is a great start. I think ideally we'd repeal these immediately.
00:27
We ran on repealing the Green New Deal. Every single Republican ran on repealing the Green
00:33
New Deal. I think it's about time that we actually execute on that promise. Can you
00:37
elaborate on the importance of repealing IRA green energy subsidies?
00:43
Yes. The same army of lobbyists that gave us the Inflation Reduction Act will be back whenever
00:49
those phase-out deadlines come, asking for extensions. I was on the Hill for several
00:56
years. I had dozens and dozens of meetings with lobbyists for subsidized alternative energy
01:01
companies, always asking for more, raising the caps, extending the deadlines. It never
01:07
happened that one of them came to me and said, we're not an infant industry anymore. You can
01:11
end the subsidies. There's always a demand for more. And it's very tough to stop these
01:17
things. As you know full well, there's so many must-pass bills that these things can be slipped
01:22
into every year. So phasing them out is really not phasing them out. So repeal would be far
01:28
and away the best option.
01:29
Yep. Government handouts are like a drug. Once you give them out, it's very, very hard
01:34
to pull them back. And we've seen the army of K Street descending upon Washington to keep
01:41
these handouts in place. Could you just help us understand a little bit more about how much
01:45
we might be able to save by repealing the Green New Deal?
01:49
Well, I think Dr. McBride has the numbers a little bit better than me, but it's certainly
01:53
well into the hundreds of billions of dollars in terms of reduced tax credits and other subsidies.
02:06
And then there's the additional effects. So many of the favored energy sources and technologies
02:13
have problems of their own that will impose costs. So best to stop these bad ideas in the bud.
02:22
Right. Could you walk us through how some of these subsidies have distorted the energy market?
02:27
Well, for example, when wind and solar are very heavily subsidized, that's what's going to be built.
02:35
And that's fine on a sunny day, on a day where the wind is blowing at an ideal speed. But there will
02:44
be those times where you need backup power. But there's no incentive really for that backup power.
02:49
Who wants to spend on a natural gas plant that has to sit idle and yield to wind and solar and only
02:56
turn on and be able to sell energy for those moments where a blackout needs to be avoided.
03:03
It's not a winning economic business model. And that's, I think, something that's true throughout the
03:09
Inflation Reduction Act. It doesn't ban gasoline-powered vehicles. It doesn't ban natural gas facilities.
03:15
But it so heavily subsidizes the alternatives that it greatly discourages these things. And as you say,
03:22
it distorts the markets. Have you seen similar dynamics where Washington began spending money
03:28
or doling taxpayer dollars out to different private entities or special interests? And then
03:33
once we tried to pull them back, you saw that same dynamic of special interest lobbying Washington
03:39
to keep their handouts in place? Well, you see it in the Inflation Reduction Act itself. Many of
03:44
the tax credits were ones that in some cases began in the 1990s and have been extended many,
03:51
many times. So there's a long history of these tax credits. Once they're established and once
03:57
there's a concentrated group of companies that benefit from them, they're going to lobby hard
04:03
to keep them. So, yeah, there's a long history of it being difficult to ever phase something out
04:11
unless you repeal it when the opportunity arises. Yep. And Democrats love to claim that these
04:16
subsidies benefit working class Americans. We have IRS data that found that $5.5 billion of the
04:24
approximately $8.4 billion in tax credit claims doled out for residential energy tax credits came
04:31
from filers earning more than $100,000 a year annually. I'd love to hear your opinion. Again,
04:37
do you believe that these tax credits benefit wealthy Americans at the expense of our working class?
04:43
The priorities in the Inflation Reduction Act are simply not the priorities of most working Americans.
04:51
The bottom 60 percent of households take advantage of 10 percent of the tax credits. And with regard to
04:57
something like electric vehicles, keep in mind upwards of 40 percent of American households are single
05:03
vehicle households. They either don't want or most likely can't afford multiple vehicles. Ask yourself,
05:08
does an EV can really be that one go-to vehicle? And the answer is no. Upwards of 90 percent of EVs
05:17
are part of multi-vehicle and wealthier families. And a lot is true of many of these other subsidized
05:28
appliances and other things that just don't make sense for most working folks, which is why they
05:33
needed to be subsidized. Yep. Thank you, Mr. Lieberman. And I now recognize the gentle lady from Arizona,
05:39
Ms. Ansari.
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