After the Inflation Reduction Act passed Congress, Gavin Newsom had a field day. He announced that California would “lead the way” in going green across the country.
In case you need a refresher, the “Inflation Reduction Act” doesn’t lower inflation at all. Instead, it massively expands the IRS, pays for other government spending, and $369 Billion is going straight to fighting the climate change boogieman.
California absolutely lit up at the opportunity for government spending and expansion. California Governor Gavin Newsom announced that California will “lead the way” in their efforts to save the world from this imagined existential terror.
“The significant funding that will flow to states like ours is essential to protecting people from the worst impacts of climate change and accelerating our transition to a clean energy future. With our own record $54 billion Climate Commitment and world-leading efforts to cut carbon pollution and move toward an oil-free future, our state has been a global leader on climate change. But California can’t wage this battle alone – and thanks to today’s action by President Biden, we won’t have to.”
So what are these grand and glorious changes that California will lead? Let’s break open the damage report…