Report Finds One Of Biden’s Favorite Green Industries to Miss 2030 Target by Years Despite Billions In Subsidies

Offshore Wind Farm

Offshore wind is likely to miss the Biden administration’s 2030 target for the industry despite receiving billions of dollars of subsidies, according to a Tuesday American Clean Power Association (ACP) report.

The administration has a stated goal of having the offshore wind industry provide 30 gigawatts (GW) of power by 2030, but the ACP report projects that capacity will only reach about 14 GW by then. The Biden administration has subsidized the industry to the tune of billions of dollars since assuming office in 2021, but those efforts appear unlikely to put the 2030 target in reach until at least 2033, per ACP’s analysis.

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Commentary: The Consequences of Delaying Offshore Oil and Gas Lease Sales

Offshore oil rig

Offshore drilling has been a cornerstone of global energy production since the 1800s, fueling the American way of life and powering the global economy. From the early days of “on-water-drilling” to the advancement of the fixed platform units of today, offshore drilling has consistently contributed around 30 percent of global oil production. In the U.S., supply on federal offshore lands in the Gulf of Mexico alone accounts for approximately 15 percent of total crude oil production.

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Biden’s Signature Bills are Pumping Billions into Swing States as 2024 Elections Draw Near

President Joe Biden

President Joe Biden’s signature pieces of legislation are routing billions of dollars into swing states, but pundits are not convinced that the money will make much difference in November’s elections.

The bipartisan infrastructure law of 2021, the CHIPS Act and the Inflation Reduction Act (IRA) have cumulatively routed billions of dollars to battleground states over the course of Biden’s first term. The Biden campaign is running swing state ads to promote the funding and projects that Biden’s legislative agenda has created, but state and national pundits told the Daily Caller News Foundation that the benefits are unlikely to be a decisive factor in states like Arizona, Michigan and Pennsylvania.

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Pennsylvania U.S. Sen. Bob Casey Declares it ‘Impossible’ to ‘Bring These Prices Down’

Sen. Bob Casey

Video surfaced on Friday of U.S. Senator Bob Casey (D-PA) declaring in a political event that it will be “impossible” to lower prices that have increased since President Joe Biden entered the White House.

“I’m not proposing that we’re going to be able to bring these prices down. That’s impossible,” Casey acknowledged in a video posted by Donald Trump Jr. to the social media platform X.

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Commentary: If Republicans Want Better Legislative Outcomes, Trump Needs to Win Greater Majorities by Playing for the Popular Vote

Donald Trump at rally

Since 1960, Democrats have won the popular vote in 10 out of the last 16 presidential elections, and thanks to a combination of historical realignment (beginning during the 1930s), presidential coattails and the incumbency advantage, have also won U.S. House majorities in 11 out of those 16 contests, oftentimes with super majorities.

The modern story over U.S. House control, and therefore legislatively shaping the society of laws we live in presently, begins in 1932 when Franklin Roosevelt and Democrats utterly crushed Herbert Hoover’s reelection bid, winning 57.4 percent of the popular vote and 42 states to Hoover’s meager 39.6 percent and 6 states.

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‘The Swamp is Getting Deeper’: EPA Awards Billions from Biden’s Landmark Climate Bill to Organizations Loaded with Democrat Insiders

President Biden signing a bill

The Environmental Protection Agency (EPA) awarded nearly $14 billion Thursday to three organizations with deep ties to the Biden administration and the Democratic Party.

The EPA announced the winners of $20 billion of funding from the massive Greenhouse Gas Reduction Fund (GGRF), a program created by President Joe Biden’s signature climate bill, the Inflation Reduction Act. Among the selected awardees are Climate United, the Coalition for Green Capital and Power Forward Communities, three groups that are taking home almost $14 billion combined to establish financing operations for a wide variety of green technology and energy projects under the GGRF’s National Clean Investment Fund.

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Virginia Farmers May Receive USDA ‘Climate-Smart Agriculture’ Funds up for Grabs

Farmer Working

Virginia agricultural producers may stand to receive more funding from the Department of Agriculture’s Regional Conservation Partnership Program, as the organization announced another $1.5 billion is available for eligible conservation and climate projects throughout the country.

