On the anniversary of the Inflation Reduction Act, the Trump-Vance ticket is pursuing a Project 2025 agenda to undermine landmark legislation

Donald Trump and JD Vance's agenda “Project 2025” calls for the undermining of the Inflation Reduction Act. On the second anniversary of the IRA DNC Rapid Response Director Alex Floyd issued the following statement:

“If Donald Trump and JD Vance get their way, they will implement their Agenda 2025 to gut the Anti-Inflation Act and undo the historic progress made thanks to President Biden and Vice President Harris. The Trump-Vance team is firmly opposed to cost-cutting and tackling the climate crisis – it is an extreme and out-of-touch agenda that will be a flop at the ballot box in November.”

Donald Trump and JD Vance are vehemently opposed to the Inflation Reduction Act, and their “Project 2025” calls for the repeal of this landmark law.

Business Insider: “Former President Donald Trump criticized the climate, health and tax law introduced by the Democrats on Fridayand argued that Republican Senate Minority Leader Mitch McConnell of Kentucky had been 'screwed' by Senator Joe Manchin of West Virginia.”

Politico: “Vance has said he wants to repeal much of the Inflation Control Act.”

Business Insider: “Project 2025 and the repeal of the Inflation Reduction Act were supported by several conservative organizations.all run by the Heritage Foundation, a major conservative think tank.”

WBUR: “Project 2025 also calls for the repeal of the Inflation Reduction Act of 2022.”

Project 2025: “Support the repeal of massive spending laws such as the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA).”

Vance: “I think there is a lot of bad politics in [the IRA]. … And I would like to see a lot of this done away with.”

Vance: “[The IRA is] stupid, does nothing for the environment and will make us all poorer.”

Heartland Signal: “JD Vance is against [the Inflation Reduction Act’s] Electric vehicle tax credits will bring thousands of new manufacturing jobs to Ohio”

Center for American Progress: “The Project 2025 drug plan would increase costs for up to 18.5 million seniors and other Medicare beneficiaries”

The Inflation Reduction Act lowers costs for hard-working families, but Trump and Vance want a “Inflation bomb“by once again manipulating the economy in favor of the super-rich at the expense of the middle class.”

Axios: “Sixteen Nobel Prize winners in economics enter the presidential election campaign with a stark warning: Former President Trump's plans would reignite inflation and cause permanent damage to the global economy if he wins the election in November.”

BBC: “[Project 2025’s] Economic advisers suggest that a second Trump administration should cut corporate and income taxes, abolish the Federal Reserve and even consider a return to a gold-backed currency.”

Project 2025: “The corporate tax rate is to be reduced to 18 percent.”

The Hill: “Trump victory and Republican victory would fuel inflation: Moody’s Analytics“

The Atlantic: “Trump’s plan to boost inflation”

Vance on Trump’s plan to raise tariffs and costs on hard-working Americans: “It's a fascinating proposal and we could talk about it for a while.”

Vance: “The left attacked Donald Trump for these tax cuts, saying they would worsen the deficit In reality, we raised revenues because the government retreated from regulation and the tax cuts generated strong growth, which meant more people worked, which led to higher production and a healthier economy overall… I think we have a pretty sensible regulatory and tax agenda.”

New York Times: “The 2017 corporate tax cuts signed by Mr. Trump did not increase government revenues… In fact, they had the opposite effect.”

The Guardian: “Donald Trump's $1.5 trillion tax cuts have helped billionaires pay a lower tax rate than the working class for the first time in history.”

Trump and Vance's Project 2025 plan to undermine the IRA would undo the largest U.S. investment ever in combating climate change, which helps create jobs in clean energy.

Financial Times: “If elected, Donald Trump would undermine Joe Biden’s groundbreaking IRA climate law”

“Donald Trump plans to undermine US President Joe Biden’s landmark climate lawto increase investment in fossil fuels and roll back regulations designed to accelerate the transition to electric vehicles if he is elected next year. … The Inflation Reduction Act – the centerpiece of Biden's economic strategy with $369 billion in tax breaks and clean energy subsidies – will then find itself in Trump's crosshairs.”

CNBC: “The [Inflation Reduction Act]”The Climate Action Act, signed into law by President Joe Biden in August, is the most aggressive climate investment ever passed by Congress. It is expected to cut the nation's planet-warming carbon dioxide emissions by about 40% this decade and move the country toward a net-zero economy by 2050.”

Bloomberg: “Between last August, when President Joe Biden’s landmark climate law took effect, and the end of January Companies have announced more than 100,000 clean energy jobs in the USaccording to an analysis released Monday by the nonprofit advocacy group Climate Power.”

While the IRA is lowering the cost of prescription drugs, Trump and Vance's Project 2025 and extreme Republicans in Congress threaten to undo the progress made and deprive millions of Americans of access to affordable health care.

Axios: “How Trump could weaken Medicare drug price negotiations”

Daily Beast: “Trump to revive plan to repeal Obamacare if elected in 2024”

The Hill: “During the election campaign, Trump reiterated his promise to repeal the ACA. In 2017, he was just one vote short of doing so.”

NOTICE: “Vance said repealing Obamacare remains a priority.”

Axios: “RSC budget revives conservative health priorities”

“The Republican Study Committee today released a budget proposal that proposes a blueprint for health care policy if Republicans control the White House and at least one chamber of Congress next year…

“The health sector … calls for the repeal of the Inflation Reduction Act and its drug pricing provisions. … This would eliminate many of the Affordable Care Act's protections for pre-existing conditions.”

Reuters: “Biden and Harris welcome Medicare drug price cuts that will save billions”

PBS Newshour: “Biden administration reaches agreement to lower prices of some of Medicare’s most expensive drugs”

USA Today: “The maximum price for insulin is now $35, lowering costs for many American diabetics”