Repealing Only Two Biden-Era Tax Credits Could Cement Permanent Pro-Growth Tax Cuts

Adam N. Michel and Joshua Loucks

When Congress passed the Inflation Reduction Act (IRA), it was told the new energy tax credits would cost about $270 billion over a decade. Revised official estimates put the cost at multiple times that amount, as much as $786 billion. But congressional scorekeepers may still be getting the long-term cost of the IRA energy subsidies wrong, and fixing this mistake is key to unlocking permanent pro-growth tax cuts.

A new Cato report by Travis Fisher...