{"id":1039129,"date":"2024-08-16T13:19:58","date_gmt":"2024-08-16T17:19:58","guid":{"rendered":"https:\/\/democrats.org\/?p=1039129"},"modified":"2024-08-16T13:19:59","modified_gmt":"2024-08-16T17:19:59","slug":"on-inflation-reduction-act-anniversary-trump-vance-ticket-is-pursuing-a-project-2025-agenda-to-gut-landmark-legislation","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/on-inflation-reduction-act-anniversary-trump-vance-ticket-is-pursuing-a-project-2025-agenda-to-gut-landmark-legislation\/","title":{"rendered":"On Inflation Reduction Act Anniversary, Trump-Vance Ticket is Pursuing a Project 2025 Agenda to Gut Landmark Legislation"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Donald Trump and JD Vance\u2019s Project 2025 agenda calls to gut the Inflation Reduction Act. On the second anniversary of the IRA,<\/em> DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cIf Donald Trump and JD Vance get their way, they will follow through on their Project 2025 agenda to gut the Inflation Reduction Act and roll back the historic progress made thanks to President Biden and Vice President Harris. The Trump-Vance ticket is standing firmly against lowering costs and addressing the climate crisis \u2013 it\u2019s an extreme and out-of-touch agenda that will be a loser at the ballot box this November.\u201d<\/p>\n\n\n\n

Donald Trump and JD Vance have railed against the Inflation Reduction Act, and their Project 2025 agenda includes repealing the landmark legislation.<\/strong><\/p>\n\n\n\n

Business Insider<\/a>: \u201cFormer President Donald Trump on Friday slammed the Democratic-led climate, health, and tax bill<\/strong>, arguing that Republican Senate Minority Leader Mitch McConnell of Kentucky was \u2018taken for a ride\u2019 by Sen. Joe Manchin of West Virginia.\u201d<\/p>\n\n\n\n

Politico<\/a>: \u201cVance has said that he would like to get rid of much of the Inflation Reduction Act.\u201d<\/strong><\/p>\n\n\n\n

Business Insider<\/a>: \u201cProject 2025 and the elimination of the Inflation Reduction Act have been championed by several conservative organizations<\/strong>, all led by the Heritage Foundation, a major conservative think tank.\u201d<\/p>\n\n\n\n

WBUR<\/a>: \u201cProject 2025 also calls for the repeal of the 2022 Inflation Reduction Act.\u201d<\/strong><\/p>\n\n\n\n

Project 2025<\/a>: \u201cSupport repeal of massive spending bills like the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA).\u201d<\/strong><\/p>\n\n\n\n

Vance<\/a>: \u201cI think there\u2019s a lot of bad policy in [the IRA]. \u2026 And I\u2019d like to see a lot of it gotten rid of.\u201d<\/strong><\/p>\n\n\n\n

Vance<\/a>: \u201c[The IRA is] dumb, does nothing for the environment and will make us all poorer.\u201d<\/p>\n\n\n\n

Heartland Signal<\/a>: \u201cJD Vance opposes [the Inflation Reduction Act\u2019s] electric vehicle tax credits that will bring manufacturing, thousands of new jobs to Ohio\u201d<\/p>\n\n\n\n

Center for American Progress<\/a>: \u201cProject 2025 Prescription Drug Plan Would Increase Costs for as Many as 18.5 Million Seniors and Others With Medicare\u201d<\/p>\n\n\n\n

The Inflation Reduction Act is lowering costs for hardworking families, but Trump and Vance want to risk an \u201c<\/strong>inflation bomb<\/strong><\/a>\u201d by rigging the economy for the ultra-wealthy at the expense of the middle class again.<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cSixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump\u2019s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.\u201d<\/strong><\/p>\n\n\n\n

BBC<\/a>: \u201c[Project 2025\u2019s] economic advisers suggest that a second Trump administration should slash corporate and income taxes, abolish the Federal Reserve and even consider a return to gold-backed currency.\u201d<\/p>\n\n\n\n

Project 2025<\/a>: \u201cThe corporate income tax rate should be reduced to 18 percent.\u201d<\/strong><\/p>\n\n\n\n

The Hill<\/a>: \u201cTrump win, GOP sweep would fuel inflation<\/strong>: Moody\u2019s Analytics\u201d<\/p>\n\n\n\n

The Atlantic<\/a>: \u201cTrump\u2019s Plan to Supercharge Inflation\u201d<\/strong><\/p>\n\n\n\n

Vance<\/a> on Trump\u2019s plan that would raise tariffs and raise costs for hardworking Americans: \u201cThis is a fascinating proposal and we could talk for a while about it.\u201d<\/strong><\/p>\n\n\n\n

