solar industry warns of economic fallout from potential ira repeal

The CEO of a well-known solar equipment manufacturer has expressed concern that eliminating the clean-energy incentives included in the Inflation Reduction Act (IRA) would have a negative impact on the US economy.

This legislation, which is a key part of President Biden's climate initiatives, provides significant tax credits and incentives to support clean energy projects.

Former President Donald Trump has promised to dismantle what he calls the "Green New Scam" and has specifically targeted Biden's climate policies. However, any complete repeal of the IRA would require approval from Congress, where it currently has support from both Democrats and some Republicans.

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