Republican politicians are willing to raise the country's debt limit, but only if fellow lawmakers repeal the Inflation Reduction Act. Economics
that the repeals would “end the green giveaways for companies that distort the market and waste taxpayers’ money.”
McCarthy is not the only lawmaker proposing to repeal the Inflation Reduction Act. Congressman Andy Ogles in February aimed at “repealing the Democrats’ record spending.” “President Biden and his House Democrat colleagues shoved through countless spending measures to further their woke ‘green agenda,'” Ogles said at the time.
After McCarthy and the House Republicans’ plan was made public, White House deputy press secretary Andrew Batesin a memo that Republicans want to “kill over 100,000 manufacturing jobs.” Biden took to Twitter on Sunday to complain about the repeal discussion.
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