Al Gore: Inflation Reduction Act Was All About Climate Change

The so-called Inflation Reduction Act (IRA) was touted by Maine politicians, and especially Rep. Jared Golden (ME-2), as an economic boon for Maine.

But it was actually about climate change, former Vice President Al Gore said Thursday at the World Economic Forum in Davos, Switzerland.

During the 2022 midterm elections, Golden promoted his vote in favor of the IRA, presenting the bill as a reform that would reduce inflation, rein in the national debt, lower the cost of prescription drugs, and decrease energy costs.

Golden specifically said he supported the IRA’s plan to increase domestic oil and gas production.

But that doesn’t square with Gore’s evaluation of the massive bill.

According to Gore, the IRA was really a backdoor way for environmentalists to advance climate change related goals.

“In my country we passed the Inflation Reduction Act, which is primarily a climate act, $369 billion, which will actually be much larger than that, because the heavy lifting is done by tax credits that are very long term, some of them actually open-ended,” Gore told an audience of other rich people, many who also arrived to Davos on private jets.

“And the early investments that have already been triggered by [the IRA] give a great deal of reason, many reasons for believing it’s going to be much larger than $369 billion, so I’m very encouraged by that,” he said.