The program looks to help producers implement “climate-smart agriculture,” or farming practices that replenish natural resources and minimize climate change. This latest tranche of funding comes from the Farm Bill and the Inflation Reduction Act, which the Biden administration has dubbed the “largest climate investment in history.”

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Nashville, Memphis, and Chattanooga Will Receive Federal Funds Through Bloomberg’s American Sustainable Cities Initiative to Lobby for Billions from Biden’s Federal Slush Fund

Mike Bloomberg

Bloomberg Philanthropies announced on Tuesday that three Tennessee cities will take part in an initiative that would use federal funds provided by the Biden administration.

Nashville, Memphis, and Chattanooga were selected for the organization’s American Sustainable Cities Initiative, which stated its focus would be on creating economic equity and green energy jobs, according to a Tuesday news release from Bloomberg Philanthropies. Mike Bloomberg, the former Democratic New York Mayor, founded Bloomberg Philanthropies.

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Green: Taxpayers’ $3 Billion Supplying Clean Ports Program

NC Port

The Biden administration’s choice for zero-emissions operations in America’s ports was boosted Wednesday with the opening of applications for $3 billion from taxpayers in the Clean Ports Program.

Equipment and infrastructure needs can be met that “reduce mobile source emissions at U.S. ports,” a release from the U.S. Environmental Protection Agency says. EPA Administrator Michael Regan was in Wilmington, N.C., alongside Gov. Roy Cooper, whose administration he previously worked in, to make the announcement.

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Chinese Solar Companies are Gearing Up to Cash in on Biden’s Signature Climate Bill

Solar Panel Installation

Chinese solar manufacturers are building factories in the U.S. to reap American subsidies created by the Inflation Reduction Act (IRA), President Joe Biden’s signature climate bill, according to The Wall Street Journal.

Companies based in China are responsible for about 25% of the 80 gigawatts in new solar manufacturing capacity announced in the U.S. since the IRA became law in August 2022 and established robust tax credit programs to incentivize domestic green energy production, according to the WSJ. Assuming that the factory construction and expected outputs announced by these China-based solar companies stay on schedule, they could reap a combined $1.4 billion worth of value from IRA subsidies each year.

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AARP Spent Millions Advocating for New Laws That Likely Benefit a Major Corporate Backer

Old Person

AARP, an organization that represents the interests of retired Americans, spent tens of millions of dollars promoting provisions in the Inflation Reduction Act (IRA) that likely benefit the bottom line of one of the group’s major corporate backers.

AARP spent more than $60 million between 2019 and summer 2022 advocating for a provision that eventually made it into the IRA allowing Medicare to negotiate with pharmaceutical companies over the prices of certain drugs, according to an article posted on the group’s website. The provisions would require the Department of Health and Human Services (HHS) to negotiate the prices of certain drugs with drug manufacturers starting in 2026.

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Biden Admin Doles Out $600 Million to Activist Groups, Universities for ‘Environmental Justice’

Climate Protest

The Biden administration is shelling out $600 million in taxpayer funds to grantmaking organizations to distribute for “environmental justice” projects all across the country, the Environmental Protection Agency (EPA) announced Wednesday.

The funds will go to 11 different organizations, which include universities and left-wing groups that focus on advancing social justice causes in addition to their environmental advocacy, according to the EPA’s announcement. Each of the recipients will in turn use the money to provide sub-grants to local organizations to pursue thousands of “environmental justice” projects like environmental jobs training programs and “healthy homes” initiatives.

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Biden Admin Unveils New Green Subsidy Guidelines That Could Allow China to Cash In

The Biden administration released proposed rules for green manufacturing tax credits on Thursday, leaving the door open for Chinese firms to capture their value.

The proposed guidance, released by the Treasury Department, clarifies the eligibility requirements for Inflation Reduction Act (IRA) subsidies meant to incentivize domestic manufacturing of products like solar panels and electric vehicle (EV) parts, according to its text. The guidelines do not include restrictions on entities linked to adversarial foreign countries, and they would allow for China-tied companies to capture the value of tax credits if they establish operations in the U.S. that meet all other eligibility requirements.

