Washington In legacy mode, the White House of outgoing President Joe Biden is cautioning the incoming Republicans against undoing his greatest accomplishments.
It would be a historic shift of money from working Americans to Big Pharma and China if President Biden’s flagship policies were repealed. Senior White House spokesperson Andrew Bates writes in the subject line of a new memo that NBC News first acquired and is being sent to friends and interested parties.
The memo presents a political and economic argument against repealing Biden-era laws that Republicans and President-elect Donald Trump have targeted in significant party-line legislation they are considering for next year, particularly the Inflation Reduction Act’s clean energy and health care provisions.
According to the document, denying the American people these advantages would be a blow to our economic development and would spark a massive backlash from the populace.
In addition to offering Democrats messaging guidance, it previews the battle that will take place next year as Trump and a GOP-controlled Congress attempt to utilize the budget reconciliation process to push important aspects of Trump’s program along party lines.
“We will rescind all unspent funds under the misnamed Inflation Reduction Act,” Trump declared during his 2024 campaign.
In the 2024 elections, Republicans secured a slender House majority of 220-215 and a Senate majority of 53 seats. All Democrats can do is make it politically difficult for the GOP to cut the programs Biden and Democrats passed along party lines during his time, but they lack the votes to stop them from moving forward with a significant bill to alter tax and spending laws.
In light of this, the White House letter pointed out that the Inflation Reduction Act’s clean energy funding—the GOP’s top target for repeal—benefits many House Republicans’ districts and has contributed to the long-sought industrial revival in America.
This includes the disproportionate creation of more than 330,000 clean energy jobs in Republican-represented House districts. “We’ve already saved over 3.4 million Americans $8.4 million on clean energy upgrades to their homes, and over 300,000 Americans have saved over $2 billion upfront on [electric vehicle] purchases thanks to the Inflation Reduction Act,” Bates stated. Additionally, Medicare has already negotiated reduced prices for ten major medications, we have capped the price of insulin at $35, and more Americans than ever before have health insurance.
According to the memo, major monies for initiatives under the CHIPS and Science Act and the Inflation Reduction Act have been locked in, and more will become available over the next ten years.
Republican members of Congress who voted to block these historic accomplishments are now being caught attempting to claim credit for their advantages and even composing legal letters opposing their repeal, according to Bates.
In order to find savings to pay for an extension of the Trump tax cuts and other provisions of the GOP’s planned party-line legislation, Sen. Thom Tillis, R-N.C., a member of the Finance Committee, stated that all unused funds under the Inflation Reduction Act, as well as other Democratic-led programs, are open to cuts.
There are numerous more areas where the GOP may make changes to fund its multi-trillion-dollar endeavor, according to other Republicans.
Rep. Greg Murphy, R-N.C., a member of the Ways & Means Committee, which writes taxes and will be heavily involved in drafting the GOP measures next year, said that the good news is that there has been so much waste and wasteful spending over the past four years that it will be a target rich environment.
According to Murphy, he also supports cutting back on the Inflation Reduction Act’s Affordable Care Act subsidies, which the Biden administration has utilized to lower insurance costs for a large number of middle-class people. Unless Congress renews it, the funds will expire at the end of 2025.
He said that the ACA’s insurance company subsidies have no positive impact on health care. Much of it needs to disappear, in my opinion.
Rep. Byron Donalds, R-Fla., responded that it’s a familiar situation for House Republicans when asked whether the narrow margins could make it more difficult for them to pass the key party-line bills.
What else is novel? Donalds stated.
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