(DCNF)—Congressional Republicans are making a last-ditch effort to gut the Biden-era Inflation Reduction Act’s (IRA) green energy subsidies via President Donald Trump’s “one big, beautiful bill.”
The House Ways and Means Committee unveiled a draft bill Monday afternoon to repeal several IRA subsidies including those for electric vehicles and so-called clean hydrogen while preserving tax credits for carbon sequestration, biofuels and advanced manufacturing, which primarily benefit solar and battery storage projects. Republican Utah Sen. Mike Lee and Reps. Chip Roy of Texas and Josh Brecheen of Oklahoma’s Energy Freedom Act would take an even more aggressive approach by proposing a wholesale repeal of all the green energy subsidies within former President Joe Biden’s law, according to bill text exclusively obtained by the Daily Caller News Foundation.
The bill proponents argue that Trump pledged during the 2024 election cycle to completely dismantle the Biden’s “Green New Scam” and that GOP lawmakers must live up to that promise.
The budget reconciliation process that congressional Republicans are undertaking to pass vast swathes of Trump’s legislative agenda in a single package allows them to circumvent Democratic opposition with a simple majority vote in both chambers.
Pursuing a complete repeal of the IRA’s green energy subsidies in the budget reconciliation package could be the lone opportunity GOP lawmakers get during Trump’s second term to dismantle Biden’s climate policies. Congressional Democrats also used the budget reconciliation process to pass the IRA in August 2022 and avoid a Senate filibuster, despite the opposition of every GOP lawmaker.
“The Inflation Reduction Act, better known as the Green New Scam, is providing massive unlimited subsidies to billion dollar corporations and Chinese manufacturers to the detriment of American energy freedom and dominance,” Roy told the DCNF in a statement. “If Republicans want to unleash American energy dominance and support the President’s energy agenda, we have no choice but to fully — and immediately — repeal the Green New Scam.”
“America’s energy policy should be about keeping the lights on and costs low — not lining the pockets of special interests,” Lee, the chairman of the Senate Energy and Natural Resources Committee told the DCNF. “The Biden Administration’s green energy subsidies have rigged the market, driven up costs, and left our grid more vulnerable.”
The GOP lawmakers’ IRA repeal legislation would eliminate more than 20 tax credits, including subsidies favored by moderate Republicans, for tax years beginning after December 31, 2025. The bill would also repeal the Biden-era law’s petroleum tax and end the ability of project developers to buy and sell green energy tax credits through a practice known as transferability, according to background on the bill obtained by the DCNF.
Though the nonpartisan Congressional Budget Office originally estimated that the green energy subsidies in the IRA would cost roughly $370 million over a ten-year period, the price tag of Biden’s sweeping law has ballooned over the past several years. The energy subsidies could cost taxpayers up to $2 trillion by 2034 and up to roughly $4.7 trillion by 2050, according to analysis from the libertarian-leaning CATO Institute.
The largest subsidies within the Biden-era law would only expire if greenhouse gas emissions are reduced to a level that is likely unattainable within the next several decades, which is partly attributable to the IRA’s skyrocketing cost, according to background obtained by the DCNF from Lee’s office.
“The IRA turned our tax code into a multi-trillion energy entitlement program, creating subsidies without caps, sunsets, or accountability,” Adam Michel, director of tax policy studies at the Cato Institute, said in a statement. “If Congress is serious about energy independence, reliable energy, or the national debt, repealing the IRA is the only responsible path forward.”
Roy previously told the DCNF that failure to include a full repeal of the IRA would jeopardize the passage of the budget reconciliation package in the House.
“If Republicans are going to refuse to repeal the Inflation Reduction Act, they are not going to get a Republican tax bill through the House,” Roy told the DCNF. “It’s costly, it’s inflationary, and we should repeal every dollar of it.”
The lawmakers are expected to introduce the bill early Tuesday ahead of the tax-writing panel’s markup scheduled to begin in the afternoon.
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Two Storms, One Harvest
Every food crisis in living memory has been a one-shock event. The 2008 price spike was a commodity bubble. The 2020 shortages were a logistics failure. The 2022 grain scare was a war on one exporter’s ports. Each time, the system bent, adjusted, and recovered, and each time the experts assured us afterward that global markets are simply too big and too diversified to fail.
What nobody in Washington seems eager to discuss is that 2026 is shaping up to be something the modern food system has never actually faced. Two independent shocks, one climatic and one geopolitical, are converging on the same harvest cycle at the same time. Not sequentially. Simultaneously.
Start with the weather. The Pacific Ocean is currently building toward what forecasters now openly call a record event. NOAA’s Climate Prediction Center puts the odds of at least a strong El Niño near 88 percent, with roughly two in three odds it reaches “very strong” status, the tier reserved for perhaps three or four events in the entire satellite era. Every major global model now projects a median peak in Super El Niño territory, and most of them project it exceeding the 2015-16 event, which until now held the modern record. Sea surface anomalies were already brushing the super threshold in mid-July, months before these events normally peak. The atmosphere has already shifted into El Niño mode, and the event is forecast to crest in late fall and early winter.
