19 Days ‘til Default: MAGA House Republicans to Take Jobs from Working Americans and Line Big Oil’s Pockets
Washington, D.C. – As the threat of a default looms, Speaker McCarthy and the House MAGA Republicans are set on rewarding Big Oil and repealing a law that invests billions in clean energy and creates jobs for thousands of Americans.
As gas prices skyrocketed in 2021, compensation for Big Oil CEOs rose by nearly $45 million. If MAGA extremists’ Default on America Act becomes law, these CEOs’ paychecks will only continue to grow, while working Americans will be left with fewer good-paying job opportunities and a worsening climate crisis.
According to Climate Power’s latest Clean Energy Boom report, 142,000 clean energy jobs in 41 states are at risk if Republicans repeal the IRA. Additionally, America would miss out on 9 million jobs over the next decade, according to the BlueGreen Alliance and the Political Economy Research Institute at the University of Massachusetts Amherst.