NY Times: Consumers Will Totally Save Money From IRA

I love that Democrats are referring to the Inflation Reduction Act as the IRA (when they aren’t referring to it as pretty much anything besides an inflation reduction measure), because it’s going to blow a lot of things up (not paywalled version here)

Consumers Will Benefit From Lower Utility Bills and Cheaper Home Upgrades, Energy Experts Say

spite houseThe Inflation Reduction Act that was passed by the Senate on Sunday could lower electricity bills for consumers and the prices of things such as rooftop solar panels, energy-efficient appliances and electric vehicles, Democrats and some energy experts said.

Under the legislation, a home improvement credit for energy efficiency would allow households to deduct from their taxes up to 30% of the cost of upgrades like heat pumps and insulation. Another provision extends a program that allows households that are installing solar or battery storage systems to deduct 30% of the cost of those projects from their taxes. (skipping a short paragraph on a hardcore leftist group saying it will save $1,800, which I covered here)

The package also continues an incentive for families to replace their gas-powered vehicles with electric. It extends a current $7,500 tax credit for new electric vehicles and $4,000 for a used one. Couples who earn less than $300,000 a year or individuals who earn less than $150,000 a year would be eligible for the credits, and consumers would get the discount at the dealership.

So, if you spend a hundred grand, you can save a bit, eh? Heat pumps: they cost about the same as a new AC system. Why would you replace your existing system if it still works? Also, they’re only good for certain climates. North of the Mason Dixon line they might be OK, but, not in the South and Southwest. It’s much smarter to have a split system, with an AC unit and furnace.

The average cost of installing solar panels is $18,000. Oh, sure, it will be less with federal “rebates”, but, does the average family have that cash sitting around? Then the cost of batteries. Oh, and then the cost of insulation, which had already skyrocketed while Obama was in office pushing the same thing, same with efficient windows, will go up more.

EVs? Well

Republicans said they expected the measure to drive up inflation and said the credits would not help Americans.

“They’re not into buying an electric car any time in the near future,” Sen. Marco Rubio, R-Fla., said of his constituents. “They’d like gas prices to come down because we’re producing more oil.”

The majority of EV buyers make at least $150K a year, so, upper middle class and the rich. This is not for the average American. And, that’s the end of the article. There’s nothing else about how this will lower energy bills. Zip. I’ve left just two paragraphs, the aforementioned one on $1,800 savings and

“This bill will help create jobs and lower costs for many American families,” in addition to slowing climate change, said Sen. Tom Carper, D-Del.

No one in the media seems to be asking for actual details, and the media cannot provide details themselves. It really is a giveaway to the rich at the expense of the middle and lower classes

Separately, the Times also delves into food prices, with this wonderful graphic

Yeah, it’s hilariously about upscale dining and increased costs (which never really seem to blame China for releasing COVID19). Gochujang? Scallops? Arugula? Quail?

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One Response to “NY Times: Consumers Will Totally Save Money From IRA”

  1. L'Roy White says:

    Seems those leftists are really determined to starve us, have us living without energy and after the Trump raid I would not be surprised if they assassinated the man. That’s how afraid they are of Trump, his followers and they very idea of traditional American freedom and liberty.

    The democrats are as the German civilians were. Either ignorant or deliberately refusing to see the movement to fascism. The kangaroo courts with only prosecutors. American protestors held in jail for 19 months without trial. The unenforcement of laws the left doesn’t agree with like the illegal alien invasion or the illegal protestors at SC judges homes. Hiring 87,000 new IRS agents to oppress the people especially like they did before to their political enemies. The militarization of law enforcement and the acceptance of “sanctuary states” which are nothing more than insurrections all over. The teaching of perverted sex, racism and anti Americanism and calling parents who object “whiter supremists” and terrorists.

    Remember when they’re done with Trump we’re next. Just reads what Elwood Dowd writes. He is a profit. He and they mean for our deaths and to change the US into a fascist socialist state.

    The time is coming again. We must decide to be free or slaves to those who despise us. My family have already been slaves to the democrats. I choose freedom or death.

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