Vance<\/a>: \u201cThe left attacked Donald Trump for those tax cuts said they would make the deficit worse<\/strong> when in reality we took in more revenue because the government got out of the way on the regulatory side and the tax cuts spurred a lot of growth which means more people working, which meant more economic production which meant the entire economy was healthier\u2026 I think we have a pretty common sense regulatory and tax agenda.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cThe 2017 corporate tax cuts signed into law by Mr. Trump have not increased government revenue\u2026 In fact, they have had the opposite effect.\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cDonald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

Trump and Vance\u2019s Project 2025 plan to gut the IRA would roll back the largest US investment ever in addressing climate change that is helping create clean energy jobs. <\/strong><\/p>\n\n\n\n

Financial Times<\/a>: \u201cDonald Trump would gut Joe Biden\u2019s landmark IRA climate law if elected\u201d<\/strong><\/p>\n\n\n\n

\u201cDonald Trump is planning to gut US President Joe Biden\u2019s landmark climate law<\/strong>, increase investment in fossil fuels and roll back regulations aimed at accelerating the transition to electric vehicles if he is elected next year. \u2026 The Inflation Reduction Act \u2014 the centrepiece of Biden\u2019s economic strategy, with $369bn in tax breaks and subsidies for clean energy \u2014 would be in Trump\u2019s crosshairs.\u201d<\/p>\n\n\n\n

CNBC<\/a>: \u201cThe [Inflation Reduction Act], which President Joe Biden signed into law in August, is the most aggressive climate investment ever taken by Congress and is expected to slash the country\u2019s planet-warming carbon emissions by about 40% this decade and move the country toward a net-zero economy by 2050.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cBetween last August, when President Joe Biden\u2019s landmark climate bill became law, and the end of January, companies have announced more than 100,000 clean energy jobs in the US<\/strong>, according to an analysis released Monday by the nonprofit advocacy group Climate Power.\u201d<\/p>\n\n\n\n

While the IRA is lowering prescription drug costs, Trump and Vance\u2019s Project 2025 agenda and extreme congressional Republicans threaten to undo the progress made and rip away affordable health care access from millions of Americans.<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cHow Trump could weaken Medicare drug pricing negotiations\u201d<\/strong><\/p>\n\n\n\n

Daily Beast<\/a>: \u201cTrump Revives Plan to Dismantle Obamacare if Elected in 2024\u201d<\/strong><\/p>\n\n\n\n

The Hill<\/a>: \u201cOn the campaign trail, Trump has doubled down on his promise to repeal the ACA, a feat he fell one vote short of in 2017.\u201d<\/p>\n\n\n\n

NOTUS<\/a>: \u201cVance suggested repealing Obamacare would still be a priority.\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cRSC budget revives conservative health priorities\u201d<\/p>\n\n\n\n

\u201cThe Republican Study Committee today laid out a budget proposal that suggests a health policy blueprint if the GOP controls the White House and at least one chamber of Congress next year\u2026<\/p>\n\n\n\n

\u201cThe health care section \u2026 calls for killing the Inflation Reduction Act and its drug price provisions. \u2026 It would remove many of the Affordable Care Act\u2019s protections for pre-existing conditions.\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201cBiden, Harris hail Medicare drug price cuts that will save billions\u201d<\/strong><\/p>\n\n\n\n

PBS Newshour<\/a>: \u201cBiden administration strikes deal to cut prices on some of Medicare\u2019s costliest drugs\u201d<\/p>\n\n\n\n

USA Today<\/a>: \u201cInsulin $35 cap price now in effect, lowering costs for many Americans with diabetes\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Donald Trump and JD Vance\u2019s Project 2025 agenda calls to gut the Inflation Reduction Act. On the second anniversary of the IRA, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cIf Donald Trump and JD Vance get their way, they will follow through on their Project 2025 agenda to gut the Inflation Reduction […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1039129","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nOn Inflation Reduction Act Anniversary, Trump-Vance Ticket is Pursuing a Project 2025 Agenda to Gut Landmark Legislation - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/on-inflation-reduction-act-anniversary-trump-vance-ticket-is-pursuing-a-project-2025-agenda-to-gut-landmark-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-16T17:19:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-16T17:19:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/08\/image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/on-inflation-reduction-act-anniversary-trump-vance-ticket-is-pursuing-a-project-2025-agenda-to-gut-landmark-legislation\/\",\"url\":\"https:\/\/democrats.org\/news\/on-inflation-reduction-act-anniversary-trump-vance-ticket-is-pursuing-a-project-2025-agenda-to-gut-landmark-legislation\/\",\"name\":\"On Inflation Reduction Act Anniversary, Trump-Vance Ticket is Pursuing a Project 2025 Agenda to Gut Landmark Legislation - 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