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Washington, D.C. – Congressman Josh Brecheen and Congressman Chip Roy introduced the Energy Freedom Act. This legislation would repeal the more than 20 green energy tax subsidies created or expanded by the Biden Administration’s Inflation Reduction Act (IRA). Senator Mike Lee is currently leading companion legislation in the Senate.

“The Democrats’ so-called ‘Inflation Reduction Act’, signed into law in 2022, is nothing more than a massive, taxpayer-funded gift to green energy lobbyists and their leftist billionaire employers,” said Congressman Josh Brecheen. “Families in Oklahoma should not have to subsidize unreliable energy that makes their electricity bills more expensive and inflates other costs. By repealing these costly and reckless green energy subsidies, the Energy Freedom Act also brings us back to an energy policy that puts American workers first, and stops enriching battery and solar industries in China.”

Background:

Since its enactment in 2022, the IRA has enacted or expanded the Biden Administration’s green energy tax credits, projected to cost taxpayers between $825 billion (CBO) and over $1 trillion in the next decade (Goldman Sachs), and up to $4.7 trillion by 2050 (CATO). These subsidies entice utilities to overbuild unreliable sources of energy, driving up costs and undermining grid stability.

The Energy Freedom Act would:

• Eliminate more than 20 green energy tax credits created or expanded by the IRA for tax years beginning after December 31, 2025.

• Save American taxpayers hundreds of billions of dollars over the next decade.

• Repeal the Inflation Reduction Act’s petroleum tax.

• Protect grid reliability and lower consumer energy costs by creating a level playing field for all energy sources.

• Close loopholes that allow entities to monetize green energy subsidies.

What will happen if we don't repeal these green energy subsidies?

• Wind and solar will displace natural gas on the electric grid. In 2024 alone, solar represented 61% of all new electricity generation in our nation, with more expected this year according to the U.S. Energy Information Administration.

• The stability and independence of our electric grid will be put in jeopardy. By the end of this year, wind generation in the U.S. is expected to increase 11% from 2023 because of these green energy subsidies.

• American jobs and economic growth will be outsourced to China. It's important to note that the majority of solar components we continue to use are manufactured in China, meaning we are subsidizing Chinese industry. 

•  Estimates project the Inflation Reduction Act will cost between $825 billion—according to the Congressional Budget Office as of January 2025—and over $1 trillion, per analysts at Goldman Sachs, over the next decade.

Representatives Harriet Hageman (R-WY), Scott Perry (R-PA), Warren Davidson (R-OH), Eli Crane (R-AZ), and Barry Moore (R-AL) are the original cosponsors.

Daily Caller wrote an exclusive story on the bill, which you can read here.

Read the full text of this legislation here.

Press Inquiries: darren.dershem@mail.house.gov

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