Deep Dive

Republicans to Control House, How Much Risk of Inflation Reduction Act Repeal?

After the 2022 midterm elections, Republicans are set to take control of the House, and calls to repeal the Inflation Reduction Act, previously promised, have resurfaced. However, several legal and policy experts who were involved in the Affordable Care Act battles point out that the likelihood of a full repeal is low, but oversight, delays, and political battles surrounding it may persist beyond the 2024 election. The renewable energy industry, meanwhile, hopes that the act's diverse incentives will create a political buffer and accelerate project implementation to solidify its position.