Lawmakers Earn Recognition for their Recent Wins against the Green New Deal Proposal

The One Big Beautiful Bill Act (OBBBA), introduced by lawmakers, aims to dismantle "green" subsidies embedded in the 2022 Inflation Reduction Act (IRA). The OBBBA targets several programs within the IRA, including the Greenhouse Gas Reduction Fund, which has been criticised for functioning as a slush fund for spending on community activism and tree canopies.

The Greenhouse Gas Reduction Fund, a $27 billion program within the IRA, has been rescinded by the OBBBA. This move comes amidst allegations of corruption, waste, and abuse within the program. In fact, some nonprofits were reportedly chosen to receive millions of dollars from the fund, with one nonprofit receiving an unprecedented $8 billion.

The OBBBA also repeals numerous electric vehicle tax credits and many credits aimed at eliminating the use of natural gas in homes and other buildings. This move is part of the OBBBA's strategy to shift electricity generation away from affordable and reliable sources like coal and natural gas, towards more expensive and unreliable sources such as wind and solar.

The OBBBA targets subsidies that support unreliable and costly sources of electricity, such as wind and solar. The eligibility for the major tax credits for wind and solar projects (the production and investment tax credits) have been significantly tightened by the OBBBA. These credits won't be available for projects placed in service after December 31, 2027, unless construction on the project began by July 4, 2026.

The IRA did not receive a single Republican vote in the House or Senate. The OBBBA's actions reflect a shift towards a more conservative approach to energy and environmental policy, as the bill aims to eliminate over $1 trillion in energy and environmental subsidies.

It's important to note that no search results specify non-profit organized foundations that received over 2 million dollars under the Inflation Reduction Act for comprehensive redistribution of funds. This suggests that the OBBBA's actions may be part of a broader effort to curb waste and abuse within government spending.

In conclusion, the One Big Beautiful Bill Act (OBBBA) represents a significant shift in energy and environmental policy. By dismantling "green" subsidies in the Inflation Reduction Act, the OBBBA aims to reduce waste and abuse, shift away from expensive and unreliable energy sources, and promote a more conservative approach to energy and environmental policy.