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Biden-Favored EV Bus Maker Proterra Goes Bust and Leaves a Trail of Broken and Irreparable Buses

Across the country, towns and cities of various sizes envisioned an electrified public transit system that could shuttle residents with vehicles that produced no carbon-filled exhaust.

Many of those communities purchased buses from Silicon Valley-based Proterra, which was able to produce 550 buses over its 19-year existence before it went bankrupt in August.

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Biden Energy Department Ill-Prepared to Combat Fraud as it Spends Billions on Infrastructure

The U.S. Energy Department faces major management challenges ranging from hacking vulnerabilities to foreign espionage and could create “massive new risks to the taxpayer” as it spends tens of billions of dollars in new spending from President Joe Biden’s signature infrastructure initiative, the agency’s internal watchdog warns.

The Office of Inspector General offered a stark assessment of the department under Secretary Jennifer Granholm, pointedly warning losses from fraud in the current infrastructure spending could mirror that seen during the COVID pandemic, where taxpayers now lost an estimated $200 billion government wide.

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Biden Admin Preparing to Finalize Barrage of Methane Regulations

The Biden administration is gearing up to finalize a host of emissions rules and regulations in the coming months, E&E News reported Wednesday.

The rules and regulations are all focused on methane, a greenhouse gas that is more potent, but dissipates more quickly, than carbon dioxide, and align with the administration’s commitment to attacking climate change with a “whole-of-government” response. The Biden administration is aiming to finalize the slew of methane regulations in the coming months ahead of the 2024 election, which would make the rules more difficult for a potential Republican administration to scrap should President Joe Biden lose, according to E&E News.

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New IRS Guidelines for Electric Car Tax Credit ‘Recipe for Fraud,’ Tax Watchdog Warns

EV Charging Station

New Internal Revenue Service (IRS) guidelines for the federal electric vehicle (EV) tax credit are a “recipe for fraud,” warns the head of the Tax Foundation.

Consumers will now be able to automatically claim the tax credit at the point of sale on new or used EV purchases, rather than wait to claim it on their tax return, according to the latest Treasury Department guidance.

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‘Too Favored to Fail:’ Taxpayers Bailout Biden’s Green Friends

While America struggles to buy groceries, President Joe Biden has a green slush fund worth billions of dollars, and he’s not afraid to use it.

Recent revelations uncovered that the CEO and lobbyists of Rivian, an electric vehicle manufacturer, held a quiet meeting at the White House with Biden’s Climate Czar, John Podesta. That’s right, the same John Podesta who served as chairman of Hillary Clinton’s ill-fated 2016 presidential campaign before being pulled from the ranks of profitable green consulting to oversee distribution of $369 billion from the Inflation Reduction Act (IRA).  Biden selected a political operative with green company ties to dole out the goodies from one of the largest slush funds in history. Now green CEOs who are hemorrhaging cash are beating a path to his White House office, presumedly with hat in hand.

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Pennsylvania Set to Receive $4 Million for Rural ‘Renewable Energy’ Projects

On the heels of $22 million in federal cash for energy efficiency projects, Pennsylvania will get another $4 million more.

The U.S. Department of Agriculture announced that $3.6 million will support another 30 projects for efficiency upgrades and renewable energy projects “to lower energy costs, generate new income, and strengthen the resiliency of their operations in rural Pennsylvania.”

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The Cost of Covering American Roads with EVs Is Raising Some Big Speed Bumps

With the passage of the Inflation Reduction Act in 2022, the federal government boosted tax credits, hoping to help American consumers wary of the higher sticker prices for electric vehicles (EVs) to warm up to them. In a further push, in May of this year, the EPA proposed emissions standards on new vehicles that are designed to make 60% of all new vehicle sales to be electric powered by 2030.

