Here Are All The Green New Deal Handouts Democrats Wedged Into Their $3.5 Trillion Budget

• Democrats have inserted numerous provisions and subsidy programs into their $3.5 trillion budget that would benefit green energy companies and speed the transition to renewables.
• “The whole thing is ridiculous,” Myron Ebell, the director of the Center for Energy and Environment at the Competitive Enterprise Institute, told the Daily Caller News Foundation. “It would be laughable except it’s not laughable because it’s going to have tremendously negative economic consequences.”
• The budget would include a credit worth as much as $12,500 for consumers who purchase a new electric vehicle, $2,500 for electric motorcycles purchased and even $1,500 for electric bicycles, according to Ebell.
• A key part of the budget is the $150 billion Clean Electricity Performance Program — the centerpiece of the bill’s climate agenda — which would incentivize energy companies to produce fewer emissions through a series of grants and fees . Democrats have inserted numerous provisions and subsidy programs into their $3.5 trillion budget that would benefit green energy companies and speed the transition to renewables.

  The Build Back Better Act would invest an estimated $295 billion of taxpayer money into a variety of clean energy programs in what would amount to the most sweeping climate effort passed by Congress, accordingto a House Committee on Energy and Commerce report. That price tag doesn’t factor in the other costly measures approved by the House Ways and Means, Agriculture, Natural Resources, Oversight and Transportation committees last month.

  “This bill is crammed with green welfare subsidies, specifically for corporations and the wealthy,” House Ways and Means Ranking Member Kevin Brady told the Daily Caller News Foundation in an interview.

  “They are extending and creating a whole host of green energy tax credits such as electric transmission property, zero emissions facilities and clean hydrogen,” the Texas Republican continued. “These are no longer merely tax credits, which count against the taxes you owe. These are direct pay. In effect, they’re government checks from Washington.”

  The credits Brady referenced would incentivize the development of new transmission lines delivering renewable energy nationwide, reward facilities that produce zero or net negative carbon emissions and offset major costs associated with producing clean hydrogen power. But thesesubsidies represent a small portion of the giveaways packed into the legislation.

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