Abstract
The IRA has already begun delivering tangible benefits in the U.S., with much of it going to Republican districts. While LGSA has brought House Speaker McCarthy into the national spotlight, he does not have sufficient political clout to pursue a reversal of the IRA, especially when it would hurt the electoral prospects of individual Republican members of Congress. The Democratic majority in the Senate and President Biden’s veto threat further secure IRA policies. Our assessment suggests that Biden will use other bargaining chips before conceding on the (energy-related) provisions of IRA.
