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Repealing Inflation Act Could Cost 790,000 Jobs, $160B

3/23/2025

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Summary

Story summary

Repealing the Inflation Reduction Act could spell disaster for the U.S., risking nearly 790,000 jobs and a staggering $160 billion drop in GDP by 2030. States like Texas, California, Florida, Georgia, and Pennsylvania would bear the brunt, facing soaring energy bills and devastating job losses, jeopardizing vital clean energy investments and the path to economic recovery.

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Story summary

Repealing the Inflation Reduction Act could spell disaster for the U.S., risking nearly 790,000 jobs and a staggering $160 billion drop in GDP by 2030. States like Texas, California, Florida, Georgia, and Pennsylvania would bear the brunt, facing soaring energy bills and devastating job losses, jeopardizing vital clean energy investments and the path to economic recovery.