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

Craig Bannister | January 20, 2023 | 11:54am EST
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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.

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