The automotive industry responded eagerly to the push for EVs, pledging to transform large portions of their business over to electric lines. A Reuters analysis in October 2022 estimated that 37 global automakers were planning $1.2 trillion in investments in EVs, batteries and materials for the transition through 2030.

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Commentary: ‘EV’s for Everyone’ Mandates are Politically Risky and Practically Disastrous

If we could imagine a time machine bringing to New York City, an American citizen from the 19th century, odds are the one thing that would seem the most amazing about our time would be the proliferation of the personal automobile. Big buildings, big cities, roads, nighttime illumination would all be imaginable, even if different looking and greater in scale. But the one thing radically different about modern daily life is the convenience and freedoms that come from a car.

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Commentary: Turns Out The IRS Is After You, After All

When it was first revealed that the so-called “Inflation Reduction Act” provided funding for 87,000 new IRS agents, Biden administration officials told Americans not to worry. They promised at every turn that these agents would only be set upon those earning over $400,000 a year.

But the Act has done nothing to reduce inflation, so it’s hardly surprisingly to learn now that an army of IRS agents has the middle class in its crosshairs.

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Commentary: Voters Will Reject Inflation Reduction Act’s Assault on Medicare

In the last few weeks, House Subcommittees have conducted important hearings on President Joe Biden’s implausibly named “Inflation Reduction Act” and its assault on Medicare.

The law is an assault on Medicare because it violates a core promise of the program – that in exchange for paying a special payroll tax your entire working life, the program will be there for you when you are older.

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Kyrsten Sinema Lays Out Unorthodox ‘Path to Victory’ in Swing-State Arizona

Independent Sen. Kyrsten Sinema of Arizona argued her “path to victory” to reclaim her Senate seat in 2024 would be to garner more support from Republicans than Democrats and win the majority of independent voters, according to a donor memo reported by NBC News on Monday.

Sinema has yet to launch a reelection bid, but could face Democratic Rep. Ruben Gallego and former Republican gubernatorial nominee Kari Lake, who is inching toward a campaign, in a general election next year. The senator’s memo argues that if she runs for another term, Sinema could secure the seat with  60 percent to 70 percent support from independents, as well as 25 percent to 35 percent of Republicans and 10 percent to 20 percent of Democrats, according to NBC News.

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DeSantis Turns Down Millions in Incentives from Biden’s Signature Climate Bill

Republican Florida Gov. Ron DeSantis has effectively rejected nearly $350 million dollars from the Inflation Reduction Act (IRA) designated for use in Florida, according to Politico.

The IRA, President Joe Biden’s signature climate spending bill, sets aside money for rebates for consumers to buy more efficient appliances that the Biden administration is pushing and to help low-income individuals buy solar panels for their homes, according to Politico. DeSantis and the Florida legislature have effectively refused $3 million set aside for cleaning up pollution, $5 million in federal funds to set up the appliance rebates program and $341 million to actually fund that program.

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Biden Peddles Policy Success in Badger State; the Numbers Tell a Different Story

On the one-year anniversary of the ill-named Inflation Reduction Act, President Joe Biden paid a call on Milwaukee to sell his tax-and-spend policies that the White House likes to call “Bidenomics.”

But a lot of Badger State residents who have seen their earnings swallowed up by the inflation fueled in no small part by “Bidenomics” aren’t seeing the benefits the president is touting.

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2024 Presidential Hopefuls Address Questions About the Future of the EPA and Biden Administration’s Climate Legislation

Several 2024 Republican presidential candidates would defund the Environmental Protection Agency (EPA) and repeal President Joe Biden’s signature climate law if elected, they told the Daily Caller News Foundation.

Gas prices are rising, power plants are closing and regulations are impacting internal combustion engine vehicles and appliances like water heaters. Along with slashing the EPA and repealing the Inflation Reduction Act (IRA), many GOP hopefuls also pledged to withdraw from the United Nations Paris Climate Agreement if they secure the White House in 2024, several candidates told the DCNF.

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One U.S. Solar Company Poised to Rake in $11 Billion in Subsidies

U.S.-based solar panel manufacturer First Solar may receive up to $11 billion in subsidies from the government thanks to the Inflation Reduction Act (IRA), according to The Wall Street Journal.

