Debt Ceiling Proposal Would Wreck the Clean Energy Economy

WASHINGTON, D.C. – In response to Speaker McCarthy’s list of demands to raise the debt ceiling, Rewiring America released the following statement from CEO Ari Matusiak.

“House Republicans are writing the roadmap for American decline. Their proposal takes direct aim at the Inflation Reduction Act (IRA), the historic investment in the clean energy transition that will be the economic engine of this century.

“The passage of the IRA has already spurred hundreds of billions of dollars in private investment — which are now in jeopardy — including projects that promise over 100,000 good-paying jobs across 41 states. These investments are bringing supply chains and manufacturing back to the United States, keeping our jobs and dollars in our communities, and freeing us from reliance on foreign dictators. They position America to produce better machines for our households, a better economy for our communities, and a better climate for us all.

“The House Republican debt ceiling bill does the opposite of all of this. It exploits maintaining the full faith and credit of the United States as an opportunity to irreparably damage our growth and competitiveness. And it punishes American households, denying them dollars they can use to upgrade the machines they rely on, improve their standard of living, save money on their bills, and fight climate change.

“This isn’t just bad policy. It undermines America’s future and the health of our planet.”

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