Eric Hovde is a multi-millionaire bank executive who likes to rail against regulations and is being backed by billionaire oil barons who also fight against any kind of meaningful environmental safeguards. Hovde would join the dirty energy industry’s backers in Congress who want to keep us dependent on fossil fuels and even said that the push to get to 100% clean energy by 2050 is “delusional.”
Hovde supports a pro-polluter agenda, endorsing Donald Trump’s policies in 2019 by saying “His deregulation program and obviously his tax reform act was very good for businesses.” The Trump tax law ended up becoming a $25 billion handout to Big Oil.
Hovde denounced the historic investments in building a clean energy economy, calling the Inflation Reduction Act a “big ugly bill” even though clean energy tax credits are expected to add billions to Wisconsin’s economy while reducing energy costs for Wisconsin households. Furthermore, Hovde’s own bank has recommended their customers take advantage of these tax credits while he rails against them himself.