The company expects to receive up to $710 million in subsidies this year alone, which is an amount equivalent to nearly 90% of its predicted operating profit for this year, according to the WSJ. Philip Shen, managing partner at investment bank Roth Capital Partners, estimates that the IRA may end up giving First Solar up to $11 billion in subsidies over the course of the next decade.

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Effective Immediately: IRS Ends Unannounced Visits to Taxpayers

The IRS on Monday said it is ending its decades-long practice of agency revenue officers making unannounced visits to taxpayers, citing concerns over agent safety and an increase in scammers. 

Unarmed agency employees would visit homes and businesses to collect unpaid taxes and unfiled tax returns. Except for a few unique circumstances, unannounced visits will immediately end and be replaced with mailed letters for taxpayers to schedule meetings, the IRS said.

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Biden Admin to Spend Nearly $1 Billion on Green Upgrades for Fed Buildings

The Biden administration will spend nearly $1 billion upgrading more than 100 federal buildings with green technology like heat pumps and solar panels, using funds from the Inflation Reduction Act (IRA), The Washington Post reported on Tuesday.

The General Services Administration (GSA) — which manages the U.S. government’s properties —  is planning to make 100 federal facilities all-electric and 28 net-zero emissions, on a budget of $975 million,  according to The Washington Post. The GSA is hoping that will attract roughly another $925 million in private sector investment, bringing total funding to roughly $1.9 billion, in an effort to revamp 40 million square feet of federal property, which is roughly 20% of all buildings managed by the GSA.

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Kemp Says $4.3 Billion EV Battery Plant in Georgia Touted by Ossoff Was ‘Previously Announced’

LG Energy Solution and Hyundai Motor Group plan to jointly build a $4.3 billion electric vehicle battery plant in Georgia, an investment U.S. Sen. Jon Ossoff, D-Georgia, said was possible because of incentives included in the Inflation Reduction Act.

However, a spokesman for Georgia Gov. Brian Kemp disputed that assertion saying it’s part of a previously announced investment that predates the federal legislation.

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Commentary: BlackRock’s Larry Fink and the New Post-ESG Realism

As regular as the turn of the seasons, each January sees Larry Fink, founder and CEO of BlackRock, the world’s largest asset manager, publish a lengthy letter on the state of the world and its implications for finance and investors. This year, January turned to February, and still no letter. Instead, February saw Tim Buckley, CEO of Vanguard, global number-two asset manager, give a groundbreaking interview explaining Vanguard’s decision late last year to quit the Net Zero Asset Managers (NZAM) initiative, which had been formed ahead of the 2021 Glasgow climate conference to reallocate capital in line with net zero emissions targets.

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Youngkin Felt Rejected Ford Battery Plant Deal Was ‘Deceptive’ Effort to Dodge Intent of Inflation Reduction Act

RICHMOND, Virginia – Governor Glenn Youngkin said Thursday that he felt that Ford’s partnership with Contemporary Amperex Technology Co., Ltd. (CATL) to build a battery factory potentially sited in Virginia seemed like an effort to dodge the intent behind the Inflation Reduction Act, and accused The Richmond Times-Dispatch of ignoring facts in reporting on his decision to block the economic development opportunity from going forward in the Commonwealth.

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Chinese Communist Party-Linked Solar Panel Company Could Reap ‘Inflation Reduction Act’ Handouts with U.S. Factory

JA Solar, a Chinese green energy giant whose chairman is tied to the Chinese Communist Party (CCP), has leased a plot of land in Phoenix, Arizona, to construct a $60 million solar panel factory that is poised to benefit from huge green energy tax incentives included in the Inflation Reduction Act (IRA).

Jin Baofang, chairman and CEO of the Bejing-based company, said that he had been a CCP member for 40 years during a 2020 interview with the Chinese state-run newspaper “The Paper.” The JA Solar factory, which could take advantage of the green energy tax credits included in the Inflation Reduction Act (IRA), will create 600 jobs and use automated assembly lines to manufacture 2 gigawatts’ worth of solar panels annually once it becomes fully operational, according to a Tuesday Arizona Commerce Authority press release.