This is not about “climate change.” It’s about the standard cycles of weather, and the cycle we’re currently in is one that has likely devastated societies in the past. We’re better prepared as a society today, but not all Americans are equally prepared.
Serious households have started doing the quiet math on their own. Grocery bills tell part of the story, and the forecast maps tell the rest, which is why long-term food storage has moved from fringe hobby to mainstream line item in the family budget, with established suppliers like Heaven’s Harvest seeing demand from people who five years ago would have rolled their eyes at the idea. That instinct is not paranoia. It is pattern recognition, and the pattern is worth walking through carefully.
Editor’s Note: Heaven’s Harvest IS a sponsor, but the warnings of this article are real and would be written even if we didn’t have a survival food sponsor. With that said, those who take advantage of what they offer can use promo code “Patriot” for 15% off.
The Fertilizer Clock Is Already Running
While the Pacific warms, the second shock has been unfolding in the Strait of Hormuz. The conflict with Iran turned the world’s most important energy chokepoint into a contested waterway, and the consequences reach far beyond the gas pump. Roughly a third of global fertilizer trade moves through Hormuz, and the disruption sent urea prices up 86 percent year over year by March, with a 53 percent jump in a single month.
The World Bank projects energy prices rising about 24 percent in 2026 and fertilizer about 31 percent. By its own accounting, fertilizer prices ran 35 percent higher in the first five months of this year than the same period last year.
Here is the mechanism the nightly news will not explain. Fertilizer is not a grocery item. It is a time-delayed input. The nitrogen a farmer in Iowa or Punjab could not afford to apply this spring does not show up as a problem this spring. It shows up as a thinner harvest six to twelve months later.
The World Bank’s own food security brief concedes that the effects of reduced applications earlier this season “are likely to become visible only later in harvest outcomes.” Translate that from institutional language into plain English and it means this. The damage is already done, it is already in the ground, and we are simply waiting for it to arrive on the shelf.
Now check the calendar. Six to twelve months from the spring planting season lands us squarely in late 2026 and early 2027. Which is precisely when the strongest El Niño in the instrumental record is forecast to peak, bringing its signature droughts to Southeast Asia, Australia, southern Africa, northern Brazil, and South Asia, the very regions that grow the world’s rice, sugar, and oilseeds.
The World Bank warns openly that a strong El Niño “could disrupt multiple crop belts simultaneously” on top of the conflict-driven input costs. Their baseline projection assumes the Middle East disruptions ease by autumn. What in the last two years of Middle East history suggests that assumption is safe?
The System Has No Slack Left
The comfortable answer is that global markets always adjust. But adjustment requires slack, and the slack is gone. Global cereal production is expected to decline from last year’s records even before El Niño does its work. The UN World Food Programme, hardly a den of right-wing preppers, is calling this the most significant disruption to its supply chains since Covid and the invasion of Ukraine, and its supply chain director put the stakes bluntly.
Today’s supply chain challenges are tomorrow’s hunger crisis.
There is also a political dimension that markets cannot price. When food gets scarce, governments do not behave like economists. They behave like politicians. Export bans, hoarding mandates, and panic buying at the national level turned the modest rice shortfall of 2008 into a global crisis, and analysts are already warning that import-dependent nations are the first dominoes.
The 2015-16 Super El Niño, a far weaker event than what is now forecast, threw tens of millions into food stress across Africa and Asia. This one is projected to be stronger, and it arrives with fertilizer already rationed by price and shipping lanes already contested by missiles.
What Joseph Knew
Scripture does not treat preparation for lean years as faithlessness. It treats it as wisdom delivered in advance to those willing to act on it.
Behold, there come seven years of great plenty throughout all the land of Egypt: And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt.
Joseph did not respond to that warning with a hashtag or a committee. He stored grain during the years of abundance, and when the famine came, Egypt stood while its neighbors begged. The lesson is not that famine is certain. It is that the time to prepare is precisely when preparation still looks optional.
Nobody who filled a pantry in a year of plenty has ever regretted it, and nobody standing in an empty aisle has ever been glad he waited for certainty.
None of this calls for panic, and panic is the enemy of sound judgment anyway. It calls for the same unglamorous prudence our grandparents considered ordinary. Keep some cash margin, know your local growers, and put real food in deep storage while it is cheap and available, because the entire arc of this story is that cheap and available is a closing window.
Families looking for a straightforward place to start can visit Heaven’s Harvest and use promo code Patriot for 15 percent off long-term storable food. The forecasts may yet soften, the strait may yet reopen, and we should pray they do. But hope is a fine thing to hold and a foolish thing to eat.
