Sen. Ted Cruz Fact-Checks Al Gore’s Claim at World Economic Forum: ‘True’

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At the World Economic Forum (WEF) on Wednesday, former Vice President Al Gore admitted and touted what critics have long said about the Inflation Reduction Act, prompting Sen. Ted Cruz (R-Texas) to agree.

“Fact check: true,” Cruz tweeted Thursday night, posting a video clip of Gore speaking at WEF’s annual meeting in Davos, Switzerland.

 

 

In the video, climate-activist Gore admits that Democrats’ “Inflation Reduction Act” signed into law last year is, in reality, mostly a climate change measure. Gore goes on to laugh and say that he’s confident the bill will actually end up spending far more than $369 billion on climate:

“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.

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

Indeed, as Fox News notes, half of the $739 billion law’s spending is dedicated to Democrats’ climate agenda:

“The $739 billion package was passed last year to combat soaring costs that have hamstrung many Americans. Included in the legislation is an estimated $369 billion going toward investments in “Energy Security and Climate Change.”

“The Environmental Defense Fund called it the ‘biggest package of climate investments in U.S. history,’” Fox News reports.





Source
Las Vegas News Magazine

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