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Commentary: With New Pricing Law, the Feds Can Make Drug Firms Offers They Really Can’t Refuse

President Biden has promised that the $740 billion Inflation Reduction Act, signed into law this August, will “lower the cost of prescription drugs and health care for families” thanks to provisions that allow the Department of Health and Human Services to negotiate the price of some medications directly with pharmaceutical companies. 

Critics are decidedly less enthusiastic. They say the IRA’s new drug price provisions are more akin to government price-fixing than negotiation – an unprecedented power grab in health care. 

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Commentary: On Her Way Out, Pelosi Threatens Year-Long Continuing Resolution of ‘Last Resort’

“[A]s an appropriator myself, left to their own devices, the Republicans and Democrats in a bipartisan way on the Appropriations Committee can reach a solution. But sadly we have no choice if they can’t that we would have to have a year-long [continuing resolution].”

Outgoing House Speaker Nancy Pelosi (D-Calif.) has issued an ultimatum to House and Senate negotiators of the year-end omnibus bill that either they “reach a solution” or else the House will “have no choice” but to just pass the same omnibus bill they passed last year via a year-long continuing resolution until Sept. 30, 2023, effectively freezing federal spending.

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REVIEW: The Book Climate Industrial Complex Doesn’t Want You to Read

When it comes to environmental policy, the only “solutions” coming from liberal politicians activists involve radically restructuring society and centralizing more power in the government — while, of course, handing out billions in tax dollars to politically-favored special interests.

Whether it’s the Paris climate accords, Green New Deal or the recently-passed Inflation Reduction Act, these political schemes to remake the economy often end up enriching the climate industrial complex and empowering unelected, unaccountable bureaucracies.

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Commentary: The U.S. Senate’s ‘Spendthrift Seven’ Are the IRS’ Best Friends

August 7 was a big day for the Spendthrift Seven. In just 12 hours, these Senate Democrats — all facing re-election Tuesday — gave the middle finger to middle-class taxpayers, hugged illegal aliens, and high-fived the IRS.

Arizona’s Mark Kelly, Colorado’s Michael Bennet, Connecticut’s Richard Blumenthal, Georgia’s Raphael Warnock, Nevada’s Catherine Cortez Masto, New Hampshire’s Maggie Hassan and Washington’s Patty Murray did these things while the Senate considered President Joe Biden’s deceptively titled, 273-page Inflation Reduction Act (IRA). Their votes should appall every American.

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Kiggans and Luria Trade Blows on Abortion, Economic Policy

Representative Elaine Luria (D-VA-02) and challenger Virginia Senator Jen Kiggans (R-Virginia Beach) faced off in a Wednesday debate hosted by the Hampton Roads Chamber of Commerce. While many of the debate questions were more business-focused, the two candidates took repeated swings at their opponents’ weak points. Kiggans attacked Luria for aligning with Democrats and cited the economic impacts of their policy, and Luria warned that if elected, Kiggans would take a hard line on abortion and other reproductive issues.

The moderator asked Luria how she felt about the end of the Atlantic Coast Pipeline and what the district should expect from Luria on energy. She responded by emphasizing the importance of nuclear power and added, “What they can expect from me: offshore wind development. You know, we’re not going to wake up tomorrow and stop using oil and natural gas. Of course we need adequate transmission of oil and natural gas to support our industry in the area.”

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Blake Masters Receives Endorsement from Former Senate Candidate Opponent Jim Lamon

Arizona Republican Senate nominee Blake Masters has received an endorsement from a former opponent, Senate candidate, veteran, and businessman Jim Lamon.

“We need to elect a conservative Republican who will vote for American values, secure our border, lower inflation and combat crime – on November 8th, join me in voting for Blake Masters,” said Lamon. “I am supporting Blake because Joe Biden and Mark Kelly have been a disaster for America and our great state. We must stop their Marxist agenda and put America and Arizona first.”

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