Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs Chairman Eric Burlison and Subcommittee on Health Care and Financial Services Chairman Glenn Grothman have announced a joint hearing to examine the impact of the Inflation Reduction Act (IRA) on American energy and medicine. The hearing, titled "Mandates, Meddling, and Mismanagement: The IRA’s Threat to Energy and Medicine," will focus on how the Biden Administration has used the IRA.
The lawmakers argue that the IRA has been utilized as a means to increase taxes on businesses, boost environmental spending, and threaten Medicare premiums. They claim that it has politicized spending to support the "Green New Deal" and subsidize green energy purchases for affluent households while neglecting issues such as waste, fraud, and abuse in funding allocations.
"The IRA has wasted billions of taxpayer funds to advance the Democrats’ radical climate agenda and restrict Medicare plan choices for Americans who need it most. The IRA’s energy subsidies and Medicare premium hikes could now cost American taxpayers trillions over the next 10 years unless Congress takes action to stop it. This hearing will expose wasteful spending under the IRA and investigate the ways Congress can protect taxpayer dollars from being spent on misguided, partisan priorities," stated Burlison and Grothman.
The hearing is scheduled for May 20, 2025, at 10:00 a.m. ET in HVC-210 at the U.S. Capitol Visitor Center. Witnesses include Mr. Ben Lieberman from the Competitive Enterprise Institute; Dr. Erin Trish from USC Schaeffer Center; and Dr. William McBride from Tax Foundation.
The event will be available via livestream for those unable to attend in person.
